TradeLabs Plc
LSE : TLAP

June 30, 2009 02:00 ET

Market Update

                                                                                     30 June 2009
                                                                                     JE00B3FMYW12

                                           TradeLabs PLC
                                  ("TradeLabs" or the "Company")
                                                 
                                           Market Update
                                                 
In  response  to  a  number of serious allegations which have recently appeared  on  the  internet
concerning  Niraj  Goel,  Chief  Executive Officer of TradeLabs,  St.  Helen's  Capital  Plc,  the
company's Corporate Adviser, commissioned an independent investigation into Niraj Goel.

After  consulting  the  governmental  authorities of  Singapore,  Dubai  and  India,  as  well  as
independent  well-informed  sources  in  each  jurisdiction,  the  Company  announces   that   the
investigation  found  no evidence to substantiate what appear to be criminal allegations  levelled
against Niraj Goel and/or TradeLabs in the internet postings.  Moreover, specific allegations were
proven to be demonstrably false.

Instead,  the investigation uncovered significant evidence of a widespread, and at times criminal,
campaign levelled against Niraj Goel, his brother Vikas Goel and their business interests.

The Directors of the Issuer accept responsibility for the contents of this announcement.



Contact details:

Company:
TradeLabs PLC
Yana Slatina                                                             0065 9372 7605

Corporate Adviser:
St Helen's Capital Plc
Mark Anwyl/Duncan Vasey                                                   020 7628 5582

Contact Information

  • TradeLabs Plc