Articles Banks & Trusts Canada Featured Fraud Investment Liquidations & Insolvencies Nauru St. Kitts & NevisMay 23, 2003

    Sterling International Bank sued in Canada

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    21 years ago

    Topics

    Banks & Trusts Canada Fraud Investment Liquidations & Insolvencies
    Nauru St. Kitts & Nevis
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    Keywords

    Bank of Montreal Ethan Day Kachina Inc. Liquidations & Insolvencies Praxis Inc.
    Sterling International Bank Sterling International Management
    [ 2 more... ] [ top 5 ]

    A ‘paper’ company registered on the Caribbean island of Nevis has filed a lawsuit in Canada against an insolvent offshore ‘shell’ bank in an effort to recover $1.08 million that it claims to have deposited.
    Nevis-domiciled Kachina Inc., formerly Praxis Inc., is seeking a judgment for $1,088,588 against Sterling International Bank Inc., which, according to the complaint, was licensed in Nauru on November 28, 1994 and went into provisional liquidation on September 27, 2000.