Judgment rejecting an objection by Ascentra Holdings Inc. (in Voluntary Liquidation), a creditor with a claim for over $8 million, to the appointment of Adam Keenan and Michael Pearson, of FFP, as Joint Official Liquidators of Global Fidelity Bank Ltd. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
Mighty China International Ltd. v. China Resources and Transportation Group Ltd.: Winding Up Petition
Winding Up Petition in Mighty China International Limited, of Hong Kong v. China Resources and Transportation Group Limited, described as "the holding company for a group of companies engaged in: (i) toll expressway operation; (ii) the petroleum and gas industry; (iii) forestry and agricultural business", at the Grand Court of the Cayman Islands.
A jury in Texas has awarded 41 investors clients damages of $8.8 million, plus annual interest of 8.25% backdated to December 12, 2002, against Atlas Financial Group Ltd. and Atlas Private Trust Ltd., which collapsed in the Turks and Caicos
Offshore corporations in Anguilla, the Bahamas and St. Lucia, including one operating as a bank, have been implicated in an alleged conspiracy to defraud the United States Government of tax revenue.Details are contained in an indictment against four individuals, including one who is both a former U. S. Attorney and state court judge, that was brought at the U. S. District Court for the Western District of North Carolina on April 4, 2006 and unsealed on April 18.