R.G.I. International Limited

June 27, 2011 04:04 ET

R.G.I. International Limited: Result of Investigation

LONDON, UNITED KINGDOM--(Marketwire - June 27, 2011) - R.G.I. International Limited ("RGI" or the "Company"), the AIM listed developer of quality residential and commercial properties in Moscow and the surrounding areas, announces today that the extensive external investigation done by Skadden, Arps, Slate, Meagher & Flom (UK) LLP over six months and reviewed by two other international law firms, found no evidence to support the allegations made by Synergy Classic Limited ("Synergy") that improper payments have been made by the Company's CEO, Mr Boris Kuzinez.

The Company's management team now looks forward to focussing all its efforts on the development of the Company's projects in order to generate value for all the Company's shareholders.

Contact Information

  • RGI
    Reginald Webb
    +44 (0)785 4567 903

    Lazard & Co. Limited - Financial Adviser
    Patrick Long
    +44 (0) 207 187 2000

    Lazard & Co. Limited - Financial Adviser
    Nick Fowler
    +44 (0) 207 187 2000

    Baron Phillips Associates - Financial PR Adviser
    Baron Phillips
    +44 (0) 207 920 3161

    Shore Capital - Nominated Adviser
    Anita Ghanekar
    +44 (0) 207 408 4090

    Shore Capital - Nominated Adviser
    Edward Mansfield
    +44 (0) 207 408 4090