Louis Group
Louis Group did not repay money we loaned to them

Louis Group did not repay 2 loans to us that matured before and in 2010. Louis Group IOM is in liquidation and PWC submitted a report based on their investigation. The report states that all investors in a certain investment was paid back in full. LGI probably conveyed this to Price Waterhouse Coopers. We were the only investors for that specific investment and i did not receive a penny. This portion of our investment portfolio and the loans makes up about half of total investment. LGI advertise the ability to supply venture capital and I asked for a small % of the money that they borrowed from us so that I may start a new business to recover from my financial losses. LGI also runs a business academy and I asked for a job. Yes, that is how broke I am now. I wrote a letter to Alan Louis earlier tonight and eagerly await answers: Where I can find the funds they claim were paid to us. 2: When Louis Group will repay the 2 loans (Alan Louis personally promised 7.10% interest - in writing). 3: If I can get some venture capital or 4: a teaching job at their business academy... My advise to people these days: Buy real estate in your own name and manage it yourself

Company: Louis Group
Country: South Africa
City: South Africa

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