On 14th January 2014 Quindell announced the purchase of ACH and associated companies for £5 million in cash and 117,812,500 (pre consolidation) shares at 22.5p. We have pointed out before that ACH was 100% owned and run by a convicted Nigerian Fraudster Andrew O’Dua, something Quindell did not mention at the time. But now the spotlight falls on the associated companies and how Quindell CEO Rob Fielding made a quick £2 million.
The main associated company was called RTA Management Services Ltd and it was set up on 2nd December 2013. It had one shareholder Rob Fielding and no assets. It was a shell. And it was part of the transaction.
I have established that the shareholder list for Quenron post the ACH deal saw the Nigerian Fraudster O’Dua
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