Peter M. Yu, US Cartesian fund director. (Photo: Cartesian/Pescanova)
(SPAIN, 6/19/2013)
The US fund Cartesian, which controls about 5 per cent of the Galician multinational firm through the partnership Silicon Metals Holding, is determined to ascertain accountability for Pescanova’s financial scandal.
"The extent of the problem that we have begun to perceive, since we do not know how far it extends, results from a multi-year strategy that involves many people," said Peter M. Yu, managing partner and founder of Cartesian, during an interview with Expansión.
"I have conferred authority to my attorneys, Cremades & Calvo-Sotelo, to initiate criminal proceedings against the auditor...
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