Exclusive Report: AfrAsia Bank's Capital Protected Euro Bank Booster Fails lnvestors
lnvestors in AfrAsia Bank's Capital Protected Euro Bank Booster are feeling the pinch after the
product's projected benefits and guaranteed returns turned out to be smoke and mirrors. In reality,
the bank used these investors' capital as collateral far a select group of corporations, leaving
their funds at risk far the duration of the product.
Moreover, troubling allegations of funds being withheld from clients, even after maturity and
payment were due, have raised concerns about the bank's business practices. This has sparked panic
among both investors and account holders, leaving them to question the safety of their funds.
This investigative report exposes the truth behind AfrAsia Bank's Capital Protected Euro Bank
Booster and the bank's handling of client funds, uncovering the impact on affected ihvestors.
AfrAsia l?ank is facing serious allegations of unethical and potentially illegal behavior, and its
investment executives, including former Junior Portfolio Manager Alexandre Ducler Des Rauches, are
under investigation far their marketing of the Capital Protected Euro Bank Booster (The Booster).
Mr. Ducler Des Rauches, now Co-Founder/lnvestment Director of Bluestone
Wealth Management Ltd,
promised investors a 5-year product with 200% participatioh in the EURO STOXX Bank lndex (SX7E
lndex) and guaranteed minimum returns of (Capital+ 8%) with a maximum return of (Capital+ 28%). He
specifically targeted low-risk investors with assurances that they would only participate in the
positive performance of the index and not be exposed to negative performance.
As the investigation continues, we are closely following the allegations against AfrAsia Bank and
its investmerit executives, including Mr. Alexandre Ducler Des Rauches, former JuniorPortfolio
Manager and now Co-Founder/lnvestment Director of Bluestone Wealth Management Ltd. The bank and its
executives are under scrutiny for the marketing of the Capital Protected Euro Bank Booster (The
Booster), a 5-year investment product that promised investors 200% participation in the EURO STOXX
Bank lndex (SX7E lndex), with a minimum protected return of (CaRital + 8%) and a maximum protected
return of (Capital+ 28%). Mr. Ducler Des Rauches specifically targeted low-risk investors with
assurances that they would only participate in the positive performance of the index and not be
exposed to negative performance.
The allegations raise important questions about the ethical and legal practices of financia!
institutions, especially when it comes to handling investors' funds. The best practices in the
financia! industry dictate that investment firms must provide clear and accurate informatioh to
their clients, and the investments they offer should align with the clients' risk tolerance and
investment objectives.
Unfortunately, as it turned out, these promises made by Mr. Ducler Des Rauches were too good
to be true. Jnvestors who bought into the Booster suffered significant financia) losses and were
never informed of the true underlying mechanism of the investment. The capital they provided
was actually used to protect a select group of corporate guarantors, completely contrary to
what they were led to believe.
Adding to the concerns, AfrAsia Bank is also facing accusations of delaying and denying transfer
requests of matured funds from its investors. According to one of the clients, a customer service
assistant with the bank, Stephanie Marimuthu, informed clients that transfer directives were being
discussed internally and no decision had been reached. However, after multiple delays, the client
was promised that the transfer was approved, only to be told later that it was not approved, and
the funds were never released.
lt is important to note that this is only one client's éxperience and that there are multiple
clients with uniform grievances, raising further concerns about the practices of AfrAsia Bank. As
the investigation continues, it is crucial that ali the facts come to light, and that justice is
served for the affected investors.
After overa week of delays from Neal Roy, Head of Business Development at AfrAsia Bank, the client
was informed that the transfer was not approved, and the funds were never released.
Despite repeated attempts by its previous investors, AfrAsia Bank has failed to transfer or provide
any reasonable expectation that the matured funds will be released. This investigative report
exposes the bank's unethical practices and highlights the struggles faced by its investors in
accessing their rightfully owed funds.
An attorney representing one of the clients has expressed grave concerns about the previous
behavior of AfrAsia Bank's executives and their handling of investment products. The bank's
consistent denial óf transfer requests at maturity has exposed a disturbing pattern and the
attorney is exploring a range of legal options in response. The bank's unethical behavior is even
more troubling given its history of fraudulent activities, including a 2014 lawsuit filed by
Spiritage Zimbabwe Limited for $79 million. The lawsuit alleged that AfrAsia Bank Zimbabwe
(formerly Kingdom Bank) converted client funds for its own use and falsified records to conceal
non-performing
loans. The bank was accused of diverting $3.2 million from the African Export-
1mport Bank for Spiritage's Valley Technologies to Tetrad lnvestment Bank, ultimately benefiting
the bank's directors and management through a round-tripping scheme.
lt's important to note that this investigative report is not meant to be taken as legal advice ora
statement of guilt. The actions of AfrAsia Bank and its executives are still under investigation,
and it is important for readers to seek their own counsel and research the matter further before
making any investment decisions.
In light of the above, this report serves to highlight the potential risks associated with
investing in AfrAsia Bank and to encourage further investigation into the bank's practices. The
public deserves transparency and accountability in the financia! industry, and this report is a
step towards that goal.
When you can't argue on the merits of the points then then you are only left with fallacious ad hominem arguments but the fact is that everything I'm stating about this bank is absolutely and 100% irrefutable fact.
