COMPANIES A second investment fund connected to Germany’s K1 Group will close and return funds to creditors and investors after its founder Helmut Kiener was arrested last month as part of an international fraud investigation.
Grant Thornton, the UK accountancy, said its subsidiary in the British Virgin Islands had been appointed to liquidate BVI-registered K1 Global, the sister fund of K1 Invest, which it was mandated to wind up last week.
