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Pescanova's former president Manuel Fernández de Sousa. (Photo: Stock File)
Luxempart requests embargo on Pescanova’s former president's assets
(SPAIN, 11/12/2015)
Investment fund Luxempart, Pescanova’s shareholder, has asked the National Court to open rogatory letters to Switzerland for the authorities of this country to lock and impound "funds, securities, investments and any financial product" belonging to former president of the company Manuel Fernandez Sousa, and his brother and ex-advisor, Fernando Fernandez de Sousa.
Luxempart bases its request on the complaint issued on 20 October by Judge De la Mata on Fernando Fernandez de Sousa for the crime of using relevant information on the sale of shares.
This complaint is based on Pescanova‘s share sales transactions that the brother of Pescanova’s former president conducted in early 2013, "avoiding losses for EUR 480,000 through the Panamanian partnership Simard Holding, which holds an account at a bank in Switzerland".
The brief submitted by Luxempart notes that the documents sent from Switzerland indicate that the accused Fernando Fernández Sousa is the ultimate beneficiary of that company, and that for the sale of Pescanova’s shares he acted through the external manager Pic Finance SA.
Therefore, the fund from Luxembourg asks Judge José de la Mata to lock and impound all funds, securities, investments and any financial product of such companies where Fernando Fernández de Sousa or his brother appear as ultimate beneficiaries.
Related articles:
- Pescanova’s former adviser fined with EUR 160,000
- Pescanova’s shareholders retain 20pc share
- Minority shareholders' proposal not to affect Pescanova restructuring process
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Information of the company:
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Address:
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12 Rue Léon Laval
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City:
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Leudelange
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State/ZIP:
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(L-3372)
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Country:
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Luxembourg
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Phone:
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+352 437 43 51 01
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Fax:
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+352 42 54 62
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[email protected]
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