Investors in collapsed jeweller Vashi 'could be compensated' after watchdog ruling
A financial watchdog has ruled that investors who lost money when the jeweller Vashi collapsed can receive compensation under an anti-fraud scheme. The company folded in April 2023 with debts of £170 million, and investors, many from the Middle East , believed its diamond stock would be used to reimburse them if the company failed. But when the safes were examined, the stock was worth £114,000.…
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