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Imperial Consolidated founder ordered to turn over bank records

A U.K. High Court judge today ordered bankrupt British businessman Lincoln Julian Fraser to turn over his bank records to the administrator of his failed Imperial Consolidated Group, which went bust in June, 2002 with liabilities of approximately $345 million.He

Lincoln Fraser staves off bankruptcy (for now)

Imperial Consolidated co-founder Lincoln Fraser has staved off personal bankruptcy - at least for the time being - after a commercial rent debt of £16,599 (US$26,600) was paid at the eleventh hour. A petition to have Fraser declared bankrupt was due to be heard at Grimsby County Court, England on January 20, 2003. It did not proceed after payment in full was made earlier in the month, said a spokesman for the petitioning creditor, Nadan Properties Ltd., of London.

Imperial Consolidated administrator awaits results of geological survey in Argentina

The results of an independent geological survey of 4.5 million acres of land in Argentina to which the Imperial Consolidated Group has mining rights are expected to be known by the end of August. They will go a long way to determining the level of dividend creditors can reasonably expect, said a spokesman for Imperial's UK-based administrator, Mazars Neville Russell.

Reorganization continues at scandal-plagued Imperial Consolidated

Michael Gilbert, who was severely criticized by a New Zealand judge in a recent court ruling (see separate story), is part of a reorganization that involves the Imperial Consolidated Group and companies with the prefix 'Alpha'.The firm that he is a director of changed its name from Imperial Consolidated (New Zealand) Ltd. to Alpha Equities Asia-Pacific (NZ) Ltd. on November 29, 2001.

Lincoln Fraser and Jared Brook resign from Imperial Consolidated

Three weeks after OffshoreAlert exposed their role in a failed hotel in England, Lincoln Fraser and Jared Brook resigned their positions with the UK-based Imperial Consolidated Group. The resignations of Fraser and Brook as Chairman and Chief Executive Officer, respectively, of Imperial Consolidated was announced in a press release dated April 23.

Imperial Consolidated principals resign

Three weeks after OffshoreAlert exposed their role in a failed hotel in Morecambe, England; Lincoln Julian Fraser and Jared Bentley Brook have resigned as Chairman and Chief Executive Officer, respectively, of the UK-based Imperial Consolidated Group, with immediate effect.