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

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USA v. Imaad Shah Zuberi: Criminal Information

October 22, 2019 - Criminal Information alleging Violations of the Foreign Agents Registration Act, Tax Evasion, and Foreign, Conduit, and Other Illegal Campaign Contributions in USA v. Imaad Shah Zuberi at the U. S. District Court for the Central District of California.

ABRAAJ Investment Management Ltd. v. Silverline Holdings Ltd.: Restoration & Winding Up Petition

October 14, 2019 - Petition for restoration and winding-up regarding a claim for $199 million in ABRAAJ Investment Management Limited (in Official Liquidation) v. Silverline Holdings Limited, whose sole shareholder was allegedly Arif Masood Naqvi, a citizen of Pakistan, at the Grand Court of the Cayman Islands.

SEC v. Telegram Group Inc. et al: TRO Motion

October 11, 2019 - Emergency Motion for Temporary Restraining Order in U. S. Securities and Exchange Commission v. Telegram Group Inc., domiciled in the British Virgin Islands, based in Dubai, and TON Issuer Inc., of the British Virgin Islands, whose "principals and owners are citizens of Russia and St. Kitts and Nevis", at the U.S. District Court for the Southern District of New York.

SEC v. Telegram Group Inc. et al: Complaint

October 11, 2019 - Complaint to stop an "illegal offering of digital-asset securities" involving entities and parties in the British Virgin Islands, Cayman Islands, and Dubai in U. S. Securities and Exchange Commission v. Telegram Group Inc., described as a British Virgin Islands-domiciled, Dubai-based company owned by Pavel Durov, "a Russian and St. Kitts and Nevis citizen", and TON Issuer Inc., of the British Virgin Islands, at the U.S. District Court for the Southern District of New York.

Khaled Saffuri v. Al Arabiya et al: Defamation Complaint

October 07, 2019 - Complaint for damages of $4.5 million alleging defamation regarding the murder of journalist Jamal Khashoggi, in Khaled Saffuri, a resident of Virginia, USA described as "a human rights advocate and close personal friend of the late journalist Jamal Khashoggi" v. Al Arabiya, Al Arabiya Al Hadath, and Saudi 24 TV, each described as "a broadcast television station owned by the Kingdom of Saudi Arabia", and Othman Omar, described as a citizen of Dubai and "an on-air journalist", at the U. S. District Court for the District of Columbia.

LA Aviation FZE v. Prince Abdul Aziz bin Turki al Saud: Complaint

September 30, 2019 - Complaint for $500,000 alleging breach of contract in L.A. Aviation FZE, of Dubai v. Prince Abdul Aziz bin Turki al Saud, of Dubai, at the U. S. District Court for the Southern District of New York.

Sinnalba Group Ltd. et al v. Dirk van Daele: Writ of Summons

September 06, 2019 - Writ of Summons in Sinnalba Group Limited, "a consultancy business" based in Scotland, and Dinosco Group Limited, of the Cayman Islands v. Dirk van Daele, of Switzerland, at the Grand Court of the Cayman Islands.

ED&F Man Capital Markets Ltd. v. Straits (Singapore) Pte Ltd.: Judgment

August 29, 2019 - Grounds of Decision in ED&F Man Capital Markets Ltd., described as "a global brokerage and financial services business with headquarters in England and offices in Dubai, Hong Kong, Switzerland and the US" v. Straits (Singapore) Pte Ltd. at Singapore High Court.

SEC v. Morrie Tobin et al: First Amended Complaint

August 29, 2019 - First Amended Complaint alleging securities fraud regarding Environmental Packaging Technologies Holdings, Inc. and CURE Pharmaceutical Holding Corp. in U. S. Securities and Exchange Commission v. Morrie Tobin, a resident of Los Angeles, California; Milan Patel, a resident of Miami, Florida; Matthew Ledvina, an attorney residing in Switzerland; Daniel Lacher, a resident of Switzerland; Brian Quinn, a resident of Newport Beach, California, and David Skriloff, a resident of New York, at the U. S. District Court for the District of Massachusetts.

Jetcraft Corp. et al v. Sovereign Financial Holdings Ltd. et al: Complaint

August 22, 2019 - Complaint in Jetcraft Corporation, as Beneficial Owner, of North Carolina, and TVPX Aircraft Solutions Inc., as Owner Trustee under the Jetcraft Stone Briar Challenger 605-5899 Business Trust, of Utah v. Sovereign Financial Holdings Limited, of Dubai; Caverton Offshore Support Group Plc, of Nigeria, and Adeniyi Makanjuola, of London, England, at the Supreme Court of the State of New York, New York County.

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.