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Article: The strange case of the vanishing order Richard Fletcher unravels the web of intrigue that surrounds a phantom pounds 20m order placed with Eagle Eye, a dotcom survivor
- Article from:
- The Sunday Telegraph London
- Article date:
- March 31, 2002
- Author:
CopyrightCopyright 2002 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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They may seem unlikely bedfellows, but a Monaco car parking
magnate, an Aim-listed technology company, a Florida-based flooring
retailer and a non-existent pounds 20m order have become the
ingredients for one of the year's most bizarre City tales.
As regulators in both the UK and the US attempt to unravel a
complex web of deals and announcements on both sides of the Atlantic,
battered investors in Eagle Eye Telematics are licking their wounds
and scratching their heads.
Eagle Eye Telematics, an Aim-quoted vehicle tracking and security
company, appears to have become unwittingly embroiled in an uproar
about an enormous order that never was, an affair that now has
regulators and investigators ...