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By Paul Lashmar |
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June 16, 2002 |
IMPERIAL'S UK ARM COLLAPSES
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| Intro: |
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The British end of the troubled offshore
financial group Imperial Consolidated has been put into
administration, leaving many people anxious to discover what will
become of up to pounds 200m of investments. |
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| Excerpt: |
David Marchant
of the Miami-based Offshore Alert
magazine, which has been tracking the financial group closely, said:
"This action by Imperial Consolidated, and its timing, comes as no
surprise, particularly since Imperial Consolidated Ltd was due to
file its annual audit with Companies House by 31 July 2002. I never
expected that the firm would file one." |
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