Wednesday 14 April 2010

Marrache creditors claim over €33 million

GIBRALTAR
Creditors of Marrache & Co. are seeking to recover over €33million from the suspended law firm. A meeting took place recently at the Eliott Hotel, according to The Gibraltar Chronicle, and elected a Committee of Inspection that includes attorneys representing some of the larger creditors. The figure is expected to grow as more creditors emerge. The authorised administrator of all the companies involved in this major fraud investigation, Freddie White, is understood to be planning to pursue a claim against the law firm by the trust companies he now administers.

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