Help For Vashi Diamonds Investors

Richardson Hartley Law is examining how to help Vashi diamonds scam victims.

Investors lost tens of millions of pounds when the company collapsed and the liquidator found relatively tiny amounts of assets.

The sophisticated fraud conned many highly sophisticated investors to individually part with millions of pounds.

We believe that a certain amount of money can be claimed through the bank reimbursement scheme.

However, we are aware that for a large number of investors the reimbursement scheme is very limited both in its scope and the amounts that can be recouped.

As a result of these limitations we are looking at a number of different opportunities to help Vashi diamond scam victims to retrieve their lost funds.

Martin Richardson, senior partner at Richardson Hartley Law, said: “This was a highly sophisticated scam that convinced experienced investors to part with significant sums of money.

“While we believe that the bank reimbursement scheme will have a role to play in helping to recoup money we appreciate that for many investors this will be relatively small compensation. As a result of this we are exploring a number of alternative ways to help retrieve the lost money.”

Richardson Hartley Law is able to often no-win, no-fee agreements for many claimants.

Reclaim Money Lost To Vashi Diamonds Scam

Richardson Hartley Law is looking at a variety of ways to help investors who lost money in the Vashi diamonds scam.

We are able to recover money via the banks’ fraud reimbursement schemes and are also looking at group litigation.

Richardson Hartley Law is investigating how it can help investors who have lost money in the Vashi Diamonds Scam.

When the luxury jewellery business collapsed in 2023 with £170m worth of debts it became clear that the whole venture was a fraud.

Diamond dealer Vashi Dominguez duped scores of investors into handing over millions of pounds with the promise that the retail chain held £157m worth of stock. The liquidation process revealed that the true worth of the remaining diamonds was around £100,000. Accounts filed at Companies House claimed sales of more than £100 million in 2021, but internal documents showed the real sales figures that year were only £5 million

Staff at the stores were told to pose as customers to help trick investors into parting with money.

The scam involved Dominguez creating detailed business plans and accounts to help convince investors that the brand, Vashi, represented a great investment opportunity.

High profile investors such as mobile phone billionaire, John Caudwell, and the former boss of sandwich chain Pret a Manger, Clive Schlee, fell victim to the sophisticated Vashi diamonds scam.

The Serious Fraud Office (SFO) previously ignored reports from a whistleblower that the venture was a scam a year before the business collapsed.

Dominguez remains at large after fleeing the UK for Dubai the day the company collapsed.

It is understood that the SFO is still refusing to investigate the alleged scam, claiming that it does not meet their criteria as a complex economic crime. Similarly, it is believed that Metropolitan Police, as of the start of 2026, had not launched an investigation as they had not received a formal referral from the liquidators or the Insolvency Service.

At Richardson Hartley Law we have a proven track record of helping clients who have lost money through fraudulent investment schemes to successfully recover their money.

We are examining a number of options to see how we can help investors to recover money lost in the Vashi diamonds scam. This includes using the banks’ fraud reimbursement schemes and wider group litigation claims.

Richardson Hartley Law is able to represent some clients on a no win, no fee basis.

Help For Vashi Diamonds Investors

Richardson Hartley Law is examining how to help Vashi diamonds scam victims.

Reclaim Money Lost To Vashi Diamonds Scam

Richardson Hartley Law is investigating how it can help investors who have lost money in the Vashi Diamonds Scam.

Fraud Reclaim Form
No Win, No Fee.

How much have you lost ?

* Unfortunately, we can only accept claims of £5,000 or more *

Was the money transferred FROM a UK bank account?

* Unfortunately we can only accept claims of this amount with transfers FROM UK bank accounts *

When did you make the last bank transfer?

When did you make the last bank transfer?

Prefer To Speak To Us?

Email enquiries@rhlaw.co.uk or CALL 0333 0033218

Help For Vashi Diamonds Investors

Richardson Hartley Law is examining how to help Vashi diamonds scam victims.

Reclaim Money Lost To Vashi Diamonds Scam

Richardson Hartley Law is investigating how it can help investors who have lost money in the Vashi Diamonds Scam.

Fraud Reclaim FormNo Win, No Fee.

How much have you lost ?

* Unfortunately, we can only accept claims of £5,000 or more *

Was the money transferred FROM a UK bank account?

* Unfortunately we can only accept claims of this amount with transfers FROM UK bank accounts *

When did you make the last bank transfer?

When did you make the last bank transfer?

Prefer To Speak To Us?

Email enquiries@rhlaw.co.uk or CALL 0333 0033218

Fraud Reclaim Form
No Win, No Fee.