Architects of Wine liquidator sues Barclays Bank

Barclays Bank continued processing checks for an offshore-based wine investment group even after it learned of a regulatory warning in the U. S. and then then refused to co-operate with the group’s liquidator after it collapsed amid allegations of fraud, it has been claimed.The allegations are contained in a civil complaint filed by Christopher Johnson, as liquidator of Cayman Islands-registered Architects of Wine Ltd., at the U. K. High Court of Justice, Queen’s Bench Division, Commercial Court on March 9, 2006. AOWL is seeking to recover $1.3 million from sole defendant Barclays Bank, of London, England, alleging conversion.