Coffin Admits: 'I Can't Be Sure He's Not Alive'

Mail on SundayJune 05, 2011

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Summary


IN A REMOTE corner of Borneo, controversial financier David Elias was cremated and his ashes were scattered in the tropical jungle.

While few in the City of London mourned the passing of a colourful maverick with a history of bad debts and bankruptcy, his biggest sting was disclosed just weeks after his death in May 2009.

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Extract


Coffin Admits: 'I Can't Be Sure He's Not Alive'

A massive Pounds 103 million hole was discovered in the assets of his company SLS, leading to the collapse of British investment firm Keydata. It became one of the biggest personal finance scandals of recent years, wiping out the savings of 30,000 investors.

Last week, Serious Fraud Office investigators, who h...

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