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Topic: Ryan Bateman
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.
Local fund liquidators have been given wide powers to effect the recovery of millions of dollars invested with a Cayman Islands-registered brokerage previously run by a man who is a fugitive from the Cayman Islands justice system. Following a Grand Court hearing Thursday, liquidators Chris Johnson and Graham Robinson were named joint official liquidators of the firm known as Bateman & Company Ltd.
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.
A Cayman Islands-registered investment firm whose director was described as a “fugitive” during proceedings of the Grand Court has been ordered wound up in accordance with the local Companies Law.
The Cayman Islands Monetary Authority has canceled Ryan Bateman’s director registration, the regulator announced this week.