A london diamond broker targeting vulnerable investors and mis-selling them fancy coloured diamonds has been ordered into liquidation by the High Court.
The company, which the High Court said was mis-selling investors fancy coloured diamonds at inflated prices, was ordered into liquidation following a petition presented by the Secretary of State for Business, Innovation and Skills to wind up the company on grounds of public interest.
The petition was issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service, under section 447 of the Companies Act 1985.
CDX Worldwide, trading as the Coloured Diamond Exchange, claimed to sell the most sought-after investment grade ston…
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