http://www.uk.communifin.com

Davide Serra, the chief executive of the hedge fund Algebris who has advised the British government on banking, made repeated defences of Mr Terry since the short selling research group Gotham City published a report attacking Quindell’s accounting in April.

Mr Serra, who met Mr Terry on several occasions, said in June after the UK Listing Authority blocked Quindell’s admission to London’s main market that he had conducted exhaustive research and due diligence into the company.

***“There is nothing that concerns me, and everything can be explained,” Mr Serra said, adding defiantly: “We expect significant cash flow by 2015. Then we will see who is right”. ***

http://www.ft.com/cms/s/0/8c1a04c6-6f25-11e4-8d86-00144feabdc0.html?siteedition=uk#axzz3JMrUyo00