Wine investment company Wine Traders International Ltd has been ordered to close in the public interest.
The High Court ruling in London followed an investigation by the Companies Investigation Branch who petitioned for closure on 4th March.
Wine Traders International Ltd was founded in September 2004 and was based in Leatherhead.
It is unclear whether the company bought all the wine it sold.
decanter.com understands that some investors received ownership certificates with rotational numbers to identify their wine, while others received certificates that provided no identification.
The police are investigating Wine Traders International along with its associated companies Assets Vin Rouge Ltd and Bradshaw & Karr.
This is the second wine investment company to be closed in the public interest this year – Elite Wine Portfolios was closed in late January.
Also the Metropolitan police have made arrests in connection with Nouveau World Wines Ltd and Finbow Wines Ltd.
The trial of four directors involved in running Bordeaux Wine Traders Ltd and International Wine Commodities is due to start new week at St Albans Crown Court.
They are charged with conspiracy to defraud and money laundering.
Written by Jim Budd
