FIRMS DEFRAUDED
LARGE SUM INVOLVED.
[BY CABLE —PRESS ASSN. —COPYBIGHT.]
(Recd. October 31, 8 a.m.) PARIS, October 30.
Four Frenchmen and one German living in Paris, were arrested, and four Englishmen are wanted for interrogation, in connection with a gigantic Anglo-French fraud on FrancoBelgian firms needing funds. According to the French Public Prosecutor, an English group is alleged to have proposed that the firms’ requirements should be met by the formation of branch companies in England, whose shares could be placed on the London market, for which they suggested a preliminary payment. One French fifrm handed over £lO,OOO. The English companies, it is alleged, were not formed, and the sums advanced were not returned. Over £200,000 is said to be involved in the affair.
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Greymouth Evening Star, 31 October 1933, Page 5
Word Count
124FIRMS DEFRAUDED Greymouth Evening Star, 31 October 1933, Page 5
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