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Mauritius regulator closes down two Belvedere Management fund companies

March 21, 2015 by David Marchant

HIGHLIGHTS

  • Lancelot Global & Four Elements claimed in the past to have $600 m-plus under management
  • Lancelot Global PCC & Four Elements PCC lose business license & investment scheme authorization
  • License revocations & de-listings come 4 days after OffshoreAlert exposed group's fraud schemes
  • Mauritius Stock Exchange de-lists Lancelot Global sub-funds KDC Fund & Commodities Partners International
Two key investment fund companies operated by Belvedere Management Group - Lancelot Global PCC and The Four Elements PCC - have had their business licenses revoked in Mauritius - four days after the group was exposed as a massive criminal enterprise by OffshoreAlert.

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