Mazars Neville Russell

Imperial administrator bills US$1.9 million for nine months of work

April 30, 2003

Mazars Neville Russell, a firm of business advisers and accountants, has billed £1.2 million (US$1.9 million) for its first nine months as administrator of the Imperial Consolidated Group.

Asset freeze order issued against Imperial Consolidated founders

August 14, 2002

A worldwide mareva injunction has been issued in the United Kingdom against Lincoln Fraser and Jared Brook, who co-founded the fraudulently-operated Imperial Consolidated Group. The injunction freezes all personal and business assets belonging to Fraser and Brook.

Imperial Consolidated administrator awaits results of geological survey in Argentina

July 31, 2002

The results of an independent geological survey of 4.5 million acres of land in Argentina to which the Imperial Consolidated Group has mining rights are expected to be known by the end of August. They will go a long way to determining the level of dividend creditors can reasonably expect, said a spokesman for Imperial's UK-based administrator, Mazars Neville Russell.

Imperial Consolidated has debts of US$336 million

June 30, 2002

The value of mining rights in economically crippled Argentina will determine the financial condition of the Imperial Consolidated Group. More than 50 per cent of Imperial's total assets - on paper - are in holdings in mining ventures in Tucuman, said a spokesman for the group's UK-based administrator, Mazars Neville Russell Services.