A corporate scandal is unfolding as Angela List, a former Board Member and Administration & Finance Director of BCM International Limited, faces allegations of embezzling millions of dollars from the company for personal gain between 2019 and 2020.

An internal audit conducted after her sudden resignation in October 2020 uncovered unauthorized fund transfers allegedly orchestrated by Ms. List.

She is accused of instructing a subordinate to transfer approximately $8 million from BCM International Ltd’s accounts to various entities, with no connection to company operations or legitimate business dealings.

€1.9 Million Transferred to Paul Ramlot & Corporate Legal Concept

The audit further revealed that €1,900,000 from the total amount was transferred in multiple tranches to Paul Ramlot & Corporate Legal Concept.

Investigations indicate that these funds were used to purchase Lou Moon Resort, which was registered under Notre Dame Investments Ltd, a company solely owned by Ms. List.

Discovery and Investigation Ms. List’s abrupt resignation raised suspicions, prompting an internal audit. The company’s CEO and board chairman stated they had no prior knowledge of the transactions and had not approved the transfers. Further investigations found that the transactions were falsely presented as official business expenses but were instead for personal investments.

The findings suggest a criminal misuse of company funds, violating her fiduciary duty to act in the best interest of BCM International Ltd.

BCM International Ltd to Pursue Legal Action

BCM International Ltd has vowed to take legal action to recover the misappropriated funds and seek sanctions against Ms. List.

The company plans to file complaints with relevant authorities, citing breaches of criminal law.

In response, Angela List has denied any wrongdoing, stating that she is a shareholder in the companies mentioned and has never embezzled funds.

According to her, she had instead been investing in BCM International and BCM Ghana, ensuring their financial stability.

"The matter is in court, and any public discussion prejudices the case. I do not want to add this to the ongoing defamation matter," she asserted.