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

INDIA

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Rakesh Khatri v. Gain Bitcoin et al: Complaint

February 26, 2021 - Complaint alleging fraud involving cryptocurrencies in Rakesh Khatri, a citizen of the United States, individually and as assignee of Reshma Khatri, Abishek Raja, Amit Kushwaha, Anchit Singh, Arvind Singh Bajetha, Ashish Lal, Ashitosh Sampat Raje, Ashok Kumar, Bhagyesh Hanumante, Chakresh Jain, Dharmender Shera, Gagan Deep Joshi, Gaurav Chhabra, Girija Raman, Karthik Raman, Lalit Kumar, Lokesh Sharma, Mohamed Haneefa Kottayil, Mohit Malhotra, Mukesh Gupta, Navneet Bhalla, Nikhil Jadhav, Pritpal Singh, Raghavendra R. Athani, Sachin Chavhan, Sanchit Malik, Saurab Wadhera, Shyam Singh, Siddhant Jain, Vikash Bhagat, Yash Jain, Ismail Nadukkandyil, Aarjav Jain, Siddharth Jain, Sanjay Jain, Mayank Jain, Vivek Tiwari, Malthesha P, Shubham Gupta, Sandeep Grewal, Nitin Koshti, Abishek Chauhan, Amar Singh Chandel, Priyavardhini Venkatram, Ajay Singh, Rajbir, Moumita Das, Rajesh Mehra, P.C. Mahajan, Pooja Ahirwar, Albert Ahirwar, Rani Singh, Shyam Lal, Anjan Roy, Arvinder Pal Singh, Vipin Sahney, Arpit Jain, Mukul Gupta, Aman Singhal, Brijesh Soni, Mahesh Vittal Yadav, Aman Paharia, Sandeep Bhalla, Sanjay Ahlawat, Atul Bhalla, Deepak Kumar, Balkrishna Baburao Raje, Girija Silver, Gaurav Gupta, Skalyan, and Deepak Shukla, all citizens of India v. VariableTech Private Limited, d.b.a. Gain Bitcoin, of Singapore; Amaze Mining and Blockchain Research Ltd., of Hong Kong; GBMiners, Mineral Mining Limited Company, described as "a company located in the United Arab Emirates"; Sun & Sand Mining & Minerals Resource (UK) Limited, described as "a company located in England"; Coin Bank-Safe Bitcoin Wallet, ZebPay Exchange, a.k.a. Zebay, a.k.a. Zeb Pay, described as "a cryptocurrency exchange, virtual wallet, and/or wallet provider headquartered in Singapore with a registered office in Australia"; Amit Bhardwaj, Ajay Bhardwaj, and Hemant Bhope at the U. S. District Court for the Northern District of Indiana.

Stream TV Networks Inc.: Chapter 11 Petition

February 25, 2021 - Chapter 11 Petition by Stream TV Networks Inc., which "was founded in 2009 as a "new media" company to pursue new technologies that enhance user entertainment and communications experiences", at the U. S. Bankruptcy Court for the District of Delaware. Creditors include those from Bermuda, Dubai, England, France, Germany, Guernsey, India, Ireland, Jersey, in the Channel Islands; Italy, Kuwait, Liechtenstein, Switzerland, and Taiwan.

Seapack Investment Ltd. et al v. Sable Trust Ltd. et al: Judgment

February 15, 2021 - Judgment extending an injunction involving "three apartments in Trump Tower" in New York City in what the judge described as "a skirmish in what I suspect is a much larger dispute between two sides of the Hinduja family" in Ali Ganjaei, "as attorney in fact of Seapack Investment Ltd., and Seapack Investment Ltd., of the British Virgin Islands v. Sable Trust Ltd., Jose Guillermo Gonzalez Alvarez, Michael Kelleher, and Najib Ziazi at the British Virgin Islands High Court.

Cairn Energy Plc et al v. India: Petition to Confirm Arbitration Award

February 12, 2021 - Petition to Confirm Foreign Arbitration Award totaling $1.2 billion in Cairn Energy Plc and Cairn UK Holdings Limited, described as Scottish companies that "invested and conducted commercial oil and natural gas exploration and production activities in India for over two decades, contributing over $3 billion to the Indian economy" v. The Republic of India at the U. S. District Court for the District of Columbia.

Remcoda LLC v. Ridge Hill Trading (Pty) Ltd. et al: Complaint

February 03, 2021 - Complaint alleging a $4.6 million fraud involving Personal Protection Equipment to protect against COVID-19 in Remcoda LLC v. Ridge Hill Trading (Pty) Ltd., of Melbourne, Australia; Ataraxia Capital Partners Pty Ltd., of Sri Lanka; De Raj Group AG, of Germany; Petrichor Capital SDN BHD, of Malaysia; Petrichor Capital Trading Limited, of the United Kingdom; Vaidyanathan Mulandram Nateshan, described as a resident of India; Gayathri Vaidyanathan, described as a resident of India; Menusha Gunawardhana, described as a resident of Sri Lanka, and Vincent Fletcher, described as a resident of the United Kingdom, at the U. S. District Court for the Southern District of New York.

Daniel Snyder v. Verizon Communications Inc.: Discovery Application

January 15, 2021 - Application by Daniel Snyder, described as "a businessman and philanthropist best known for his majority ownership of the Washington Football Team", to take discovery from Verizon Communications Inc. regarding "customer" John A. Moag, Jr., described as "the principal of Moag & Co. LLC, a boutique sports investment banking firm that was engaged by the minority owners of the Washington Football Team", for use in legal proceedings in India in which Snyder has alleged defamation for "a series of false and defamatory “news” articles ... accusing Petitioner of sexual misconduct, such as involvement in sex trafficking, and a purported affiliation with sexual predator Jeffrey Epstein", filed at the U. S. District Court for the District of New Jersey.

CC/Devas (Mauritius) Ltd. et al v. Republic of India: Petition to Confirm Foreign Arbitral Award

January 13, 2021 - Petition to Confirm Foreign Arbitral Award in CC/Devas (Mauritius) Ltd., Devas Employees Mauritius Private Limited, and Telcom Devas Mauritius Limited, all of Mauritius v. The Republic of India at the U. S. District Court for the District of Columbia.

Union Bank of India (UK) Ltd. v. Wells Fargo Bank NA: Discovery Application

January 07, 2021 - Application by Union Bank of India (UK) Ltd., of England, to take discovery from Wells Fargo Bank N.A. for use in legal proceedings in England and Wales against Badrinarayanan Kothandaraman, a.k.a. Badri Kasturi, described as a citizen of India, and Satyan Katsuri, described as "an Australian citizen and an Overseas Citizen of India", for "fraud and liability under personal guarantees" totaling $6 million involving EnviroMax Pellets Inc., of Delaware, filed at the U. S. District Court for the Southern District of New York.

Saudi Prerogative Company v. Infosys Ltd. et al: Complaint

December 28, 2020 - Complaint alleging "a massive racketeering scheme" in Saudi Prerogative Company, of Saudi Arabia v. Infosys Limited and Jyoti Pawar, both of India, at the U. S. District Court for the Central District of California.

Savari Systems Pvt. Ltd. et al: Chapter 11 Petition

December 27, 2020 - Chapter 11 Petition in the matter of VTES Inc., of New York, NY; Savari Inc., of Santa Clara, CA, and Savari Systems Pvt. Ltd., of Bangalore, India, at the U. S. Bankruptcy Court for the Southern District of New York.

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

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.