Investors in Alser Forest bonds allege they were intentionally defrauded by the majority shareholder

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Investors in Alser Forest bonds allege they were intentionally defrauded by the majority shareholder

publicat 2024-06-26 00:00:02 (Bursa)

* Catalin Chiciu, investor: 'Albert Serban used the money obtained from the bonds for the development of the business, and then moved the activity of Alser Forest to other newly established companies' * According to the listing memorandum, the bonds would have been secured by a promissory note endorsed by Alser Forest and #39;s majority shareholder * 'From my information, that promissory note was not endorsed by Albert Serban, the majority shareholder of Alser Forest SA', says the investor

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