OffshoreAlert
Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

ABU DHABI

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

USA v. Vasco Investments SA et al: Forfeiture Complaint

July 01, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad, a strategic investment and development company wholly-owned by the government of Malaysia"  in USA v. Funds allegedly associated with Khadem Abdulla Al Qubais, a citizen of the United Arab Emirates, held in the names of Vasco Investments Services SA, of the British Virgin Islands, and Eagle Strategic Investment Fund at Bank Privée Edmond de Rothschild, in Luxembourg, at the U. S. District Court for the Central District of California.

NMC Health Plc: Chapter 15 Petition

May 28, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in England by Richard Dixon Fleming, Mark Firmin, and Ben Cairns, as the Foreign Representatives of NMC Health Plc, described as being part of a group that is "the largest private healthcare provider in the United Arab Emirates" that is suspected of "financial irregularity" and "fraudulent behavior", at the U. S. Bankruptcy Court for the District of Delaware.

Elko Broadband Ltd. v. HaiderMota BNR et al: Notice of Removal

May 18, 2020 - Notice of Removal, including a copy of the complaint alleging professional malpractice regarding a proposed transaction involving Warid Telecom International, of the United Arab Emirates, in Elko Broadband Ltd., of Reno, Nevada v. HaiderMota BNR, described as a law firm in Pakistan, and A.F. Ferguson & Company, described as an accounting firm in Pakistan, at the U. S. District Court for the District of Nevada.

Reservation S30 Ltd. et al v. Khalaf bin Ahmed Khalaf Al Otaiba: Originating Summons

May 08, 2020 - Originating Summons in Reservation S30 Limited, Reservation Finance Limited, and Investcorp Holdings BSC, all of the Cayman Islands v. Khalaf bin Ahmed Khalaf Al Otaiba, of Sharkah, in the United Arab Emirates, at the Grand Court of the Cayman Islands.

Attorney General v. Abu Dhabi Commercial Bank PJSC, Jersey Branch: Judgment

April 14, 2020 - Judgment regarding a £475,000 fine "for failing to maintain appropriate and consistent policies and procedures relating to customer due diligence measures and risk assessment and management in order to prevent and detect money laundering" in The Attorney General v. Abu Dhabi Commercial Bank PJSC, Jersey Branch at the Royal Court of Jersey, in the Channel Islands.

Campbells v. Mara Investment Corporation SPC Ltd.: Winding Up Petition

February 27, 2020 - Winding Up Petition in Campbells, a Cayman Islands law firm v. Mara Investment Corporation SPC Limited at the Grand Court of the Cayman Islands.

Jersey AG v. Abu Dhabi Commercial Bank PJSC: Judgment

February 05, 2020 - Judgment following a guilty plea for a money laundering offense in The Attorney General v. Abu Dhabi Commercial Bank PJSC Jersey Branch at the Royal Court of Jersey, in the Channel Islands.

State of Qatar v. First Abu Dhabi Bank PJSC et al: First Amended Complaint

January 17, 2020 - First Amended Complaint alleging fraud regarding "brazen schemes to manipulate the markets of Qatari currency. bonds, and other financial instruments" that "arise out of an illicit blockade of Qatar by the Kingdom of Saudi Arabia, the United Arab Emirates, and the Kingdom of Bahrain, which seeks to isolate Qatar by land, air, and sea" in State of Qatar v. First Abu Dhabi Bank PJSC, of Abu Dhabi, and Samba Financial Group SJSC at the Supreme Court of the State of New York, County of New York.

Man Chung Tsui: Fine

December 16, 2019 - Final Notice by the Abu Dhabi Financial Services Regulatory Authority regarding a financial penalty of Man Chung Tsui, of AT Capital Markets Limited.

AT Capital Markets Ltd.: Fine

December 16, 2019 - Final Notice by the Abu Dhabi Financial Services Regulatory Authority regarding a financial penalty against AT Capital Markets Limited.
1

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

View Recent Digests

ALL ARTICLES  
Creditors apply to wind up Cayman's Obelisk Capital Management
Alleging "serious wrongdoing", two creditors claiming to be owed $448,333 under a loan bearing interest at 10% per month have applied to wind up Cayman Islands-based Obelisk Capital Management Ltd., which manages factoring and gold funds for Obelisk Global, whose directors include Jazeb Jones, who was previously dismissed as MD of a Cayman bank over his relationship with a client accused of committing a £50 million fraud.
LATEST ARTICLES & DOCUMENTS  
Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.