Part of the estimated $5.5 million allegedly looted from the First Cayman Bank/Gulf Union Bank group in 1997 went to satisfy a $1.75 million fraud judgment in the United States, according to the liquidators.The fraud had been committed by Sheikh Abdus Shimmy Qureshi and his now defunct Florida firm Escue Management Inc., it was alleged.
Articles Bahamas Banks & Trusts Bribery & Corruption Cayman Islands Featured Fraud Investment Liquidations & Insolvencies Qatar USADecember 31, 2001
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Debra Wilkinson Enviro Voraxial Technology Erich Koch Escue Management First Cayman Bank