BPC&F assigned major fraud case

Company turnaround specialist DB Consultants has drafted in Bell Pottinger Corporate & Financial for one of the UK’s largest corporate fraud investigations.

BPC&F will provide litigation support and financial media relations for the firm's probe into AIM-listed cash shell Langbar International.

Langbar claimed assets of £350m in September, but subsequent analysis has revealed the figure could be closer to £3m. Disgruntled investors include Merrill Lynch and Gartmore.

Sion Richards, partner at law firm Jones Day, is poised to launch civil proceedings to recover over £50m from founder shareholders and financial advisers in the UK and Spain. BPC&F account director Robin Tozer leads the account.

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