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

MAURITIUS

eMail Alerts  

Sign-Up for eMail Alerts

RSS Feed  

Subscribe to feed

Nirvi Management Ltd. et al: Liquidator Change

October 20, 2020 - Communiqué by the Mauritius Financial Services Commission that Bhavish Bhooshan Ramdhony has been appointed as the liquidator of Nirvi Management Ltd. and Lotus Fund Ltd., replacing Mohammad Reaz Emambocus.

Emerging Markets Investment Fund IA: License Suspension

October 16, 2020 - Public Notice by the Mauritius Financial Services Commission that it has suspended the "Global Business Licence" and "authorisation to operate as a CIS and Expert Fund" of Emerging Markets Investment Fund IA. Editor's Note: Research by OffshoreAlert in the Corporate and Business Registration Department in Mauritius showed that Emerging Markets Investment Fund IA was incorporated on February 10th, 2015, its sole director is Sahjahan Ally Nauthoo, its sole shareholder is Emerging India Fund Management Ltd., and its "Management Company" and secretary is Trident Trust Company (Mauritius) Limited.

Emerging India Fund Management Ltd.: License Suspensions

October 16, 2020 - Public Notice by the Mauritius Financial Services Commission that it has suspended the "Global Business Licence" and "CIS Manager Licence" of Emerging India Fund Management Ltd. Editor's Note: Research by OffshoreAlert in the Corporate and Business Registration Department in Mauritius showed that Emerging India Fund Management Ltd. was incorporated on May 19th, 2008, its directors are Antish Bundhun and Ashis Teemulsingh Luchowa, and its secretary is Trident Trust Company (Mauritius) Limited.

USA v. Elliott Broidy: Criminal Information

October 06, 2020 - Criminal Information alleging conspiracy to violate the Foreign Agents Registration Act regarding lobbying the U.S. Government "to drop or otherwise favorably resolve its matters against Foreign National A for his role in the embezzlement of billions of dollars from 1 Malaysia Development Berhad" and, separately, "to arrange for the removal and return of People's Republic of China National A - a citizen of the PRC living in the United States - all on behalf of Foreign National A" in USA v. Elliott Broidy at the U. S. District Court for the District of Columbia.

Jean-Claude Bastos: Disqualification Cancellation

October 01, 2020 - Public Notice by the Mauritius Financial Services Commission that the corporate disqualification of Jean-Claude Bastos, a Swiss-Angolan businessman, "has been cancelled on the 22nd September 2020 by the Financial Services Review Panel" and that the FSC "being dissatisfied" with the FSRP's decision "has decided to apply to the Supreme Court for a judicial review".

Changshouhua Food Company Ltd.: 'Scheme of Arrangement' Petition

September 24, 2020 - Petition for the Court's sanction of a Scheme of Arrangement to privatize and de-list from the Hong Kong Stock Exchange in the matter of Changshouhua Food Company Limited, a Cayman Islands company based in Hong Kong that is "engaged in the production and sale of edible oil, crude oil and corn meal", at the Grand Court of the Cayman Islands.

Abdulhameed Dhia Jafar v. ABRAAJ Holdings et al: Complaint

September 13, 2020 - Writ of Summons and Statement of Claim for at least $267 million alleging "systematic fraud" in Abdulhameed Dhia Jafar, of Sharjah, in the United Arab Emirates v. ABRAAJ Holdings (in Official Liquidation), GHF General Partner Limited, as General Partner of GHF Fund LP, formerly Abraaj Growth Markets Health Fund LP, and GHF Fund (B) LP, formerly Abraaj Growth Markets Health Fund (B) LP; The GHF Group Limited, formerly The Abraaj Healthcare Group Limited, and Abraaj General Partner VIII Limited, as General Partner of Neoma Private Equity Fund IV LP, formerly Abraaj Private Equity Fund IV LP, all of the Cayman Islands, at the Grand Court of the Cayman Islands.

Century Global Ltd.: License Suspension

September 01, 2020 - Public Notice by the Mauritius Financial Services Commission that it has suspended the CIS Manager License of Century Global Ltd. Editor's Note: Research by OffshoreAlert in the Corporate and Business Registration Department for Mauritius showed that Century Sharia Fund Ltd. was incorporated on April 10th, 2014, its sole director is Shah Nawaz Abdool Rahim Paraouty, of Mauritius, its management company is Bramer Global Services Ltd., and its sole shareholder is Century Banking Corporation Ltd.

Century Sharia Fund Ltd.: License Suspension

September 01, 2020 - Public Notice by the Mauritius Financial Services Commission that it has suspended the Collective Investment Scheme license of Century Sharia Fund Ltd. Editor's Note: Research by OffshoreAlert in the Corporate and Business Registration Department for Mauritius showed that Century Sharia Fund Ltd. was incorporated on May 19th, 2014, its sole director is Shah Nawaz Abdool Rahim Paraouty, of Mauritius, and its sole shareholder is Century Global Ltd.

Century Banking Corporation Ltd.: License Revocation

September 01, 2020 - Public Notice by the Mauritius Financial Services Commission that it has revoked the Islamic Banking License of Century Banking Corporation Ltd. Editor's Note: Research by OffshoreAlert in the Corporate and Business Registration Department for Mauritius showed that Century Banking Corporation Ltd. was incorporated on May 21st, 2008, its directors are Charles Mark Broadley, of Hong Kong; Waleed Qassim Bangash, of Bahrain; Shakil Ibrahim Moollan, Rajendra Kumar Ujoodha, and Muhammad Houmayd Sulleman Rawat, all of Mauritius, and its shareholder is CBC Capital Limited, of Hong Kong. Research in the Hong Kong Companies Registry showed that the sole director of CBC Capital Limited is Charles Mark Broadley and its sole shareholder is Oryx Investment Limited, of Hong Kong, and that the sole director of Oryx Investment Limited is Kenneth Richard Wyness, a citizen of South Africa residing in Mauritius, and its sole shareholder is Ghanim Saad M. Alsaad Al-Kuwari, of Qatar. Charles Broadley ceased being a director of Oryx Investment Limited on July 31st, 2019.

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

BAHAMAS  
BERMUDA  
BRITISH VIRGIN ISLANDS  
CAYMAN ISLANDS  
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.