Tag: Andrey Kovalchuk

On November 19, 2023, the probably last filings for the bankrupt iPayTotal Ltd were made at the UK Companies House. The liquidator Arvindar Jit Singh reported the end of the liquidation. As one of the many high-risk payment processors of the Indian Ruchi Rathor, the insolvency deprived merchants of many millions. The liquidator reports "only" around £1.9 million unsecured claims that were not paid. But insiders say it was much more. The company is dissolved!

A UK court entered an order to wind-up the iPayTotal Ltd. And then rumours relating Octapay Group to iPayTotal. Octopay's former CEO, Christian van Biezen was fired for various alleged misconduct. However, Biezen told FinTelegram that he refused to participate in the Octapay scam and was fired because of it. He claims that the economic owners behind Octapay would be identical to those behind iPayTotal. Now a new Chief Experience Officer, Davina Mungroo, has been appointed at iPayTotal.