Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership in January), have launched a court action in an attempt to recover their money and to discover the reasons for the group’s failure. Accountants found that the disgraced company had logged a series of false transactions estimated to amount to Ј69m. The claim has been made in a court in the British Virgin Islands. Versailles’ chief executive, Carl Cushnie, has tried and failed to have the action thrown out of court.