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Sunday, April 28, 2024

Stark faces 11,000 shareholder complaints

Individuals who lost money investing in scandal-hit company demand quick action

A group of Stark debenture holders gathers at the Central Investigation Bureau on Tuesday to file complaints about financial statements, now alleged to have been falsified, that had persuaded them to invest in the company. Shareholders of the company have also filed complaints with the Department of Special Investigation. (Photo supplied)

About 11,000 individual shareholders through their representatives have joined the Securities and Exchange Commission (SEC) in filing complaints against Stark Corp Plc and its former executives for fraud related to falsified financial statements.

The complainants filed their cases with…

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