Taking Stock - Has Capt Bob been born again?
For those seeking funds hidden by Capt Bob, the Maxwell Bureau de Change in the small bush town of Arusha, Tanzania – featured in TS this summer – may seem a good place to start. It’s hard to locate, just like the millions Maxwell ‘borrowed’. This year partners at PwC, which audited his empire, may have wished for a similar hiding place as they have borne the brunt of creditors’ fury. The firm took a £3.5m hit after a JDS ruling and paid out £68m to administrators of the big man’s estate. Capt Bob has taken his last dive, but PwC is still caught in the ripples and facing another £600m claim.