Former MP Matt Robson and Tasman Capital are forging ahead with plans to list WSD Global Markets on the NZX, despite a Serious Fraud Office investigation into alleged money laundering operations by WSD’s related company in the Cook Islands.
SFO director Grant Liddell last night confirmed to NBR that the Cook Islands-based WSBC and “associated entities” were under investigation. WSBC out-sources its margin trading operations to WSD Global Markets. …
Accusations of connections between WSD director Riaz Patel and illegal activity around the globe have been made public this week, with journalist Ian Wishart also linking the alleged laundered money with international terrorism.
It is all rather murky. NBR reports Robson is suing Wishart:
Mr Robson says defamation proceedings against Mr Wishart have now been launched and he rubbishes the connection Mr Wishart had made between Mr Patel’s businesses and international terrorism.
I would suggest people be cautious with any comments they make, noting this appears to be heading to the courts. All I’ll comment is to say it seems unwise to try and get listed on the NZX while the SFO is investigating you.