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Thu May 25, 2017, 11:00 PM

Amper CEO accused of fraud in American Samoa lawsuit

Amper S.A. and its Chairman and Chief Executive Officer, Jaime Espinosa de los Monteros, have been accused of fraud, bad faith, breach of contract, and other misconduct in a $20 million lawsuit filed this week in the High Court of American Samoa by Adolfo Montenegro. Montenegro was the Chief Executive Officer of Amper’s Bluesky Pacific Group, a group of telecommunications companies in the South Pacific, from 2008-2016.

Montenegro’s lawsuit does not reference Bluesky’s lawsuit filed last week Thursday in the High court.

In a prepared statement on his lawsuit filed this week, Montenegro said, “We assert and are prepared to prove that Espinosa engaged in fraud and other deceptive conduct while carrying out his duties as President and Chairman of Amper, which is a publicly-traded Spanish corporation. His unethical and improper conduct has caused me financial and reputational harm for which I seek restitution, while also exposing the Bluesky Pacific Group to legal and possibly regulatory repercussions.”

The lawsuit, which also names American Samoa-based Bluesky Communications as a defendant, primarily addresses events of the past year, during which time Amper agreed to sell its controlling interest in the Bluesky Pacific Group to Fiji-based Amalgamated Telecom Holdings (ATH) for approximately $78.2 million.

Read more: http://www.samoanews.com/local-news/amper-ceo-accused-fraud-american-samoa-lawsuit

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