Antigua Gov’t tries to seize Eurofed Bank assets

By David Marchant

23 years ago

Topics

Cayman Islands Fraud Isle of Man Liechtenstein Liquidations & Insolvencies Money Laundering Switzerland USA

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Keywords

Alex Liverant American International Bank AvantGuard Bank Bank of Panama Banque SCS Alliance

Barclays Charles Walwyn Commercial Bank Don Ward Edward St. Clair Smith Eurofed Bank Johnny Johnson Liquidations & Insolvencies Pavlo Lazarenko Petro Kiritchenko PricewaterhouseCoopers Prosper International League Scotiabank Selective Assets Ltd. Universal Trading & Investment Co.

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In secret court hearings held in Antigua, the island’s government has been trying to seize all or most of the $76 million of assets recovered so far in the liquidation of Eurofed Bank Ltd., we can reveal.The government is claiming the assets under its anti-money laundering laws on the grounds that they are the proceeds of criminal activity by former Ukraine Prime Minister Pavlo Lazarenko, 48.

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