综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

Investors stage protests over missing $1.2b

By Fu Jing and Liu Jia (China Daily) Updated: 2015-06-17 06:55

Investors stage protests over missing $1.2b

API Premiere Swiss Trust investors hold signs during a protest outside the the government's petition office in Beijing, China. [Photo/Agencies]

Chinese investors who sank about $1.2 billion into companies in Switzerland that did not have trading licenses have staged protests in Geneva to demand their money back.

The Swiss financial watchdog and legal experts say they face tremendous difficulties in securing the return of their investments.

According to Bloomberg, about 29,000 investors became involved in the alleged scam, and the suspects are still at large.

Vinzenz Mathy, spokesman for the Swiss Financial Market Supervisory Authority, said investors put their money into API Premiere Swiss Trust Ltd and Alpen Asset Management Trust Sarl, but neither company has ever had a trading license.

API is based in Zurich and Alpen in Geneva.

Mathy told China Daily that under Swiss law, only licensed banks are allowed to offer foreign exchange trading services. On May 21, the Swiss regulator ordered the liquidation of API.

The Swiss Association of Trust Companies also told China Daily the two companies have never been on the organization's list.

Bloomberg said API and associated companies promised the investors returns of as much as 10 percent a month. The report was based on interviews with six investors and documents they shared over the past three months. The money disappeared from their accounts in January.

Mathy said the Swiss watchdog issued a public warning about API and Alpen in January, adding that both companies were included in a warning list published on the regulator's website.

The Geneva public prosecutor confirmed that API and an associated company are being investigated, according to Bloomberg.

It also established that both companies offered clients access to a foreign exchange trading platform and asked them to remit funds for trading activities to a Swiss bank account held by Alpen and also to bank accounts of associated companies domiciled outside Switzerland.

As the two companies are over-indebted, they will be liquidated through bankruptcy proceedings, with the Swiss authority administering the bankruptcy assets.

"The investigation findings brought to light that API and Alpen were mainly active outside Switzerland," said Mathy, indicating the difficulties of seeking legal protection in the country.

Yang Haitao, a lawyer at the Dacheng Dentons law firm, said, "Given that capital is moving internationally, the efforts and procedures to seek legal support will be very difficult and complicated."

Li Xiang contributed to this story.

Hot Topics

Editor's Picks
...
潜山县| 云浮市| 东安县| 和硕县| 廊坊市| 尖扎县| 淮北市| 基隆市| 海口市| 邵东县| 岳普湖县| 深泽县| 永城市| 历史| 封丘县| 眉山市| 五大连池市| 益阳市| 延边| 景德镇市| 犍为县| 嘉义市| 澄城县| 基隆市| 雷波县| 正阳县| 高平市| 和田市| 峨眉山市| 霍州市| 清苑县| 寿光市| 绥芬河市| 津南区| 玉田县| 辉南县| 丹江口市| 卓资县| 化州市| 南乐县| 惠州市|