Gerhard Breulmann

An intergovernmental organization established by the United Nations to protect rain forests is refusing to satisfy a $97,000 damages award in the Cayman Islands for obstructing the liquidation of swindled Ardent Harmony Fund, in which it is the biggest investor. The Japan-based International Tropical Timber Organization is claiming 'government immunity'.

The International Tropical Timber Organization, which was established by the United Nations to protect rain forests, is one of the biggest victims of an apparent fraudulent scheme involving hedge funds in the Cayman Islands, an investment manager in Barbados and factoring firms in New York.

First Report of the Joint Official Liquidators In the Matter of Ardent Harmony Fund Inc. at the Grand Court of the Cayman Islands.

Reasons for Ruling Granting a Restraining Order Against the International Tropical Timber Organization In the Matter of Ardent Harmony Fund Inc. at the Grand Court of the Cayman Islands.