Aberdeen Global Luxemburg
Subsiduary of Aberdeen Assets Aberdeen.
AGENTS Henry Woods
Salesman Tim Shepperton
INVESTORS David & June Bamford
When we met Tim Shepperton we told him we'd lost most of our lifesavings by trusting John Findlater OBE. Sheppterton informed us that the bond was a winner and totally safe. He himself having £50,000 of his own money invested.
Two weeks later our safe investment had shrunk by 4%. We asked for information from Henry Woods. We received platitudes and fine words. We sought information from Aberdeen Global and discovered that what has been miss-sold as a safe investment had been on the decline for some time. We sold our shares which in a matter of a few weeks had lost us 13% of our investment. From the 4th of June 2001 to the end of September 2001 the value of this 'safe' bond had fallen 15% (Aberdeen Goblas own figures).
Since December 2001 over 100 letter have been written to Aberdeen Global and the Luxembourg Regulators the Commission de Surveillance du Sector Financier. The regulatorss agreed to deal with Aberdeen Global under article 58 of the law of April 5th 1993. They made their recommendations to Aberdeen Global whose M:D: Godfrey Abel said that Aberdeen wished to settle as soon as possible. Nothing happened. Several 'fob off' letters from Godfrey Abel who promised so much, moves on to another post. Mr Ian Taylor takes over, even more promises are made including the promise that Aberdeens Spanish Lawyers would soon be writing to us and settling matters. Then we find that Aberdeen are closing their offices in Luxembourg!
Mark Lints is written to, more 'Fob off' letters. The Chairman of Aberdeen Global receives a letter. No reply!. emails etc Still no settlement.
This matter has now been referred to the Spanish Criminal Courts, we will publish the outcome.