An OPEN LETTER to Jeremy Coller, CEO, Coller Capital, Shell’s new partner in Shell Technology Ventures Fund 1 BV
Dear Mr Coller
RE: Your purchase of a 45% holding in Shell Technology Ventures Fund 1 BV
We have published a number of news reports about your purchase of a 45% holding in the new company, Shell Technology Ventures Fund 1 BV: –
My guess is that this Easter Holiday finds you in a celebratory mood having become a partner in a company jointly owned by one of the world’s great companies – Royal Dutch Shell Plc. But is everything as it seems?
I obtained your email address from your company website because I thought it important to caution you about the possibility of legal claims over intellectual property supposedly owned by the new venture.
I base my warning on the following background information.
Firstly, we recently published an article under the headline: –
As a result, we have been contacted by a number of parties from around the world concerning litigation against Shell, including alleged theft of intellectual property. We have been supplied with copies of legal documents and proceedings currently underway. We do not know if any such litigation relates to intellectual Property which Shell Technology Ventures Fund 1 BV claims to own – you may wish to pose the question if not already raised.
Secondly, we have on several occasions found it necessary to sue Shell in the UK High Court for breach of confidence and breach of contract in respect of the theft of our own intellectual property. We have never lost a case against Shell which has spent over £1 million in compensation and legal fees to settle our claims. Right now, Shell is operating a Smart card based multi-partner loyal scheme in several counties around the globe which was originated by us. We have not received any proper payment or credit.
During the course of the various High Court Actions we brought against Shell, we found buried in a mountain of discovery documents, evidence that many other parties who had disclosed information to Shell in confidence were deliberately cheated out of intellectual property. Even worse, Shell senior management backed to the hilt the unscrupulous Shell managers involved.
We subsequently warned far and wide about the double-dealing and dishonesty of Shell management. Our warnings proved to be 100% accurate. Shell was found guilty of securities fraud by the United States Securities and Exchange Commission.
Amazingly, some of the individuals tainted by the reserves fraud and other Shell scandals, including theft of intellectual property, remain at the helm of Royal Dutch Shell Plc e.g. Malcolm Brinded, the Executive Director of Shell EP tipped to take over from Jeroen van der Veer when he retires as Shell CEO in 2009.
These are of course extremely serious allegations. If unfounded, Shell would take legal action and come down on us like a ton of bricks to defend its reputation. However, Shell knows we have concrete proof to substantiate what we say on this website which received over 2.5 million hits in March. Hence Shell is completely stumped and has to take what is being broadcast daily to our global audience. Their impotence in regard to our activities has already cost Shell billions of dollars in respect of our intervention in the Sakhalin -2 project, as publicly acknowledged by a Russian Government minister.