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Qatar Financial Centre Authority v. Encryptics Data Security LLC: Judgment

June 10, 2021 - Judgment in Qatar Financial Centre Authority v. Encryptics Data Security LLC at the Qatar International Court.

Diligence Global Business Intelligence v. Michael Holtzman: Order Denying Discovery Application

May 27, 2021 - Opinion and Order denying an application by Diligence Global Business Intelligence SA to take discovery from Michael Holtzman, described as "a New York resident and public relations professional", for use in legal proceedings in England and Switzerland involving DGBI's investigation into "allegations of corruption and money laundering in connection with the 2022 World Cup in Qatar" on the grounds that the discovery application "was brought in bad faith or unreasonably seeks irrelevant materials", filed at the U. S. District Court for the Southern District of New York.

Swiss intelligence firm Diligence Global seeks evidence in NY for 'Qatar World Cup surveillance' litigation

April 19, 2021 - Investigative firm Diligence Global Business Intelligence is seeking a declaration from a Swiss court that it did not act illegally when conducting surveillance on British firm Cornerstone Global Associates for an investigation into suspected corruption regarding the 2022 World Cup in Qatar, it has emerged in a New York discovery application

Diligence Global Business Intelligence v. Michael Holtzman: Discovery Application

April 19, 2021 - Application by Diligence Global Business Intelligence SA, described as "a Swiss company located in Geneva that specializes in intelligence services and private investigations", to take discovery from Michael Holtzman, described as "the President/Managing Partner of SECNewGate, a public relations firm based in Washington, and the President of Bellwether Strategies, a public relations firm based in New York", for use in legal proceedings in England and Switzerland involving "DGBI’s investigation into allegations of corruption and money laundering in connection with the 2022 World Cup in Qatar", filed at the U. S. District Court for the Southern District of New York.

Qatar National Bank v. Government of Eritrea et al: Complaint

February 19, 2021 - Complaint to enforce a judgment for $253 million that was entered in the United Kingdom in Qatar National Bank, of Qatar v. Government of Eritrea and State of Eritrea at the U. S. District Court for the District of Columbia.

Aycan Richards v. Nigel Perera et al: Judgment

December 14, 2020 - Judgment for the Plaintiff in the amount of QAR 392,500 in Aycan Richards, described as "a British citizen who resides in Qatar" v. Nigel Thomas Howard Perera, described as "an Australian citizen who is also a resident of Qatar", and International Financial Services Qatar LLC, of Qatar, at the Civil and Commercial Court of the Qatar Financial Centre, First Instance Circuit.

Qatar Financial Centre Regulatory Authority v. First Abu Dhabi Bank: Summary Judgment Motion

November 24, 2020 - Motion For Summary Judgment in Lieu of Complaint to enforce a judgment in the amount of QAR200 million ($54.9 million) regarding an investigation into "market misconduct" in Qatar Financial Centre Regulatory Authority v. First Abu Dhabi Bank at the Supreme Court of the State of New York, County of New York.

Qatar Investment and Projects Development Holding Company W.L.L. v. L'Etoile Royale Inc. et al: Complaint

November 10, 2020 - Complaint alleging fraud regarding the purchase of earrings for $875,000 in Qatar Investment and Projects Development Holding Company W.L.L., described as a Qatar-based "family-run investment company" represented by "His Highness Sheikh Hamad bin Abdullah Al-Thani" who is "a member of the Qatari royal family" v. L'Etoile Royale Inc., L'Etoile Royale LLC, and Garbis Dogramaciyan at the U. S. District Court for the Southern District of New York.

Anilkumar Raghavan Pattani: Disqualification

November 09, 2020 - Public Announcement by the Qatar Financial Centre that it has imposed a prohibition on Anilkumar Raghavan Pattani, who was described as "an Indian male".

Takaful International Company BSC: QAR728,000 Fine

September 27, 2020 - Press Release by the Qatar Financial Centre Regulatory Authority announcing that it has imposed a fine of QAR 728,000 on Takaful International Company B.S.C., a licensed insurer, for regulatory breaches. Editor's Note: Research by OffshoreAlert in the Qatar Financial Centre Companies Registration Office showed that Takaful International Company B.S.C. was incorporated in Bahrain on April 11th, 1989, its branch was authorized in Qatar on February 15th, 2011, and its "Principal Representative" in Qatar is Stephen Jijan.

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.