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MALAYSIA

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USA v. Property in France: 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. Real Property Located in Paris, France Titled In The Name Of Ave Raphael (Paris) SCI at the U. S. District Court for the Central District of California.

USA v. Jean-Michel Basquiat's 'Self-Portrait' Drawing: 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. One Drawing Entitled 'Self-Portrait' by Jean-Michel Basquiat, "previously owned by Christopher Joey McFarland", a co-producer of 'The Wolf of Wall Street' movie, at the U. S. District Court for the Central District of California.

USA v. Andy Warhol's 'Campbell's Soup' Painting 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. One Painting Entitled 'Colored Campbell's Soup Can (Emerald Green), 1965' by Andy Warhol and One Painting entitled 'Vétheuil au Soleil' by Claude Monet, both "currently located n Switzerland", at the U. S. District Court for the Central District of California.

USA v. Andy Warhol's 'Round Jackie' Portrait: 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. One Portrait Entitled 'Round Jackie' By Andy Warhol, "previously owned" by Kasseem Dean, a.k.a. Swiss Beatz, a hip hop musician residing in New Jersey, that is "currently in the custody of the United States Marshals Service" at the U. S. District Court for the Central District of California.

USA v. River Dee International SA: 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 associated with Jasmine Loo Ai Swan, a citizen of Malaysia, in the name of River Dee International SA, of the British Virgin Islands, at Falcon Private Bank Ltd., in Switzerland, at the U. S. District Court for the Central District of California.

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.

Chen Khai Voon v. Agathis Management Ltd.: Stop Notice Re. Shares in Agathis One Ltd.

May 27, 2020 - Stop Notice by Chen Khai Voon, of Malaysia, regarding shares in Agathis One Ltd. owned by Agathis Management Ltd., filed at the Grand Court of the Cayman Islands.

1MDB: $300M Repatriation

April 14, 2020 - News Release by the U. S. Department of Justice announcing that "U.S. Repatriates $300 Million to Malaysia in Proceeds of Funds Misappropriated from 1Malaysia Development Berhad".

YS GM Marfin II LLC et al v. The Clearing House Payments Company LLC et al: Discovery Application

April 03, 2020 - Application by YS GM Marfin II LLC, YS GM MF VII LLC, YS GM MF VIII LLC, YS GM MF IX LLC, and YS GM MF X LLC to take discovery from The Clearing House Payments Company LLC, Bank of America, Bank of China, The Bank of New York Mellon, BNP Paribas USA, Citibank, Commerzbank AG, Deutsche Bank Trust Company Americas, HSBC Bank USA, JPMorgan Chase Bank, Societe Generale, Standard Chartered Bank, UBS AG, and Wells Fargo Bank for use in "pending and contemplated proceedings" in England, Malaysia and other countries regarding "a brazen $89.2 million multinational maritime fraud" allegedly by Muhammad Tahir Lakhani, and his two sons, Muhammad Ali Lakhani and Muhammad Hasan Lakhani, who are described as "British and Pakistani dual nationals ordinarily resident in England, Pakistan and//or the United Arab Emirates", and involving several jurisdictions, including Nevis, Marshall Islands, Palau, and Panama, filed at the U. S. District Court for the Southern District of Florida.

Lion Diversified Holdings Berhad: Chapter 15 Petition

March 18, 2020 - Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Malaysia by Datuk Tee Guan Pian, of UHY Advisory, as the Foreign Representative of Lion Diversified Holdings Berhad, at the U. S. Bankruptcy Court for the Central District of California.

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.