High Court orders Cru liquidation

The company, which was behind the failed Arch Cru fund range, was voluntarily liquidated. Initially, Investec Asset Finance has issued a winding up order against the firm, but this was withdrawn when it discovered the firm had volunteered for liquidation. Creditors will meet on 23 March 2010 in Cardiff, with the opportunity for third parties to see the terms of remuneration for the liquidators. A full list of creditors will be published two days before the meeting. Yesterday, Arch Cru director, John Maguire, revealed he will campaign in the next election for the right-wing Engli...