NQ Minerals Hidden Truth Uncovered!

NQ Minerals is still in operation and paying only a handful of investors!

  • Scott Levy and Stuart Gordon from Bedford Row Capital, alongside Alper Deniz, CEO of Truva Trustee, have been implicated in a series of unscrupulous activities that have left many investors, particularly retirees and expatriates, unpaid and misled. 
  • NQ Minerals PLC, which was once declared in default by Bedford Row Capital and Truva Trustee in 2022, apparently is still paying dividends to a specific company owned by Bedford Row Capital and Truva Trustee, this action was done by concealment and deception by selective reporting.
  • Truva Trustee and Bedford Row Capital used the ISIN code (GB00BK4PG791) in public communications instead of mentioning NQ Minerals PLC. 

This tactic diverted attention from the actual performance of NQ Minerals, preventing the public and investors from realizing the company’s ongoing profitability.

  • Truva Trustee, Bedford Row Capital, and NQ Minerals’s management seem to be the only group of investors who benefit from this action!

The Scandal Unfolds

Financial Collapse and Administration:

  • In September 2019, Bedford Row Capital issued a Sukuk Murabaha, a sharia-compliant debt instrument for NQ Minerals PLC, under the name of Al Waseelah PLC 2019-F1. 
  • This instrument, Al Waseelah PLC, provided dividends to investors based on commodity transactions between Al Waseelah PLC and NQ Minerals PLC.
  • In August 2022, NQ Minerals PLC was put under administration, marking the initial signs of trouble.
  • The company had issued bonds through Bedford Row Capital, with Truva Trustee acting as the bond adviser and trustee.
  • This collapse left a large number of creditors and investors who are mostly retirees.

Al Waseelah Plc Issues First UK Corporate Sukuk – Company Announcement – FT.com

Misleading Actions and Fiduciary Misconduct:

  • Evidence has shown that Alper Deniz, serving as the trustee for the bonds issued by NQ Minerals PLC through several Special Purpose Vehicles (SPVs) including Invenio Capital, Audley Funding, and Al Waseelah, failed to disclose crucial information. 
  • Scott Levy and Stuart Gordon was also serve as the Director of the company
  • Al Waseelah, a Shariah-compliant instrument, continued to generate profits and paying it’s investors in 2023 even after NQ Minerals was put under administration in 2022.

AL WASEELAH PLC people – Find and update company information – GOV.UK (company-information.service.gov.uk)

Al Waseelah Plc Profit Payment Announcement – 12:21:55 28 Jun 2023 – News article | London Stock Exchange – Same ISIN code to disburse the profit to a selected group of investors.

Disguised Profits:

  • Despite NQ Minerals being under administration, Al Waseelah, a Shariah-compliant instrument, continued to generate and pay out profits in 2023.
  • Al Waseelah was structured to facilitate commodity transactions between NQ Minerals PLC and Al Waseelah PLC. This shows that NQ Minerals PLC is indeed still in operation; otherwise, how would Al Waseelah be able to generate a 10% annual profit.
  • These payments were not disclosed to the public or to the majority of the investors.

The Aftermath and Seeking Justice

Questions Raised:

  • The revelation that Al Waseelah continued to pay dividends while other investors were left high and dry raises serious questions about Alper Deniz’s fiduciary responsibilities and Bedford Row Capital’s wrongdoings.
  • It appears that Deniz, together with Levy and Gordon benefited from the ongoing profits of this unnoticed investment, while failing to disclose these payments to affected creditors and investors.

Seeking Justice

If you’re a victim of Truva Trustee or a victim of Bedford Row Capital’s schemes, don’t stay silent. Report Mr Alper Deniz the CEO of Truva Trustee and Bedford Row Capital to the appropriate complaint channels or any regulatory body you are aware of.

  1. Financial Conduct Authority (FCA)
  2. The Insolvency Service
  3. The Financial Ombudsman Service (FOS)
  4. The Serious Fraud Office (SFO)
  5. Complain about a solicitor | The Law Society
  6. Complaints against solicitors and other lawyers – House of Commons Library (parliament.uk)
  7.  SRA | Reporting a solicitor or firm to us | Solicitors Regulation Authority

3 responses to “NQ Minerals Hidden Truth Uncovered!”

  1. Harriet Brown Avatar
    Harriet Brown

    is this real ???

    so nq minerals still in operation?
    I can’t believe this, I will sue begbies traynor, bedford row capital and truva.

  2. Pierre Salvatore Avatar
    Pierre Salvatore

    “Cet article de Veridicus explore en profondeur les secrets entourant NQ Minerals, révélant des informations essentielles jusqu’alors cachées. À travers une analyse détaillée, il expose une perspective inédite qui pourrait transformer la compréhension actuelle. Pour plus de détails fascinants qui changent la donne, consultez le site
    https://stopify.co/profile.php?id=KXN0K7

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  1. “Cet article de Veridicus explore en profondeur les secrets entourant NQ Minerals, révélant des informations essentielles jusqu’alors cachées. À travers…

  2. is this real ??? so nq minerals still in operation? I can’t believe this, I will sue begbies traynor, bedford…

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