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    London Capital & Finance administrators sue 13 executives for £178m in case set to trigger further claims

    One of the biggest lawsuits against the alleged perpetrators of a retail investment scandal has been launched in the High Court with 13 businessmen being sued for £178 million over the alleged fraud at London Capital & Finance. The move, launched by administrators acting for the 11,600 people who bought bonds in LCF, is set to trigger a flurry of other legal actions over failed investments made by pensioners in other companies allegedly connected to aspects of the LCF scandal. These include investors who lost money on a big hotel scheme in the Dominican Republic called El Cuype and a Cornish holiday park, Waterside. High profile City businessman Simon Hume-Kendall,…

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