Rationale Asset Management PLC, Value Asset Management PLC and Merydion Corporation Limited were liquidated in public interest before Judge Prentis of the International Criminal Court on January 12. The Official Receiver’s Office has been appointed as the liquidator of these companies.
During the litigation, the court heard that property investment company london Rationale Asset Management and Value Asset Management were acting as London-based real estate investment companies, and after reporting concerns, they brought the Official Receiver’s Office to the attention of your business. Confidential investigation found that Rationale Asset Management claimed to potential customers that they had purchased and developed businesses such as nursing homes, hotels, and bars to sell for real estate investment activities.
Instead, most of the funds are used to pay the directors of Rationale Asset Management and to other companies where the directors hold a majority stake. Rationale Asset Management also raised £1 million in funding from a pension plan called the “Best Retirement Benefit Plan”, which was previously investigated by the Official Receiver’s Office and pension regulators because the plan was accused Related to pension payment activities.
The second real estate company, Value Asset Management, is closely related to Rationale Asset Management and is the subject of parallel investigations by the Official Receiver’s Office. The investigation found that the company sold bonds to investors, and Value Asset Management claimed that these bonds were secured by real estate assets.
Value Asset Management also sells stocks and promises that the funds raised will be used to invest in new properties. However, the researchers found value assets. The management’s marketing materials are misleading, and the company’s accounts show that Value Asset Management is insolvent and does not own any property. Value Asset Management also received £200,000 from Rationale Asset Management, which did not benefit Rationale Asset Management investors.
The third company involved in the legal process, Merydion Corporation Limited, is located in Cheshire and is closely related to Rational Asset Management. The 300,000 pounds of investment the company received came from the same pension plan, from which Rationale Asset Management raised funds. Merydion Corporation then uses these funds to invest in hotel properties owned by company directors in different companies. Insolvency Service senior investigator David Hill said: These companies completely misled their investors and took away millions of pounds without paying anything. Real investment.
There is no evidence that Value Asset Management initiated a real estate development project and that all investors in Rationale Asset Management hold worthless stocks. The court recognized the seriousness of their misconduct and that these companies have been liquidated, putting an end to this ongoing situation. Patterns of harmful business behavior. We also urge anyone considering making such investments to always seek independent financial advice before doing so.