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USA v. 'PetroSaudi v. PDVSA' Arbitration Funds: Forfeiture Complaint

September 16, 2020 - Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad ("1MDB"), a strategic investment and development company wholly-owned by the government of Malaysia" in USA v. All Funds Held in Escrow by Clyde & Co. in the United Kingdom as Damages for Restitution in 'PetroSaudi Oil Services (Venezuela) Ltd. v. PDVSA Servicios S.A. et al' UNCITRAL Arbitration at the U. S. District Court for the Central District of California.

Despite fraud charges, Briton Simon Hooper becomes director of 8 British firms

August 19, 2020 - Undeterred by fraud charges on which he is due to be tried in England next month, U.K. national Simon Hooper, who is part of an international gang of serial fraudsters previously exposed by OffshoreAlert, recently became a director of eight British firms.

Andrew Kornecki v. Airbus SE et al: Class Action Complaint

August 06, 2020 - Class Action Complaint involving allegations of fraud, bribery, and corruption in Andrew J. Kornecki v. Airbus SE, described as a Netherlands-based "multinational aerospace corportion, operating through its Commercial Aircraft, Defense and Space, and Helicopters divisions"; Guillaume M.J.D. Faury, Tom Enders, Dominik Asam, and Harald Wilhelm at the U. S. District Court for the District of New Jersey.

Saad Aljabri v. Mohammed bin Salman bin Abdulaziz al Saud et al: Complaint

August 06, 2020 - Complaint in Dr. Saad Aljabri, described as "a dual citizen of Malta and the Kingdom of Saudi Arabia" residing in Canada and "a 39-year veteran of the government of Saudi Arabia with expertise in national security and counterterrorism" who was allegedly the target of an "attempted extrajudicial killing" v. Mohammed bin Salman bin Abdulaziz al Saud, Prince Mohammed bin Salman Abdulaziz Foundation, d.b.a. MiSK Foundation; Bader Alasaker, Saud Alqahtani, Ahmed Alassiri, Khalid Ibrahim Algasem, Mishal Fahad Alsayed, Bandar Saeed Alhaqbani, Ibrahim Hamad Abdulrahman Alhomid, Saud Abdulaziz Alsaleh, Mohammed Alhamed, Bijad Alharbi, all of Saudi Arabia; Layla Abduljadayel, and Youssef Alrajhi, both of the United States, at the U. S. District Court for the District of Columbia.

InvestBank PSC v. Citibank et al: Discovery Application

July 24, 2020 - Application by InvestBank PSC to take discovery from Citibank N.A., Deutsche Bank Trust Co. Americas, Standard Chartered Bank,  The Bank of New York Mellon, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Wells Fargo Bank, N.A., Bank of America, N.A., HSBC Bank USA, N.A., Société Générale, BNP Paribas USA, The Bank of Nova Scotia, UBS AG, Commerzbank AG, Bank of China, New York Branch, and The Clearing House Payments Company LLC for use in "contemplated proceedings" in Dubai "against Greenline Interiors FZCO, Greenline Yacht Interiors FZCO, Samir Michael Badro, Nabila Iskandar Samir Abboud Badro, Lea Samir Badro Hamadeh, Roy Samir Badro, and Fay Badro Zakhem" involving, inter alia, companies in Bahrain, British Virgin Islands, Dubai, Germany, Lebanon, Qatar, Saudi Arabia, Syria, United Kingdom, and the USA, filed at the U. S. District Court for the Southern District of New York.

Saudi Arabia: Citizens Bank et al

July 16, 2020 - Application for the appointment of a Commissioner to collect evidence from Citizens Bank, S-Bank and JPMorgan Chase Bank - pursuant to a request for judicial assistance from Saudi Arabia - for a criminal investigation into "unknown subjects" for a suspected online romance fraud.

Sheikh Mohammed Hussain Al Moudi v. BVI Registrar of Corporate Affairs: Restoration Application

June 03, 2020 - Fixed Date Claim Form in Rock Air Inc. in Sheikh Mohammed Hussain Al Moudi v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Serious Fraud Office v. Airbus SE: Judgment

January 31, 2020 - Judgment approving a Deferred Prosecution Agreement and imposing a "total financial sanction" of €990,963,712 for suspected bribery in Director of the Serious Fraud Office v. Airbus SE at the Crown Court, in Southwark, England.

State of Qatar v. First Abu Dhabi Bank PJSC et al: First Amended Complaint

January 17, 2020 - First Amended Complaint alleging fraud regarding "brazen schemes to manipulate the markets of Qatari currency. bonds, and other financial instruments" that "arise out of an illicit blockade of Qatar by the Kingdom of Saudi Arabia, the United Arab Emirates, and the Kingdom of Bahrain, which seeks to isolate Qatar by land, air, and sea" in State of Qatar v. First Abu Dhabi Bank PJSC, of Abu Dhabi, and Samba Financial Group SJSC at the Supreme Court of the State of New York, County of New York.

Arab nations claim 'hundreds of millions of dollars are missing' from Cayman Islands fund

December 30, 2019 - In an application to take discovery from 12 US banks, a financial institution owned by six Arab nations claims that "hundreds of millions of dollars are missing" from a Cayman Islands investment fund that was set up to invest in "port-related assets around the world".

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.