TGI AG to liquidate Liechtenstein operations amid regulator crackdown

Helmut Kaltenegger, the main shareholder of TGI AG, announced in a video conference that the company will cease its business in Liechtenstein and liquidate by 31 July 2026, with plans to shift activities to a Mauritius‑registered entity. The Liechtenstein Financial Market Authority (FMA) issued an order on 26 May 2026 requiring TGI to stop offering the products “Customer Basic 2 %”, “Sales Premium” and “Sofortrabatt” and to return foreign funds within four months. Germany’s BaFin prohibited the public offering of the same products in April 2026 and on 19 June 2026 ordered TGI to immediately halt its unlicensed deposit business and to begin liquidation. Legal experts warned German investors that the regulator orders do not guarantee automatic refunds; clients must decide whether to await payouts or consent to a transfer of contracts to the Mauritius entity and must actively protect their claims.