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Invescap CEO, Marc-André Pépin announces Grand Court of the Cayman Islands' petition withdrawal order

Claims of fraud made by former fund personnel, SPI Investment Fund, deemed to be unfounded.GENEVA, Aug. 9, 2022 /PRNewswire/ -- Swiss investment firm, Invescap SA, has announced the unequivocal dismissal of a petition alleged against it and CEO Marc-AndrA© PA©pin, by former fund personnel.After rigorous scrutiny from both the Cayman Islands Monetary Authority (CIMA) and the Grand Court of the Cayman Islands, the petition logged against the company was deemed to be unfounded.The petition, reviewed and ordered by the Hon. Justice David Doyle, was therefore withdrawn on 8 July 2022.Commenting on the withdrawal of the petition, asset management specialist and CEO of Invescap, Mr. PA©pin said: "The termination of a directorship contract is always unfortunate, but the long-term security of our client's investments has always been our top priority."
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