Etaireia Investments Plc

Three days after being exposed by OffshoreAlert, publicly-listed British firm Etaireia Investments Plc has admitted it falsely announced last year that it had received planning permission for a substantial residential development on land it owns in Scotland. The company is blaming the fraud on a former director, Stuart Black.

Trading in shares of British firm Etaireia Investments Plc were suspended on the London-based ICAP Securities & Derivatives Exchange yesterday - two days after OffshoreAlert exposed the company's fraudulent activity.