COMPANY SENSATION
ACCUSATION OF FRAUD PREFERRED AGAINST MARCONI. SPECULATING IN SHARES. (United Press Assn.--Copyright.) (Received 9 a.m.) LONDON, November 8. There was a heated scene in the High Court when a section of Marconi Company shareholders, following up a decision concerning capital, opposed a petition to reduce the total to £1,625,000. •
Incidentally they accused Mr Marconi of speculating in the company’s shares to the extent of £150,900 in ordinaries and £38,000 in inference shares.
Mr Marconi’s counsel pointed out that his. client was seriously ill, and it was impossible for him to appear to answer the charge of fraud, but he filed an affidavit denying the charge, and said that other directors would give evidence fully on the matter. The hearing was adjourned.—A. and N.Z,
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Northern Advocate, 10 November 1927, Page 5
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125COMPANY SENSATION Northern Advocate, 10 November 1927, Page 5
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