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Quindell, RTA, Rob Fielding and the missing £2 million, new document – Sacking needed now

By Tom Winnifrith, The Sheriff of AIM

4 February 2015 08:55

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On Christmas Day I revealed how Quindell (QPP) CEO Rob Fielding had made £2 million for selling a worthless company established by him in December 2013 to Quindell a month later. This should have been declared as a related party deal – since Fielding is a PDMR – but it was not but was instead rolled into a £30 million deal involving convicted Nigerian fraudster Andrew O’Dua. I now have a new document which makes this look even worse – why has Fielding not been fired and the Old Bill called in?

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Comments

Invetigate

4 February 2015, 09:14

Does Andrew O’Dua still hold his shares? If not …..this shows it is not shorts that is pulling the share price down but shares issued to vendors who sold businesses to QPP.
alcira16247

5 February 2015, 06:18

Tom

Am I missing something here?

Weren’t those two heavy weight hitters, Messrs Rose & Sutcliffe charged with improving and strengthening corporative governance?

If that’s correct can’t we safely assume that Mr Fielding has been called into the upstairs office and asked to explain himself? After all to be publicly accused of laundering a large sum of money from a listed company, in dubious transactions is a pretty serious affair.
I’m sure in the interests as being seen as effective ‘new brooms’ and with a non tolerance attitude to wrong doings our two new appointees will be soon issuing an updating RNS on this matter.
After all shareholders would expect nothing less than crystal clear clarity in answer to these serious allegations, levelled at an ethically run company with regulated businesses, such as Quindell.