Investigators pursue Langbar's Canadian hedge fund link

Date: Tuesday, May 30, 2006

The Independent

Investigators leading the inquiry into Langbar International are looking into links between the fraud at what was once AIM's biggest cash shell and the collapse of a Canadian hedge fund, according to a newspaper report. Small Talk has learned that both the corporate recovery team which now runs Langbar and the Serious Fraud Office (SFO) which is investigating the fraud at the company are following leads that connect it to Portus Alternative Asset Management. Any link between the two is likely to make the work of the investigators at Langbar significantly more complicated and time consuming than originally thought.