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London-based Swede Gunnar Engstrom’s BVI firm sued over apparent €1M advance-fee scam

In a case that bears the hallmarks of an advance-fee fraud, a Cyprus company that allegedly paid €1 million for a €5 million loan that never materialized has applied to liquidate the intended lender, a British Virgin Islands purported investment firm operated by London-based Swedish national Gunnar Engstrom.