Island firms cleared
Thursday 23rd December 2010, 3:00PM GMT.
John Harris, head of the JFSC
TWO Jersey companies at the centre of a major financial scandal that has gripped Austria have been cleared of alleged breaches of the Island’s Companies Law.
The Jersey Financial Services Commission issued a statement this week in relation to an investigation conducted into share buying.
It cleared investment fund Meinl European Land Ltd and its manager, Meinl European Real Estate Ltd, of breaches of the Companies Law. But further local probes into individuals continue.
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