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MONGOLIA

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Apex Fund Services sued over '$10M fraud' against Silk Road M3 Fund

February 24, 2019 - Apex Fund Services, its CEO, Peter Hughes, and investment firms in the Cayman Islands and Mongolia are being sued in Bermuda regarding an alleged $10 million fraud perpetrated by 46-year-old, New York-based investment manager Alisher Ali Djumanov.

The Silk Road M3 Fund v. Alisher Ali et al: Writ of Summons

February 15, 2019 - Generally Endorsed Writ of Summons in Matthew Clingerman, as Receiver of The Silk Road M3 Fund, a segregated account of Silk Road Funds Limited, v. Alisher Ali, a.k.a. Alisher Djumanov; Eurasia Capital Ltd., of the Cayman Islands; Eurasia Capital Mongolia LLC, of Mongolia; Silk Road Management Limited, of the Cayman Islands; Silk Road Finance Limited, of the Cayman Islands; Silk Road Finance Inc., formerly known as Silk Road Ventures Ltd. and formerly known as Ole Remediation Ltd., of the Cayman Islands; Apex Fund Services Ltd., of Bermuda, and Peter Hughes, of Bermuda, at Bermuda Supreme Court.

Prosperity Trust v. Silk Road M3 Fund: Receivership Application

April 10, 2017 - Receivership Application in Goodwill PTC Limited, as Trustee of The Prosperity Trust v. Silk Road Funds Limited, specifically the segregated account known as Silk Road M3 Fund, at the Bermuda Supreme Court.

Mongolian Mining Corporation: Chapter 15 Petition

March 22, 2017 - Chapter 15 for Recognition of a Foreign Main Proceeding in the Cayman Islands by Simon Conway, as the Foreign Representative of Mongolian Mining Corporation, at the U. S. Bankruptcy Court for the Southern District of New York.

Mongolian Mining Corporation: Petition

February 17, 2017 - Petition In the Matter of Mongolian Mining Corporation (in Provisional Liquidation) at the Grand Court of the Cayman Islands.

BNP Paribas Singapore v. Mongolian Mining Corp.: Winding Up Petition

July 08, 2016 - Winding Up Petition in BNP Paribas Singapore v. Mongolian Mining Corporation at the Grand Court of the Cayman Islands.

Mongolian Mining Corporation: Winding Up Petition

July 07, 2016 - Winding Up Petition In the Matter of Mongolian Mining Corporation at the Grand Court of the Cayman Islands.

Khan Resources Inc. et al v. Government of Mongolia et al: Petition to Confirm Arbitration Award

June 12, 2015 - Petition to Confirm Arbitration Award in Khan Resources Inc., domiciled in Canada; Khan Resources B.V., domiciled in the Netherlands; and CAUC Holding Company Ltd., domiciled in the British Virgin Islands v. Government of Mongolia and MonAtom LLC, domiciled in Mongolia, at the U. S. District Court for the District of Columbia.

Mountain Sky Resources Holdings Limited v. Mountain Sky Resources (Mongolia) Limited et al: Claim Form

August 21, 2012 - Claim Form in Mountain Sky Resources Holdings Limited v. Mountain Sky Resources (Mongolia) Limited, Ultra Asset International Limited, North Asia Resources Holdings Limited, and Guang Cheng Group Limited at the British Virgin Islands High Court.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory databases, 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.