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farmlandgrab.org | Kuramo Capital accuses Congo investment partner of looting plant


Kuramo Capital accuses Congo investment partner of looting plant
A Kuramo Capital Management LLC fund filed suit in Delaware, seeking to oust the manager of its investments in a Democratic Republic of the Congo palm oil plant over his alleged scheme to loot the business by restructuring a complex web of entities with overlapping ownership stakes.
 
Larry Seruma of Nile Capital Management LLC “has engaged in a pattern of stealing assets and opportunities rightfully belonging to Kuramo,” hiding his own “fraudulent or criminal activity,” and overseeing operations that “potentially could constitute criminal acts” under Congo law, the complaint says.
 
 
The lawsuit, made public late Tuesday in Delaware Chancery Court, concerns the control of Plantations Et Huileries du Congo SA, or PHC, a palm oil plant partly owned by a series of companies affiliated with Kuramo, Seruma, and two of his investment vehicles, Nile Global Frontier Fund LLC and KN Ag ....

United States , Democratic Republic Of The Congo , Jones Elliott , Larry Seruma , A Kuramo Capital Management , Kuramo Africa Opportunity Master Fund , Kn Agri , Nile Capital Management , Delaware Chancery Court , Nile Global Frontier Fund , Kuramo Capital , Kuramo Capital Management , Democratic Republic , Nile Capital , Plantations Et Huileries , Nile Global , ஒன்றுபட்டது மாநிலங்களில் , ஜனநாயக குடியரசு ஆஃப் தி காங்கோ , ஜோன்ஸ் எலியட் , டெலாவேர் சான்சரி நீதிமன்றம் , ஜனநாயக குடியரசு ,