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Grupo Unidos por el Canal SA et al v. Autoridad del Canal de Panama: Petition to Vacate Arbitration Award

November 25, 2020 - Petition to Vacate Arbitration Award in Grupo Unidos por el Canal, S.A., of Panama; Sacyr S.A., of Spain; Webuild S.p.A., formerly Salini-Impregilo S.p.A., of Italy, and Jan De Nul N.V., of Belgium v. Autoridad del Canal de Panama, of Panama, at the U. S. District Court for the Southern District of Florida.

USA v. Nika Nazarovi et al: Indictment

September 29, 2020 - Criminal Indictment against "citizens of multiple countries, including Georgia, Latvia, Romania, Bulgaria, and Belgium" who were described as being "members of a transnational organized crime network known as 'QQAAZZ'" that "provided money laundering services to significant cybercriminal organizations that stole money from unwitting victims in the United States and abroad" involving accounts at financial institutions in Belgium, Germany, Portugal, Spain, the Netherlands, Turkey, and the United Kingdom in USA v. Nika Nazarovi, a.k.a. Nika Utiashvili, a.k.a. Mihail Atansov, a.k.a. Stefan Trifonov Zhelyazkov; Martins Ignatjevs, a.k.a. Yordan Angelov Stoyanov, a.k.a. Aleksander Tihomirov, a.k.a. Svetlin Iliyanov Asenov; Aleksandre Kobiashvili, a.k.a. Antonios Nastas, a.k.a. Ognyan Krasimirov Trifonov; Dmitrijs Kuzminovs, a.k.a. Parush Gospodinov Genchev; Valentins Sevecs, a.k.a. Marek Jaswilko, a.k.a. Rafal Szczytko; Dmitrijs Slapins, Armens Vecels, Artiom Capacli, Ion Cebanu, Tomass Trescinkas, Ruslans Sarapovs, Silvestrs Tamenieks, Andelhak Hamdaoui, and Petar Iliev at the U. S. District Court for the Western District of Pennsylvania.

Belgium v. Levi Dewaegenaere et al: Criminal Judgment

June 30, 2020 - Judgment in Belgium v. Levi Emmerik Adelin Dewaegenaere and Wouter Adrianus van Loon at the Criminal Court of Appeal, Antwerp, Belgium.

LFP I SICAV SIF SA: Shareholder Letter (April 29, 2020)

April 29, 2020 - Letter to Shareholders of LFP I SICAV SIF S.A. by David Mapley and Tudor Fedeles, who are seeking to recover assets for investors, alleging fraud.

J.P. Morgan Bank Luxembourg SA v. Laertes Holdings: Winding Up Petition

April 24, 2020 - Winding Up Petition regarding an alleged debt of $57.9 million in J.P. Morgan Bank Luxembourg SA, of Luxembourg v. Laertes Holdings, whose "ultimate beneficial owner" was identified as Matthew Sutherland, of Wootton, Warwickshire, England, at the Grand Court of the Cayman Islands.

J.P. Morgan Bank Luxembourg SA v. Odysseus III Investments LP: Winding Up Petition

April 24, 2020 - Winding Up Petition regarding an alleged debt of $47.9 million in J.P. Morgan Bank Luxembourg SA, of Luxembourg v. Odysseus III Investments LP at the Grand Court of the Cayman Islands.

Firestar Diamond Inc. et al v. Ami Modi et al: Complaint

February 25, 2020 - Complaint alleging racketeering regarding "the largest bank fraud in Indian history" and involving companies and individuals in Belgium, the British Virgin Islands, Delaware, Dubai, England, Hong Kong, New York, South Dakota, and Texas in Firestar Diamond Inc., Firestar Diamond Inc., Fantasy Inc., and Old AJ Inc., f.k.a. Jaffe Inc. v. Ami Javeri, a.k.a. Ami Modi; Purvi Mehta, a.k.a. Purvi Modi; Nehal Modi, Neeshal Modi, Central Park Real Estate LLC, Central Park South 50 Properties LLC, Trident Trust Company (South Dakota) Inc., as Trustee of the Ithaca Trust; Twin Fields Investments Ltd., Auragem Company Ltd., Brilliant Diamonds Ltd., Eternal Diamonds Corporation Ltd., Fancy Creations Company Ltd., Hamilton Precious Traders Ltd., Sino Traders Ltd., Sunshine Gems Ltd., Unique Diamond and Jewellery FZC, World Diamond Distribution FZE, Vista Jewelry FZE, Empire Gems FZE, Universal Fine Jewelry FZE, Diagems FZC, Tri Color Gems FZE, Pacific Diamonds FZE, Himalayan Traders FZE, Unity Trading FZE, Fine Classic FZE, and DG Brothers FZE at the U. S. Bankruptcy Court for the Southern District of New York.

Equity Power Fund: Shareholder Letter (January 17, 2020)

January 17, 2020 - Shareholder Letter by the Board of Directors of LFP I SICAV SIF S.A., of Luxembourg, providing an update into an investigation into Equity Power Fund for suspected fraud.

IIG Global Trade Finance Fund Ltd.: Chapter 15 Petition

January 17, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Alexander Lawson and Christopher Kennedy, of Alvarez and Marsal Cayman Islands Ltd., as the Foreign Representatives of IIG Global Trade Finance Fund Ltd. (in Official Liquidation), at the U. S. Bankruptcy Court for the Southern District of New York.

'Make my name disappear,' writes Jeff Van Rooyen

December 23, 2019 - Letter from Jeff Van Rooyen, of Belgium, requesting the removal from OffshoreAlert's website of a public warning against Best Plan SÀRL by the Swiss Financial Market Supervisory Authority.

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.

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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.