Topic: Bateman & Company Ltd.

Court-appointed liquidators attempting to recover millions in assets held by two now-defunct investment brokerages formerly managed by funds director Ryan Bateman have sued a former employee of one of those brokerages seeking US$582,000 plus interest payments.

Court-appointed liquidators said Tuesday they are seeking to locate millions of dollars invested with a Cayman Islands-registered brokerage once run by a man who was declared a fugitive from the local justice system.

A court petition seeking to wind up a Cayman Islands-registered company once controlled by a man wanted locally on a grievous bodily harm charge was filed last week, after attempts to recover at least $4.8 million in the firm’s assets failed.