OffshoreAlert
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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JAMLS Group Ltd.: License Revocation

December 11, 2019 - Public Notice by the Mauritius Financial Services Commission announcing the revocation of the "Category 2 Global Business Licence" of JAMLS Group Ltd.

Lance Ranger v. Charles Pycraft: Claim Form

November 04, 2019 - Claim Form and Particulars of Claim in Lance Dorian Ranger, of Switzerland, described as "a qualified and practising solicitor in England & Wales and the owner and Managing Director of Attendus Trust Company AG" and "founder in 2007 of the Ranger Foundation Trust, a registered Mauritian charity" v. Charles Pycraft, of London, England, at the County Court at Clerkenwell and Shoreditch, England.

BNP Paribas Jersey Trust Corp. v. Camilla de Bourbon des Deux Siciles: Contempt Judgment

October 07, 2019 - Contempt of Court Judgment in BNP Paribas Jersey Trust Corporation v. Camilla de Bourbon des Deux Siciles at the Royal Court of Jersey, in the Channel Islands.

Rishi Gupta v. New Silk Route Advisors LP et al: Complaint

October 07, 2019 - Complaint alleging "Retaliation in Violation of the Dodd-Frank" in Rishi Gupta, of New York, NY, described as "a SEC Whistleblower" v. New Silk Route Advisors LP, of the Cayman Islands; New Silk Route Partners Ltd., of the Cayman Islands; Parag Saxena, of New York, NY; New Silk Route PE Associates LP, of the Cayman Islands; New Silk Route PE Asia Fund-A LP, of the Cayman Islands; New Silk Route Asia Fund LP, of the Cayman Islands; New Silk Route Holdings LLC, of Mauritius, as Defendants, and New Silk Route Mauritius Advisors LLC, of Mauritius; Arduino Holdings Limited, of Cyprus; InGain Traders LLC, of Mauritius; South Asia Gastronomy Enterprises LLC, of Mauritius; Orisen MedTech Limited, of Mauritius; A H Holdings (BVI) Limited, of the British Virgin Islands, and A H Holdings Sarl, of Luxembourg, as Relief Defendants, at the U. S. District Court for the Southern District of New York.

Mauritius bans British accountant & local lawyer whose firm provided services to drug trafficker

October 04, 2019 - British chartered accountant David Gaskell and Mauritian lawyer Penny Hack, whose management firm provided services to British drug trafficker James Mulvey, have been banned as corporate officers in Mauritius.

Arun Panchariya et al: Disqualifications

October 03, 2019 - Notice by the Mauritius Financial Services Commission announcing the disqualifications of Varsharanee Roopun and Arun Ramswaroopji Panchariya.

Black River Trust Company Ltd et al.: Disqualification of Officers & License Revocation

October 03, 2019 - Notice by the Mauritius Financial Services Commission announcing the Revocation of the Management License of Black River Trust Company Ltd., formerly known as Grand Baie Trust Company Ltd., and the Disqualification of its Officers, Luc Allan Penny Hack, a lawyer, and David Perry Haskell, a British chartered accountant.

NY client sues offshore firms over failed Belvedere Management investments

August 30, 2019 - Thailand-based British financial adviser Paul Gambles and his MBMG Group, including firms in the BVI, Mauritius, Singapore, and Thailand, are being sued for $3.5M in Bermuda by a U.S. client whose cash was invested in funds managed by the Belvedere Management Group, whose fraudulent operations were exposed by OffshoreAlert in 2015.

Rajindersingh Borthosow: Public Notice of Cancellation of Disqualification

August 19, 2019 - Public Notice by the Mauritius Financial Services Commission regarding the cancellation of the disqualification of Rajindersingh Borthosow.

CFTC v. Yukom Communications Ltd. et al: Complaint

August 12, 2019 - Complaint for "an illegal and fraudulent 'binary options' trading scheme" involving companies in Anguilla, Bulgaria, Cyprus, Gibraltar, Israel, Malta, Marshall Islands, Mauritius, Saint Vincent and the Grenadines, and the United Kingdom in Commodity Futures Trading Commission v. Yukom Communications Ltd., of Israel; Linkopia Mauritius Ltd., of Mauritius; Wirestech Limited, d.b.a. BigOption, of the Marshall Islands; WSB Investments Ltd., d.b.a. BinaryBrook, of Anguilla, Gibraltar, St. Vincent and the Grenadines, and the United Kingdom; Zolarex Ltd., d.b.a. BinaryOnline, of the Marshall Islands; Yakov Cohen, an Israeli residing in Israel and Mauritius; Yossi Herzog, of Israel; Lee Elbaz, of Israel, currently incarcerated in the USA, and Shalom Peretz, of Israel, at the U. S. District Court for the Northern District of Illinois.

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.