Source: News Desk
Angela List, a former board member and Administration & Finance Director of BCM International Ltd, is at the center of an investigation into alleged unauthorized financial transactions during her tenure. The company has accused her of directing funds totaling approximately $8 million to entities with no connection to its operations between 2019 and 2020.
An internal audit conducted after Ms. List’s abrupt resignation in October 2020 uncovered the transactions, which were reportedly executed without the knowledge or approval of BCM’s CEO and board chairman. The company alleges that these transfers were for her personal benefit.
Transactions Linked to Personal Investments
A significant portion of the funds—€1,900,000—was reportedly transferred to Paul Ramlot & Corporate Legal Concept. Investigators claim these funds were used to acquire Lou Moon Resort, registered under Notre Dame Investments Ltd, a company owned by Ms. List.
Discovery and Legal Action
BCM International initiated the audit following Ms. List’s sudden departure, which raised concerns. The findings suggest that the transactions were misrepresented as official business expenses but were, in fact, directed toward personal investments.
The company has described the alleged actions as a breach of fiduciary duty and criminal misuse of company funds. BCM International has stated its intent to pursue legal action to recover the funds and seek appropriate sanctions.
While Ms. List has not publicly responded to the allegations, the company is preparing to file complaints with relevant authorities. BCM International remains committed to ensuring accountability and protecting its stakeholders’ interests.
This developing case highlights the importance of corporate governance and transparency in financial management.
Source: www.thenewindependentonline.com
