The UK Financial Conduct Authority (FCA) begins its investigation into the Veltyco case. On July 29, 2019, one of Veltyco Group PLC’s largest shareholders filed a £500 million fraud complaint with the FCA. FinTelegram has access to the fraud complaint. FinTelegram is aware of the shareholder and investor, who is a UK citizen, but he does not wish to be identified. This shareholder has provided written statements to inTelegram. In it, the shareholder claims that the main shareholders of Veltyco are also involved in the fraud schemes involving the founder Uwe Lenhoff and his fellow board member Marcel Noordeloos.
I want the management of Veltyco imprisoned. One of the main shareholders was paying people 2% to buy shares in Veltyco in the market place in order to strenghten the price which enabled Uwe to sell shares.
According to the information available to us, the shareholder is an insider who is personally acquainted with the management of Veltyco and its major shareholders. One of the persons accused by this shareholder, a major shareholder of Veltyco and former partner of Lenhoff, denied any allegation. He would have lost more than €4.5 million and been duped by Lenhoff himself. The fact is that all the main shareholders of Veltyco questioned by FinTelegram now recognize Lenhoff’s fraud, but identify Lenhoff as the sole culprit.
Another major shareholder who owns more than ten percent of Veltyco’s shares has indicated that they are willing to join the criminal complaint and take legal action against Veltyco’s management. In the meantime, the Veltyco shares of the arrested founder Uwe Lenhoff have been transferred from Lensing Management Ltd (British Virgin Islands) to Ulen Holdings Ltd. the reason for that is most probably that Lensing Mangement Ltd is the subject of criminal investigations.