October 21, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Viking Investments Group Inc (OTCMKTS:VKIN) shares over potential securities laws violations by Viking Investments Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Viking Investments Group Inc (OTCMKTS:VKIN) concerning whether a series of statements by Viking Investments Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 7, 2016, Viking Investments Group Inc announced the resignation of Cecile Guangfang Yang as Chief Financial Officer and a member of the Board of Directors.
On October 13, 2016, Viking Investments Group Inc announced the resignation of its independent registered public accounting firm, which stated in a letter to Viking Investments Group that: (1) it believed an illegal act may have occurred; (2) its audit report on the financial statements of Viking Investments Group as of and for the year ended December 31, 2015 and its interim review for the three-month period ending September 30, 2015 should not be relied upon; and (3) Viking Investments Groups Form 10-Q for the three-month period ended March 31, 2016, and Form 10-Q for the six-month period ended June 30, 2016 should not be relied upon.

Shares of Viking Investments Group Inc (OTCMKTS:VKIN) closed on Octobr 21, 2016 at $0.18 per share.