This is, in my opinion, a potentially fraud case involving two foreign banks and the shareholders of one of those banks. I hope you can appreciate the fact that for the obvious reasons I can not name the banks involved or the countries. All I can say for now and publicly is that both countries are now part of the EU.
In brief, one bank bought the other, they merged and became a big bank. The third bank was the guarantor. Two of the three banks in question still exists today. I will try in brief to describe what happen but as I mentioned above I cant name the banks so I will be referring to each bank as bank A bank E and bank F (the initials of each bank). Because I can name the bank it might sounds a complicated issue but in reality is not.
The story unfolds like this: Back in 1904 bank E created a smaller bank, the bank A. In 1930’s, bank E bought bank A and consequently they merged and that means that all the money and shares went under the control of bank E.
I am not lawyer but I know that the shareholders have to be paid the current value of their shares they own or at least the money they invested. Its important to mention here that bank A was a very healthy bank with reserves in foreign currency, gold coins, bars of gold, and shares.
Now, bank F was the guarantor of the shares of the bank A and each share had an equal value of an X amount… in gold! Since then, 1930’s, the shareholders families and their descendants trying to find out what happened to their share and money. Although bank E suggests that the merge of the two banks A and E went through and completed successfully, according to the resent evidence in 2013 that never happened because the merge was never done, never completed and therefore the shareholders never got paid. One of the evidence it’s a stamp on same of the shares dated in some cases 20 years after the suggested merge!
I am not sure what is the value of each share now but I assume that after 80something years there must be “a bit” of money for each share especially when their guaranteed value was in gold! I could write a lot more but because of the nature of the case and because of an ongoing court case in the country of origin of the bank, I cant.
So, why am I bothered? Because I am a shareholder and I was wondering if there is somebody out there that can help me out on that?