United Arab Emirates

Writ of Summons and Statement of Claim in The Port Fund LP, of the Cayman Islands, and General Retirement and Social Insurance Authority, of Qatar v. Walkers (Dubai) LLP, a Dubai-based law firm, at the Grand Court of the Cayman Islands.

Transcript of evidentiary hearing on a motion by Brandon Ng and Cookie Choi to dissolve an asset freeze injunction in Steven Paul Kowalski, a citizen of Australia residing in Dubai, United Arab Emirates v. Binance Holdings Ltd., of the Cayman Islands; BAM Trading Services Inc., d.b.a. Binance US, of Delaware; Binance Asia Services Pte Ltd., of Singapore; Payward Inc., d.b.a. Kraken; Payward Ventures Inc., of Delaware; Brandon Chun Yin Ng, described as a citizen of the United States residing in Texas; Hiu Lam Cookie Choi, described as a citizen of Hong Kong residing in Texas; Wai Kit Lo and Lee Kei Lau, described as citizens and residents of Hong Kong; Nurlan Neqmat Ogly Guliev and Oksana Aleksandrovna Dolgopolova, described as citizens and residents of Russia, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Order dissolving freeze injunction against Brandon Ng and Cookie Choi in Steven Paul Kowalski, a citizen of Australia residing in Dubai, United Arab Emirates v. Binance Holdings Ltd., of the Cayman Islands; BAM Trading Services Inc., d.b.a. Binance US, of Delaware; Binance Asia Services Pte Ltd., of Singapore; Payward Inc., d.b.a. Kraken; Payward Ventures Inc., of Delaware; Brandon Chun Yin Ng, described as a citizen of the United States residing in Texas; Hiu Lam Cookie Choi, described as a citizen of Hong Kong residing in Texas; Wai Kit Lo and Lee Kei Lau, described as citizens and residents of Hong Kong; Nurlan Neqmat Ogly Guliev and Oksana Aleksandrovna Dolgopolova, described as citizens and residents of Russia, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

The bankruptcy trustees of London-based Russian suspected fraudster Anatoly Motylev are seeking records from seven banks in New York as they hunt for the "billions of Rubles" he is accused of misappropriating from failed Russian banks and pension funds he once controlled.

Administrative Order by the Commodity Futures Trading Commission imposing a fine of $100,000 on Kunal Bansal, Vinit Agarwal, Aralia Securities Ltd., described as "a "family office" investment entity, based in Hong Kong", and Vintage Bullion DMCC, described as "a commodities-trading company, based in Dubai, UAE".

Application by Kevin Hellard and Jonathan Thielmann, as Joint Trustees in the English bankruptcy proceedings of Anatoly Leonidovich Motylev, who "is responsible for the collapse of several Russian banks and pension funds that he controlled and has been held liable for these institutions’ debts as a result of the fraud he and his associates perpetrated", to take discovery from Bank of America NA, Citigroup Inc., JPMorgan Chase Bank N.A., HSBC Bank, Bank of New York Mellon Corporation, Standard Chartered Bank, Deutsche Bank Trust Company Americas, and Commerzbank AG for use in Motylev's "English bankruptcy proceedings", filed at the U. S. District Court for the Southern District of New York. The alleged fraud and money laundering scheme involves entities and accounts in several jurisdictions, including Austria, Belize, British Virgin Islands, Cayman Islands, Cyprus, England, Germany, Latvia, Liechtenstein, Luxembourg, Marshall Islands, Panama, Russia, Scotland, Seychelles, Switzerland, Turkey, United Arab Emirates, and USA, it was stated in the application.

Judgment regarding Plaintiff's application for leave to amend his Statement of Claim regarding an alleged $267 million fraud in Abdulhameed Dhia Jafar, of Sharjah, in the United Arab Emirates v. ABRAAJ Holdings (in Official Liquidation), GHF General Partner Limited, as General Partner of GHF Fund LP, formerly Abraaj Growth Markets Health Fund LP, and GHF Fund (B) LP, formerly Abraaj Growth Markets Health Fund (B) LP; The GHF Group Limited, formerly The Abraaj Healthcare Group Limited, and Abraaj General Partner VIII Limited, as General Partner of Neoma Private Equity Fund IV LP, formerly Abraaj Private Equity Fund IV LP, all of the Cayman Islands, at the Grand Court of the Cayman Islands.

Re-Amended Writ of Summons in Kuwait Ports Authority, The Public Institution for Social Security, and The Port Fund LP v. Port Link GP Ltd., of the Cayman Islands; Mark Eric Williams, described as a citizen of the United States residing in Georgia, USA; Wellspring Capital Group Inc., of Georgia, USA, and KGL Investment Company Asia, of the Cayman Islands, at the Grand Court of the Cayman Islands.

Second Amended Complaint alleging fraud in Joseph Greco, as the substituted party for The Evolant Blind Trust v. SION Trading FZE, of Dubai, in the United Arab Emirates; Scotia International of Nevada Inc., of Utah; Max Warren Barber, of Utah; SubGallagher Investment Trust, of Wyoming; Patricia Moore, of Wyoming, individually and as Trustee of SubGallagher Investment Trust, and Michael A. Casey, of Texas, at the U. S. District Court for the District of Utah.

Decision Notice by the Dubai Financial Services Authority imposing a fine of US$210,000 on fund manager Equitativa (Dubai) Limited for regulatory breaches and an Enforceable Undertaking by the company.

Motion for Summary Judgment for $9.3 million in Lieu of a Complaint in Credit Europe Bank (Dubai) Ltd. v. Bavaguthu Raghuram Shetty, a citizen of India residing in Abu Dhabi, United Arab Emirates, at the Supreme Court of the State of New York, County of New York.

Freezing Order in Sandra Holding Ltd., of the Cayman Islands, and Nuri Musaed Al Saleh, of Kuwait v. Fawzi Musaed Al Saleh, Ahmed Fawzi Al Saleh, Yasmine Fawzi Al Saleh, and Farah El Merabi, all of Kuwait, at the Dubai International Financial Centre Courts.

In a legal action in which he is seeking $395 million in damages for an alleged fraud involving a cryptocurrency scheme, Canadian Troy Hogg claims two Americans "misappropriated" $250,000 he gave them in 2019 to try to obtain a bank license in Bermuda, OffshoreAlert can reveal.

Summons With Notice for damages of $395 million alleging fraud and misappropriation regarding a cryptocurrency scheme in Troy James Hogg, a citizen of Canada, individually, and Leila Holdings Ltd., of Bermuda, derivatively on behalf of Arbitrade Ltd., also of Bermuda v. Stephen Lance Braverman, Kent Mason Swig, Dignity Mining Group LLC, Charles Hamlin Woodworth, Daniel Francis Sweet, Coinmint LLC, of Puerto Rico; Prieur Leary, Hayden Gill, Max Warren Barber, William Richard Saunders, Shaun L. Heseltine, ABCOR International Ltd., of Belize; Scotia International of Nevada Inc., of Utah; SION Trading FZE, of the United Arab Emirates; Jeffrey Muller, Victor George Webb, G4S Cash Services LLC, of the United Arab Emirates; Peter Walters, Kaled Swlaiman Salem Bokhem, Silver Estate Management Ltd., of Wyoming; E. Warren Goss, and Impact Partners, of New York, at the Supreme Court of the State of New York, County of New York.

Dubai Financial Service Authority's "Clarification regarding the regulatory status" of Coworth Investments Ltd., Coworth Fintech Ltd., and Novus Fintech Ltd. Editor's Note: As previously reported by OffshoreAlert, Coworth and Novus are part of a group controlled by British fraudster Richard Fagan.

Order granting a Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Eleanor Fisher, of the Cayman Islands, and Hani Bishara, of the United Arab Emirates, as the Foreign Representatives of Universal Enterprises Ltd. (in Official Liquidation), described in the petition as "an investment vehicle for six brothers [from Kuwait] for the purpose of making investments in the United States", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Order granting a motion by Eleanor Fisher, of the Cayman Islands, and Hani Bishara, of the United Arab Emirates, as the Foreign Representatives of Universal Enterprises Ltd. (in Official Liquidation), for the issuance of subpoenas to Fawzi Musaed Al Saleh, Ahmad Fawzi Al Saleh, Yasmine Al Saleh, John I. Snow, III, Steve Leese, Quabbin Capital Inc., Shields & Company, Inc., Wilmer Cutler Pickering Hale and Dorr LLP, Loeb, Block & Partners LLP, KPMG LLP, Citibank, Credit Suisse, Bank of America, Royal Bank of Canada, Morgan Stanley, and Société Générale to conduct discovery for use in legal proceedings at the Grand Court of the Cayman Islands, filed at the U. S. Bankruptcy Court for the Southern District of New York.

Order granting the defendants' motion to dismiss the complaint and denying the plaintiffs' motion to dismiss the crossclaim in Leo Middle East FZE, of the United Arab Emirates, and Leo Holdings Hong Kong Limited, of Hong Kong v. EWI Capital LLC, of Delaware, and Zhe Zhang, described as a resident of San Mateo County, California, USA, at the U. S. District Court for the Northern District of California.

Consent Order in which Mashreqbank PSC, of Dubai, in the United Arab Emirates, agreed to pay a fine of $100 million to the New York State Department of Financial Services for regulatory breaches involving "USD transactions of the Bank relating to Sudan".

Public Notice by the Malta Financial Services Authority that it has imposed an administrative fine of €3,500 on Lecocqassociate Ltd. for a regulatory breach.

Application for a Temporary Injunction in Steven Paul Kowalski, a citizen of Australia residing in Dubai, United Arab Emirates v. Binance Holdings Ltd., of the Cayman Islands; BAM Trading Services Inc., d.b.a. Binance US, of Delaware; Binance Asia Services Pte Ltd., of Singapore; Payward Inc., d.b.a. Kraken; Payward Ventures Inc., of Delaware; Brandon Chun Yin Ng, described as a citizen of the United States residing in Texas; Hiu Lam Cookie Choi, described as a citizen of Hong Kong residing in Texas; Wai Kit Lo and Lee Kei Lau, described as citizens and residents of Hong Kong; Nurlan Neqmat Ogly Guliev and Oksana Aleksandrovna Dolgopolova, described as citizens and residents of Russia, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Complaint in Steven Paul Kowalski, a citizen of Australia residing in Dubai, United Arab Emirates v. Binance Holdings Ltd., of the Cayman Islands; BAM Trading Services Inc., d.b.a. Binance US, of Delaware; Binance Asia Services Pte Ltd., of Singapore; Payward Inc., d.b.a. Kraken; Payward Ventures Inc., of Delaware; Brandon Chun Yin Ng, described as a citizen of the United States residing in Texas; Hiu Lam Cookie Choi, described as a citizen of Hong Kong residing in Texas; Wai Kit Lo and Lee Kei Lau, described as citizens and residents of Hong Kong; Nurlan Neqmat Ogly Guliev and Oksana Aleksandrovna Dolgopolova, described as citizens and residents of Russia, at the Circuit Court of the 11th Judicial Circuit, in and for Miami-Dade County, Florida.

Criminal Information alleging conspiracy to commit wire fraud involving Mozambique in USA v. Credit Suisse Securities (Europe) Limited, described as "a wholly-owned subsidiary of Credit Suisse Group AG headquartered in London, United Kingdom", at the U. S. District Court for the Eastern District of New York.

Criminal Information alleging conspiracy to commit wire fraud involving Mozambique in USA v. Credit Suisse Group Ag at the U. S. District Court for the Eastern District of New York.

Application for the appointment of a Commissioner to collect evidence from Centennial Bank - pursuant to a request for judicial assistance from the United Arab Emirates - for a criminal investigation into "at least 17 known and unknown defendants" for suspected fraud and money laundering that, inter alia, allegedly involved the use of "deep voice" technology to simulate the voice of a company director.

Decision Notice by the Dubai Financial Services Authority that it has imposed a fine of $1,927,495 and a prohibition on Mustafa Ahmed Talaat Abdel-Wadood, a former senior manager of the Abraaj Group who "pleaded guilty" to criminal charges at federal court in New York.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Eleanor Fisher, of the Cayman Islands, and Hani Bishara, of the United Arab Emirates, as Foreign Representatives of Universal Enterprises Ltd. (in Official Liquidation), described as "an investment vehicle for six brothers [from Kuwait] for the purpose of making investments in the United States", filed at the U. S. Bankruptcy Court for the Southern District of New York.

Application by Invest Bank PSC, which "provides corporate retail banking services in the UAE", to take discovery from Citibank, N.A., The Bank of New York Mellon, Société Générale, New York Branch; HSBC Bank USA, N.A., BNP Paribas USA, JPMorgan Chase Bank, N.A., Barclays Bank PLC, Deutsche Bank Trust Co. Americas, The Bank of Nova Scotia, UBS AG, Bank of America, N.A., Standard Chartered Bank, Commerzbank AG, New York Branch; Bank of China, New York Branch; Wells Fargo Bank, N.A., and Mashreqbank PSC for use in legal proceedings in Abu Dhabi, United Arab Emirates, “against Seidco General Contracting Company LLC, Fadi Atef Ajjaoui, and Saif Ali Al Dhabea Al Darmaki" for suspected fraud and misappropriation, filed at the U. S. District Court for the Southern District of New York.

First Amended Complaint alleging a $6.7 million fraud involving “non-existent doses” of a COVID-19 vaccine “for the purpose of vaccinating nearly 300,000 citizens of the island of Barbados” in Radical Investments Ltd., described as a St. Lucia company based in Barbados v. Good Vibrations Entertainment LLC, of Florida; Alex Lee Moore, a.k.a. Flex Moore; Prestige Pegasus LLC, of Colorado; Moniladae Coley, a.k.a. Moniladai Coley; Charles Stein, a.k.a. Charlie Stein, a lawyer in California, and Davidovich Stein Law Group LLC, a law firm California, at the U. S. District Court for the Southern District of Florida.

Restoration Order in the matter of IP Universal Limited, a company associated with Sanjay Shah, a citizen of the United Kingdom residing in the United Arab Emirates who was criminally charged in Denmark earlier this year regarding an alleged $1.6 billion tax fraud, at the Grand Court of the Cayman Islands.

Originating Application in the matter of IP Universal Limited, a company associated with Sanjay Shah, a citizen of the United Kingdom residing in the United Arab Emirates who was criminally charged in Denmark earlier this year regarding an alleged $1.6 billion tax fraud, at the Grand Court of the Cayman Islands.

Walkers law firms in the Cayman Islands and Dubai are being sued for alleged negligence by two Kuwait state-owned entities regarding a fund whose Arab investors were allegedly swindled out of hundreds of millions of dollars.

A Caribbean firm operated by Barbadian developer Mark Maloney that says it was hired by the Barbados Government to procure one million doses of a COVID-19 vaccine for the country's population claims to have been swindled out of $6.7 million. It's not clear from a complaint filed at federal court in the U.S. last week whether the amount originated from the Government or the company, Rational Investments Ltd.

Complaint alleging a $6.7 million fraud involving "non-existent doses" of a COVID-19 vaccine "for the purpose of vaccinating nearly 300,000 citizens of the island of Barbados" in Radical Investments Ltd., described as a St. Lucia company based in Barbados v. Good Vibrations Entertainment LLC, of Florida; Alex Lee Moore, a.k.a. Flex Moore; Prestige Pegasus LLC, of Colorado; Moniladae Coley, a.k.a. Moniladai Coley; Charles Stein, a.k.a. Charlie Stein, a lawyer in California; Davidovich Stein Law Group LLC, a law firm California, and RDS Cargo Group DWC LLC, described as a Polish company based in the United Arab Emirates, at the U. S. District Court for the Southern District of Florida.

British firm Coworth Investments Ltd., which is operated by British and Irish serial fraudster Richard Fagan, has reported net liabilities of £559,494 in its latest financials.

Unaudited Financial Statements for 2020 of Coworth Investments Ltd., filed with Companies House for England and Wales.

Amended Application by the Joint Official Liquidators of ABRAAJ Investment Management Limited, of the Cayman Islands, to take discovery from Bank of America, N.A., The Bank of New York Mellon, Citibank, N.A., Deutsche Bank AG, New York Branch; Deutsche Bank Trust Company Americas, Goldman Sachs and Co., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Mashreqbank PSC, New York Branch; Standard Chartered Bank US, a.k.a. Standard Chartered Bank, New York Branch; Wells Fargo Bank N.A., Barclays Bank PLC, New York Branch; Société Generale North America; BNP Paribas USA Inc.; Bank of Nova Scotia, UBS AG, New York Branch, Commerzbank AG, New York Branch; and The Clearing House Payments Company LLC for use in legal proceedings in the Cayman Islands regarding an alleged $385 million fraud by Pakistan citizen Asif Masood Naqvi, filed at the U. S. District Court for the Southern District of New York.

Application by VUZ-Bank JSC, described as "a commercial bank in Russia and 100% subsidiary of Ural Bank for Reconstruction and Development CB PJSC, to take discovery from Ashley Anderson Bahceci for use in "reasonably contemplated criminal proceedings in Dubai, United Arab Emirates" regarding "a fraud perpetrated on VUZ Bank by a number of parties, including, but not limited to, Rus-AgroExport LLC, Hakan Holdings Limited, and Hakan Agro DMCC", filed at the U. S. District Court for the Northern District of Georgia.

Application by VUZ-Bank JSC, of Russia, to take discovery from Agropex International Inc. and Hakan Holdings Limited for use in "reasonably contemplated criminal proceedings in Dubai, United Arab Emirates" regarding "a fraud perpetrated on VUZ Bank by a number of parties, including, but not limited to, Rus-AgroExport LLC, Hakan Holdings Limited, and Hakan Agro DMCC", filed at the U. S. District Court for the Western District of Virginia.

Order of Execution in Michael McDaid, a citizen of the United Kingdom v. Novus Fintech Limited at the Dubai International Financial Centre Courts.

Arrest of Shahrukh Razzak regarding an indictment for fraud and money laundering alleging several defendants "exported nearly $100 million worth of Apple and Samsung products into the United Arab Emirates and Hong Kong grey markets" that were obtained "through acts of robbery, fraud, or theft" in USA v. Shahrukh Razzak at the U. S. District Court for the Eastern District of Texas.

Judgment regarding an employment dispute in Michael McDaid v. Novus Fintech Limited, of Dubai, at the Dubai International Financial Centre Courts. Editor's Note: Novus Fintech Limited was exposed as a fraud by OffshoreAlert in February 2021. The company is operated by United Kingdom national Stuart Coles and is part of a group whose principals include British/Irish serial investment fraudster Richard Fagan.

Application for the appointment of a Commissioner to collect evidence from City National - pursuant to a request for judicial assistance from Portugal - for an investigation into an "unknown subject, purporting to be the Crown Prince of Dubai" for suspected fraud.

Class Action Complaint alleging securities fraud in Jeffrey Crass v. Yalla Group Limited, described as a Cayman Islands-domiciled "voice-centric social networking and entertainment platform that operates mainly in the Middle East and Northern Africa", and Tao Yang at the U. S. District Court for the Southern District of New York.

Director Details for Yalla Group Limited, obtained from the Cayman Islands General Registry on August 13th, 2021.

First Amended Complaint that "arises out of the Defendants' bad faith and fraudulent scheme, including a pattern of tortious and illegal misconduct and breaches of multiple contracts, related to a $25,000,000 loan Worth agreed to extend to Blackbird in connection with a planned real estate development project in Denver, Colorado" in Blackbird Capital LLC, described as "a real estate development company" in Iowa v. Worth Group Capital LLC, of Wyoming; Justin Ely, of Utah; Halls Law Office, of Idaho; Scotia International of Nevada, Inc., of Utah; Sion Trading FZE, of Ras Al Khaimah, in the United Arab Emirates; Max Warren Barber, of Utah; NaPo Limited, described as "a company located and incorporated in Bridgetown, Barbados, and Saint Lucia"; Nikolas Korakianitis, described as a citizen of Canada; GT Foundation, described as "a private interest foundation founded in Panama City, Panama" that "may have an office in London, England and/or New York", and Kumar Singh, of New York, at the U. S. District Court for the District of Utah.

Originating Application in the matter of Abraaj SPV 72 Limited at the Grand Court of the Cayman Islands.

Amended Writ of Summons alleging negligence and breach of duty in Kuwait Ports Authority and The Public Institution for Social Security, both of Kuwait, derivatively on behalf of The Port Fund LP v. Walkers, a Cayman Islands law firm, and Walkers (Dubai), a law firm in the United Arab Emirates, at the Grand Court of the Cayman Islands.

Judgment in Red Wolf Resources Ltd., described as "an investment holding company incorporated in the British Virgin Islands" v. Rasia at the Grand Court of the Cayman Islands. Editor's Note: This judgment and the findings of fact were subsequently set aside by the Grand Court of the Cayman Islands on September 15th, 2022.

Involuntary Chapter 7 Bankruptcy Petition regarding an alleged debt of $8.8 million in Gilbane Federal, formerly ITSI Gilbane Company v. United Infrastructure Projects FZCO, of Dubai, UAE, at the U. S. Bankruptcy Court for the Northern District of California.