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ABRAAJ Investment Management Ltd. v. Silverline Holdings Ltd.: Restoration & Winding Up Petition

October 14, 2019 - Petition for restoration and winding-up regarding a claim for $199 million in ABRAAJ Investment Management Limited (in Official Liquidation) v. Silverline Holdings Limited, whose sole shareholder was allegedly Arif Masood Naqvi, a citizen of Pakistan, at the Grand Court of the Cayman Islands.

Elko Broadband Ltd. v. Dhabi Holdings PJSC et al: Removal Petition

October 04, 2019 - Petition for Removal, including a copy of a complaint alleging securities fraud, in Elko Broadband Ltd., of Nevada v. Dhabi Holdings PJSC, of Abu Dhabi, UAE; Warid Telecom International LLC, of Abu Dhabi, UAE; Dominique Russo, "a United States Citizen who is a resident of the UAE", and Wateen Telecom Limited, of Pakistan, at the U. S. District Court for the District of Nevada.

Tethyan Copper Company Pty Ltd. v. Pakistan: Petition to Enforce Arbitral Award

August 09, 2019 - Petition to Enforce Arbitral Award of $4 billion in Tethyan Copper Company Pty Limited, of Australia v. Islamic Republic of Pakistan at the U. S. District Court for the District of Columbia.

Mubashir Ahmed Sheikh: Decision Notice

July 15, 2019 - Decision Notice by the Dubai Financial Services Authority imposing financial penalties for dishonesty on Dr. Mubashir Ahmed Sheikh regarding MAS ClearSight Ltd., of which Sheikh was chairman, director and acting Senior Executive Officer. Editor's Note: Mubashir Ahmed Sheikh currently operates CS Global Capital SA, of Switzerland, which is "a multi-line Investment Banking, Private Equity and Real Estate Advisory Business", according to its website at http://csglobalcapital.com.

PIA Investments Ltd.: Plan of Arrangement Amended Claim Form

June 27, 2019 - Amended Fixed Date Claim Form in the matter of PIA Investments Limited at the British Virgin Islands High Court.

PIA Investments Ltd.: Plan of Arrangement Claim Form

June 27, 2019 - Fixed Date Claim Form in the matter of PIA Investments Limited at the British Virgin Islands High Court.

Butterfield Fiduciary Services (Cayman) Ltd. v. Syed Arif Masood Naqvi et al: Originating Summons

June 24, 2019 - Ex Parte On Notice Originating Summons in Butterfield Fiduciary Services (Cayman) Limited, as Trustee of the Orchid II Trust v. Syed Arif Masood Naqvi, founder of the Abraaj Group and a convicted fraudster in the United Arab Emirates; Fayeeza Naqvi, Syed Ashan Ali Naqvi, and Syed Faaris Ali Naqvi, as Members of the Family Committee of the Orchid II Trust, at the Grand Court of the Cayman Islands.

Duff & Phelps MD sues ABRAAJ Investment Management in Cayman

June 20, 2019 - Duff & Phelps officer Mark Skelton, who has apparently been hired to recover assets by investors in a fund managed by $956 million-insolvent ABRAAJ Investment Management, has taken legal action in the Cayman Islands in an attempt to gain access to corporate records.

Assim Siddiqui et al v. BVI Registrar of Corporate Affairs: Restoration Application

November 12, 2018 - Fixed Date Claim Form in Assim A. Siddiqui and Sharife A. Siddiqui v. Myrna Herbert, in her capacity as Registrar of Corporate Affairs, regarding Millennium Technologies Global Limited  at the British Virgin Islands High Court.

Karkey Karadeniz Elektrik Uretim AS v. Pakistan: Complaint

June 20, 2018 - Complaint to enforce arbitration award in Karkey Karadeniz Elektrik Uretim A.S. v. Islamic Republic of Pakistan at the U. S. District Court for the District of Columbia.
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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.