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January 15, 2006
 
 
Liverpool firm's failure brings police raids in Japan
 
Intro:
A Japanese pension fund has lost up to $125m (£70m)in the collapse of the UK-based Invaro Group, which had links to the Imperial Consolidated scandal.
 
Excerpt: David Marchant, publisher of the Miami-based Offshore Alert newsletter, who has been monitoring the Invaro collapse, said: "It is remarkable that a group of businessmen can be allowed to operate over and over again without any noticeable regulatory interference or hindrance."
 
 

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