Malaysia

Director Details for Megalodon Capital SPC, obtained from the Cayman Islands General Registry on February 19th, 2024.

Notice by the Labuan Financial Services Authority that "Topworth Investments Ltd, a Labuan money broker" has been petitioned into liquidation by a creditor.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Angela Barkhouse, Toni Shukla, and Carl Jackson, all of Quantuma, as the Foreign Representatives of 1MDB Energy Holdings Limited, Alsen Chance Holdings Limited, Blackrock Commodities (Global) Limited, Aabar International Investments PJS Limited, and Platinum Global Luxury Services Limited, which "formed part of the fraud perpetrated against 1 Malaysia Development Berhad, a sovereign wealth fund owned by the Malaysian Ministry of Finance, in which numerous entities and individuals formed a network to divert and distribute funds to the fraudsters who orchestrated the fraud and to individuals and/or entities connected to them", filed at the U.S. Bankruptcy Court for the Southern District of Florida.

The upcoming OffshoreAlert conference in Bangkok will feature a session by Ken Gamble of IFW Global, focusing on 'Operation Tropicana', a major operation that dismantled a billion-dollar Asian boiler room gang. Gamble will discuss the gang's operations, including how they laundered money through Hong Kong banks and evaded detection for 15 years. He will also explain how the Anti-Money Laundering unit of the Malaysian Anti-Corruption Commission helped recover millions for victims. The conference, held at the luxurious Siam Kempinski Hotel on February 28-29, includes various sessions on high-value international finance and will attract professionals from diverse fields like fraud investigation, asset recovery, banking, and law enforcement.

Public Notice by the Labuan Financial Services Authority regarding regulatory action against UW Global Inc., which is "restricted from undertaking any new business" and required "to take immediate action to honour and pay all overdue payments to its existing clients".

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Michael Green, Michael Penner, and Matthew Becker, as the Foreign Representatives of ECM Straits Fund I, LP (in Official Liquidation), ECM Straits Fund UGP I, Ltd. (in Official Liquidation, and TransAsia E-Commerce Inc. (in Official Liquidation), filed at the U.S. Bankruptcy Court for the Southern District of New York.

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 22 "Labuan Licensed Entities".

Public Notice by the Labuan Financial Services Authority that Luke Furler, of Quantuma, has been appointed as Interim Liquidator of City Credit Investment Bank Ltd.

Liquidation Petition regarding an alleged debt of $4 million and allegations of "suspicious or fraudulent activities" in Ayers Alliance Financial Group Limited, of Cyprus v. City Credit Asset Management Co. Ltd. at the Grand Court of the Cayman Islands.

Public Notice by the Labuan Financial Services Authority that "a creditor petition for the winding up of City Credit Investment Bank Limited, a Labuan investment bank, had been filed in the High Court of Sabah and Sarawak at the Federal Territory of Labuan".

Public Notice by the Labuan Financial Services Authority regarding “enforcement actions” it has taken against “Labuan Licensed Entities from December 2015 to October 2023”.

Fixed Date Claim Form regarding Global Diversified Investment Company Limited in 1Malaysia Development Berhad, of Malaysia v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Complaint in Higround Co. Ltd., of South Korea, and Higround Pte. Ltd., of Singapore v. Henry Han-Woong Lee, described as a U.S. citizen residing in New York, USA; Genesis Digital Assets Pte. Ltd., of Singapore; Genesis Group Partners LLC, Neon Partners LLC, Stonefort Consultants FZC, of Dubai, United Arab Emirates; Petra Eco Build Sdn Bhd, of Malaysia; West Ranch Capital Management, of Austin, Texas, USA; Jules Corporation, of Singapore, and Jonathan Chan, of Singapore, at the U.S. District Court for the Southern District of New York.

Public Notice by the Labuan Financial Services Authority regarding "enforcement actions" it has taken against "Labuan Licensed Entities from December 2015 to September 2023".

Forfeiture Complaint regarding virtual assets seized from accounts at Binance crypto exchange in the names of Kosit Sisawigon and Suradet Totsaponvised, both in Thailand, and Low Li Yu, in Malaysia, that "was swindled from victims through the course of an investment fraud scam" in USA v. 5,012,294.90 in TetherUS, 75,589,553.41 in Gala, 226.81 in BNB, 1,264.16 in Bitcoin, 1,495.72 in Litentry, 48,969 in Fantom, 47.17 in Ethereum, and 501.41 in BUSD at the U.S. District Court for the District of Arizona.

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. Pablo Picasso's 'Trois femmes nues et buste d'homme' drawing and All Funds and Assets on deposit in an account in the name of Glen Vine Partners Limited, of the British Virgin Islands, at ONE Swiss Bank S.A., in Switzerland, at the U.S. District Court for the Central District of California.

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 21 "Labuan Licensed Entities".

Public Notice by the Labuan Financial Services Authority regarding "enforcement actions" it has taken against "Labuan Licensed Entities from December 2015 to October 2022".

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 19 "Labuan Licensed Entities".

Petition for Court Supervision of a Voluntary Liquidation in the matter of Ayers Alliance SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Public Notice by the Labuan Financial Services Authority that City Credit Capital (Labuan) Ltd., "a Labuan money broker had been placed under liquidation by way of creditors’ voluntary winding up".

Fixed Date Claim Form in Blackstone Asia Real Estate Partners Limited (in Liquidation) v. Alsen Chance Holdings Limited and The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Petition in the matter of TransAsia E-Commerce Inc. at the Grand Court of the Cayman Islands.

Petition in the matter of ECM Straits Fund UGP I Ltd. at the Grand Court of the Cayman Islands.

Petition in the matter of ECM Straits Fund GP I LP at the Grand Court of the Cayman Islands.

OffshoreAlert is pleased to announce our first-ever Asia-Pacific conference, to be held in Bangkok on February 28-29, 2024. We're excited to be bringing our unique combination of expertise, experience, originality, contacts, and fearlessness to the region.

Petition for Court Supervision of a Voluntary Liquidation by Martin Trott, Osman Arab, and Johnathan Lai, as Joint Voluntary Liquidators of Spectra SPC (in Voluntary Liquidation), at the Grand Court of the Cayman Islands.

Complaint in Chalos & Co. P.C., a law firm in New York v. SRAM & MRAM Resources Berhad, of Malaysia; SRAM & MRAM Technologies & Resources Inc., and SRAM & MRAM Group, of Scotland, at the U.S. District Court for the Eastern District of New York.

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 15 "Labuan Licensed Entities".

List of Creditors of 'FTX Trading Ltd. et al' crypto group, filed at the U.S. Bankruptcy Court for the District of Delaware.

Public Notice by the Labuan Financial Services Authority regarding business restrictions on 11 "Labuan Licensed Entities".

Petition for the reduction of share capital in the matter of Everest Investment Holdings Limited at the Grand Court of the Cayman Islands.

Director Details for ECM Straits Fund UGP I Ltd., obtained from the Cayman Islands General Registry on October 25th, 2022.

Originating Summons in Malaysia Venture Capital Management Berhad v. ECM Straits Fund I LP, ECM Straits Fund GP I LP, and ECM Straits Fund UGP I Ltd. at the Grand Court of the Cayman Islands.

Public Notice by the Labuan Financial Services Authority listing "enforcement actions on these Labuan Licensed Entities from December 2015 to October 2022".

Complaint alleging the defendants "swindled Plaintiffs out of tens of millions of dollars in a Ponzi scheme outrageous even by Hollywood standards" in Capital Providers of Cambridge Sarnano LLC, Cambridge Sarnano Ltd., of England, and The Final Investors LLC v. Kevin Robl, Remington Chase, a.k.a. William Westwood, a.k.a. William Eliot, and Production Capital LLC at the U.S. District Court for the Central District of California.

The liquidators of eight entities in the British Virgin Islands and one in the Cayman Islands that were allegedly used to misappropriate and launder some of the proceeds of an $8.5 billion fraud involving Malaysia's 1MDB have applied for Chapter 15 recognition in the United States.

Chapter 15 Petition for Recognition of Foreign Main Proceedings in the British Virgin Islands and Cayman Islands by Angela Barkhouse, Helen Janes, and Carl Jackson, as the Foreign Representatives of Brazen Sky Limited, Aabar Investments PJS Limited, Tanore Finance Corporation, Blackstone Asia Real Estate Partners Limited, Vasco Investment Services SA, Selune Limited, Pacific Rim Global Growth Limited, and Affinity Equity International Partners Limited, and Angela Barkhouse and George Kimberley Leck, as the Foreign Representatives of Bridge Global Absolute Return Fund SPC, which were all "part of the fraud perpetrated against 1 Malaysia Development Berhad, a sovereign wealth fund owned by the Malaysian Ministry of Finance, in which numerous entities and individuals formed a network to divert and distribute funds to the fraudsters who orchestrated the fraud and to individuals and/or entities connected to them", filed at the U.S. Bankruptcy Court for the Southern District of Florida.

Public Notice by the Labuan Financial Services Authority regarding "enforcement actions" it has taken against "Labuan Licensed Entities from December 2015 to April 2022".

The liquidators of three British Virgin Islands companies that were involved in the $8.5 billion 1MDB fraud have applied for recognition in Florida as they hunt for assets that were, among other ways, allegedly siphoned off via investment funds in the Cayman Islands and Curaçao.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Helen Janes, Angela Barkhouse, and Carl Jackson, as the Foreign Representatives of SRC Strategic Resources Limited, Bright Oriande Limited, and SRC International (Malaysia) Limited, all in Voluntary Liquidation, collectively described as being "part of the fraud perpetrated against 1 Malaysia Development Berhad, a sovereign wealth fund owned by the Malaysian Ministry of Finance, in which numerous entities and individuals formed a network to divert and distribute funds to the fraudsters who orchestrated the fraud and to individuals and/or entities connected to them", at the U. S. Bankruptcy Court for the Southern District of Florida.

Complaint alleging "Defendant Remington Chase and Defendant Kevin Robl engaged in a complex scheme to defraud their investors, claiming that the funds they raised would be used to finance film projects by Plaintiff Base Media Technology Group Limited, when in fact they were siphoning off most of the funds for their own use" in Base Media Technology Group Limited, of China v. Remington 'Bill' Chase, described as "a former child actor and well-known'“bridge financier'"; Kevin Robl, Production Capital Corp., Production Capital LLC, Production Capital Entertainment Inc., Production Capital LLC, Production Capital Legacy Partners LP, Friends of Production Capital, Friends of Production Capital II LLC, The Production House Ltd., Production House of Cinema Inc., Production House International LLC, Knightsbridge Entertainment, Inc., Chasing Air Inc., Base FXD ART Production LLC, of Dubai, in the United Arab Emirates; Base FX Inc., and Base Productions Trinidad, of Trinidad and Tobago, at the U. S. District Court for the Central District of California.

Stuart Brankin appears to have left Cayman Islands corporate services provider Circumference FS after OffshoreAlert revealed allegations of fraud against one of their clients. All references to Brankin, including his name, photo, and profile, were removed from Circumference's website one day after we reported that Asia Momentum Fund, of which Brankin was a director and to which Circumference provided services, had been accused of swindling Malaysian citizens out of more than $212 million as part of a wider $4.5 billion fraud involving 1MDB.

A Cayman Islands fund allegedly swindled a British Virgin Islands investment vehicle whose ultimate investors were "citizens of Malaysia" out of more than $200 million as part of the 1MDB fraud, all while its directors, Stuart Brankin (pictured), Desmond Campbell, and Christine Godfrey, collectively received fees and expenses "totaling more than US$100,000", it has been claimed in a lawsuit.

Originating Application by Angela Barkhouse, Carl Jackson, and Helen Janes, as Joint Official Liquidators of SRC International (Malaysia) Limited (in Liquidation) and Bright Oriande Limited (in Liquidation), regarding foreign recognition at the High Court of Barbados, filed at the British Virgin Islands High Court.

Mourant Ozannes law firm has applied to liquidate MultiBank FX International Corporation in the British Virgin Islands over alleged unpaid legal fees of $77,711. The alleged debtor is part of the MultiBank Group, which claims to have companies or offices in Australia, Austria, British Virgin Islands, Cayman Islands, China, Cyprus, Egypt, Germany, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, Nigeria, Philippines, Spain, Turkey, USA, and Vietnam.

Application by Angela Barkhouse, of Quantuma (Cayman) Limited, of the Cayman Islands; Carl Jackson, of Quantuma Advisory Limited, in Southampton, England, and Helen Janes, of Hyperion Risk Solutions Limited, of the British Virgin Islands, as the Joint Liquidators of SRC International (Malaysia) Limited and SRC Strategic Resources Limited, at the British Virgin Islands High Court.

Petition for Court Supervision of a Voluntary Liquidation in SRC International (Malaysia) Limited (in Liquidation), a British Virgin Islands-domiciled company whose ultimate parent was 1Malaysia Development Berhad, a.k.a. 1MDB, until 2012, when its ownership was transferred to "the Malaysian Ministry of Finance" v. Asia Momentum Fund (SPC) Ltd. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Originating Application in Hilong Oil Service Ltd., of Malaysia v. POLY-GCL Petroleum Investments Ltd. at the British Virgin Islands High Court.

Originating Application in the matter of Navis Islamic Investment Fund (ASIA) LP at the Grand Court of the Cayman Islands.