Begbies Traynor Favorable Deal, NQ Minerals’ Hidden Lifeline
Al Waseelah a mysterious SPV
Scott Levy and Stuart Gordon, representing Bedford Row Capital, along with Alper Deniz from Truva Trustee, have been diligently covering their muddy tracks concerning one of their largest default investment schemes from NQ Minerals PLC. This action is believed to salvage unsuspecting investors from the Islamic society and ESG investors in Estonia.
Al Waseelah stands as NQ Minerals’ sole paying investment. This shariah-compliant debt instrument was issued by Bedford Row Capital for NQ Minerals PLC and it will mature in 2026.
In a 2019 interview, Stuart Gordon emphasized that Al Waseelah, as the first sukuk for a listed UK corporate, provides new choices for Islamic investors. These investors now have the opportunity to invest in a compliant manner in stock exchange-listed European assets. Al Waseelah offers Sukuk as an alternative financing solution for global corporates and institutions, providing Shari’a-compliant investment opportunities in listed financial instruments.
Al Waseelah PLC structured to engage in a commodity transaction with NQ Minerals PLC, involving spot delivery on a deferred payment basis. The sukuk paid a consistent 10% coupon per annum, even as public information revealed NQ Minerals had plunged into administration and voluntary liquidation in August 2022.
The puzzling aspects arise from this situation :
- Despite public information indicating NQ Minerals PLC’s insolvency, Al Waseelah sukuk continues to pay a 10% coupon per annum.
- Al Waseelah’s structure implies NQ Minerals PLC remains operational, capable of fulfilling obligations to sukuk holders, while apparently insolvent for other creditors.
This implies that NQ Minerals PLC is still very much active and operating, capable of paying the sukuk holders, yet seemingly insolvent for other creditors. Notably, all other bonds issued by Bedford Row Capital for NQ Minerals have already defaulted since August 2021.
- Begbies Traynor, appointed as NQ Minerals PLC’s administrator. Were they complicit or very incompetent? Did they strike a favorable deal with Al Waseelah PLC and Bedford Row Capital, allowing the trio to sweep their tracks under the rug?
- Alper Deniz, CEO of Truva Trustee and trustee for all these bonds (Invenio Capital, Audley Funding, and Al Waseelah), seemingly failed in his fiduciary duty. Deniz appears to benefit from the continuous profit payments, casting further doubt on his role and actions.
In Comprison :
1. NQ Minerals PLC – Invenio Capital Bond
2. NQ Minerals PLC –Audley Funding Bond
3. NQ Minerals PLC – Al Waseelah Sukuk
Seeking Justice
If you’re a creditor of NQ Minerals PLC or a victim of Bedford Row Capital’s schemes, don’t stay silent. Reach out to Begbies Traynor’s compliance and complaint channels:
- https://www.begbies-traynorgroup.com/about-us/complaints-procedure#top
- https://www.gov.uk/complain-about-insolvency-practitioner
- Or the Head of compliance is Ms. Christine Kerr
One response to “Begbies Favorable Deal”
-
Regarding https://veridicus.org/begbies-favorable-deal/
just been advised by the insolvents Begbies Traynor that You have provided a link to an unsubstantiated source, which appears to be based on assumptions. they are saying they have not received or paid any funds in relation to Al Waseelah as Administrators or Liquidators.
Regarding https://veridicus.org/begbies-favorable-deal/ just been advised by the insolvents Begbies Traynor that You have provided a link to an unsubstantiated source,…
Bedford Row Capital and Alper Deniz Keystone Truva, or whatever they may call themselves, appear to be nothing short of…
Alper deniz is a fraud !!
Alper Deniz is a coward, a hypocrite, and full of utter bollocks.
Scott Levy and Stuart Gordon have been deceitful since early business.and Alper Deniz is no exception. I discovered Alper was…
Merle on alati olnud nii usaldusväärne. Raske uskuda, et ta võiks midagi sellist teha
Kui see tõesti on tõsi, siis see raputab usaldust tema vastu täielikult.
Kas olete kindel? Merle ja pettus? See tundub täiesti uskumatu.
Ma ei kahtlustanud kunagi, et Merle Liivand võiks olla seotud selle süsinikukrediidi pettusega
Viimasel ajal on palju juttu olnud Merle Liivandi uuest projektist, mis keskendub ESG investeeringutele. Ta on ju nii tuntud oma…
Scam alert! Alper deniz is one of the mastermind, Scott Levy and Stuart Gordon are also fraudsters. Bedford Row Capital…
£50K Lost on this scam Please can we not do something ?
Hi Very interesting ..he took £50 K off me and despite over 30 call/emails etc …nothing ! Please can we…
I apologise. This seems like the person. https://imagevault.cloud/3M40VR
At 75, I’ve seen a lot in my day, but this fraud has left me completely gutted. My pension, which…
FCA website: https://www.fca.org.uk/contact#contact-form
“Cet article de Veridicus explore en profondeur les secrets entourant NQ Minerals, révélant des informations essentielles jusqu’alors cachées. À travers…
bedford row capital and alper deniz are all nothing but fraud, they sued by many of their investors.
They all scammers. Sad part is these scammers are pretending to be the good guys who cares about carbon credit…
I believe begbies also need to be held accountable for letting these fraudsters a deal. begbies was sued by John…
Professor Lisa Wilson’s company , Zero13 seems to have a very strong relationship with Bedford Row Capital and Alper Deniz.…
Of course it’s all fake. There’s nothing real about him and his cabal. Scott Lev was conman in then, and…
is this real ??? so nq minerals still in operation? I can’t believe this, I will sue begbies traynor, bedford…
I have lost all my retirement savings because of these fraudsters. I thought I would be able to live off…
I saw that Scott Levy got himself called Dr Scott Levy. I couldnt find any PhD from him. It is…
The face of a liar and fraudster… how proud your family must be to have you as a father, while…
The face of a liar and fraudster… how proud your family must be to have you as a father, while…
Indeed. Let’s see if Professor Lisa will do the right thing or go down with it. I am certain that…
Good people must not only distance themselves from unscrupulous actors but also report them. Germans just “walking away” in the…
Ekthesis, These fraudsters background are all lawyers by nature, and they know how to get away with it, especially since…
Refer to the reply to Roman Manna. Professor Wilson like many others before her have been dupped, by Levy, Gordon,…
Professor Lisa Wilson is, and is well respected globally, as a person of utmost integrity, and global pre-eminence. It is…
Possible to share some info about Lisa’s role ? these scammers need to be put behind bars …
Scott Levy and Lisa Wilson are the ringleaders of these ponzi schemes. John is right, BRC was just “acquired” but…
SCOTT LEVY, ALPER DENIZ, STUART GORDON THEY SCAMMED RETIREES !!!!!
What other scam these scammers promoting in Estonia ? Yes, they have to be in jail. Daniel Levy is Scott’s…
That Daniel Levy has scammed half of Estonia. He should be in jail.
scott levy and alper deniz need to be held accountable. I’m so shock reading this article !!!!!
#UKInvestmentScams #FraudAlertUK #ScamAwarenessUK #InvestmentFraudUK #UKScamPrevention #FinancialFraudUK #ScamWatchUK #ProtectYourInvestmentsUK #FraudPreventionUK #UKInvestorBeware #AvoidInvestmentScamsUK #SecureInvestingUK #ScamSmartUK #InvestmentSafetyUK #UKFraudWatch #InvestmentSecurityUK #StaySafeInvestingUK #ReportInvestmentFraudUK #ScamProofUK #UKFinancialSecurity…
Alper deniz is nothing but scammer, he and Scott Levy distribute the bond to our network of investors, stating the…
They all scammers. Scott Levy , Stuart Gordon and Alper deniz are all the culprits behind this fraudulent bond investment…
Alper deniz is nothing but a fraudster. I’ve reached out to him several times in the past as he was…
I used to work at brc for quite sometime, and I decided to leave the company, due to this fraudulent…
These fraudsters must be held accountable !!! They promoting fraudulent investment since day start operating in Luxembourg, then move to…
We tried to report BR to the Financial and Legal UK Ombudsman with no success
This plus the English regulators and sales points are so weak and toothless. When investors are able to identifying inappropriate…
Shouldn’t the trustee be assisting the bondholders? Or is he just another swindler like the rest, I wonder?
#UKInvestmentScams #FraudAlertUK #ScamAwarenessUK #InvestmentFraudUK #UKScamPrevention #FinancialFraudUK #ScamWatchUK #ProtectYourInvestmentsUK #FraudPreventionUK #UKInvestorBeware #AvoidInvestmentScamsUK #SecureInvestingUK #ScamSmartUK #InvestmentSafetyUK #UKFraudWatch #InvestmentSecurityUK #StaySafeInvestingUK #ReportInvestmentFraudUK #ScamProofUK #UKFinancialSecurity…
I invested my hard earned money, as I was assured that all bonds from Bedford Row were secure. However, it…
Despicable conmen. Making UK financing laws look pathetic. What has happened to Interpol. Why are they beyond international law also…
Leave a Reply