Securities Commission Proceedings
There are ongoing proceedings before the B.C. Securities Commission. We are not directly involved in those proceedings, but you can find out more by visiting the Securities Commission’s website, here. Samji Investor Questionnaire: https://classcounsel.wufoo.com/forms/samji-investor-questionnaire/
Receivership Proceedings
On April 3, 2012, a Receiver was appointed by the Court over some of Arvin Patel’s property and certain bank accounts belonging to Samji & Assoc. Holdings Inc. This appointment took place outside the Jer v. Samji action. The B.C. Securities Commission applied for the appointment of MNP Ltd. as Receiver, with the consent of Ms. Samji and Mr. Patel. It is our understanding that the Receiver’s mandate is to determine how best to use those assets to provide one source of recovery to investors.
The Receiver will continue to provide investor updates and will be involved in future proceedings. We are not directly involved in these proceedings but we continue to monitor the Receiver’s process.