The MFSA said today that it has been making enquiries with MFSP Financial Management Ltd (of Msida) to ensure that all Maltese persons who had transferred funds to EURUS Safe Fund Account 2009 1 A/S promoted by CECA Invest (of Denmark) are kept fully and regularly updated with developments. MFSP was the intermediary of CECA Invest.
Bankruptcy proceedings were initiated earlier this year in Denmark against the promoter, Per Norgaard.
The MFSA said it had communicated with the Danish financial regulator and the liquidator of the bankruptcy estate of Mr Norgaard and was helping in the identification of assets pertaining to Mr Norgaard which included a number of Maltese-registered companies.
PBS reported yesterday that Maltese investors had lost as much as €6 million in the fund promoted by CECA Invest.