A group of 700 Keydata SLS investors have begun a legal case for compensation against the biggest names in global finance.
These include banks Goldman Sachs, HSBC and Credit Suisse as well as Big Four accountancy firms KPMG and PwC Luxembourg. MeesPierson, one time registrars and paying agents of SLS Capital, and the firm which replaced them, Equity Trust Luxembourg, are also on the litigation list, along with SLS Luxembourg and Keydata itself. The SLS investors claim the international network of finance firms watched over a multi-million pound theft from the fund, and did nothing while collecting huge fees. Luxembourg-based life settlement vehicle SLS Capital collapsed after it emerged £103m had been ...
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