"It was, at its launch, Cherie Blair’s grand vision: a female-run investment fund to build health clinics in high streets around the world.
However, documents seen by The Telegraph show the Allele Fund, a private equity fund registered in the offshore tax haven of the Cayman Islands, is being shut down.
In all likelihood, investors who each poured hundreds of thousands of pounds into the fund will lose every penny. It is not clear how much money Mrs Blair invested personally in the scheme, but she was its co-founder and front woman, who launched the fund with great fanfare and vast ambition.
...
Dr Lese blamed The Sunday Telegraph article published in March last year for the collapse of Mee Healthcare. “A particularly harmful, deceptive and misleading article was published entitled 'Poorly start to Cherie Blair’s venture into healthcare’. In it, the newspaper published in written form and on the web multiple false statements and materially significantly misleading financial information.”
She accused this newspaper of “effectively doubling the losses” with the result that prospective investors pulled out of commitments; customers to Mee Healthcare centres dropped “substantially”; and “strategic buyers and investors” who were in negotiations all “backed out”. "
Source: Cherie Blair’s healthcare business shuts to leave investors with huge losses - Telegraph
However, documents seen by The Telegraph show the Allele Fund, a private equity fund registered in the offshore tax haven of the Cayman Islands, is being shut down.
In all likelihood, investors who each poured hundreds of thousands of pounds into the fund will lose every penny. It is not clear how much money Mrs Blair invested personally in the scheme, but she was its co-founder and front woman, who launched the fund with great fanfare and vast ambition.
...
Dr Lese blamed The Sunday Telegraph article published in March last year for the collapse of Mee Healthcare. “A particularly harmful, deceptive and misleading article was published entitled 'Poorly start to Cherie Blair’s venture into healthcare’. In it, the newspaper published in written form and on the web multiple false statements and materially significantly misleading financial information.”
She accused this newspaper of “effectively doubling the losses” with the result that prospective investors pulled out of commitments; customers to Mee Healthcare centres dropped “substantially”; and “strategic buyers and investors” who were in negotiations all “backed out”. "
Source: Cherie Blair’s healthcare business shuts to leave investors with huge losses - Telegraph
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