The company, known as SixCap, was placed into insolvent liquidation last month in the British Virgin Islands where it’s incorporated, according to a statement dated Feb. 26 from appointed liquidator Baker Tilly.
Investors and creditors were told they’re collectively owed more than $143 million, according to a Wednesday report by Singaporean newspaper The Business Times.
Baker Tilly did not immediately respond to an email from CNBC requesting confirmation of that figure and asking for other details such as the number of investors involved.
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Read the full article at: https://www.cnbc.com/2018/03/07/sixcap-filed-for-liquidation-owes-investors-143-million-report.html
