CM Hi-Tech Cleanroom Ltd.: ‘Scheme of Arrangement’ Petition
Petition for the Court's sanction of a Scheme of Arrangement in the matter of CM Hi-Tech Cleanroom Limited at the Grand Court of the Cayman Islands.
Labuan’s City Credit Investment Bank liquidator seeks U.S. bank records for investigation into ‘$1B Ponzi scheme’
The liquidator of Labuan-based City Credit Investment Bank Ltd. has applied to take discovery from several banks in the United States for his investigation into a suspected $1.1 billion "global fraud" against 17,000 victims, most of whom are in Taiwan.
City Credit Investment Bank Ltd. v. Citibank, N.A. et al: Discovery Application (Malaysia)
Application by Luke Furler, as the liquidator of Malaysia-based City Credit Investment Bank Ltd., to take discovery from Citibank, N.A., Bank of America, N.A., Deutsche Bank, AG, Deutsche Bank Trust Company Americas, New York, JPMorgan Chase Bank, N.A., Bank of New York Mellon Corp., Chase Manhattan Bank New York, and Credit Lyonnais New York for use in legal proceedings in Malaysia regarding a "global fraud" in which "an estimated 17,000 individuals" are "owed approximately 1.1 Billion U.S. Dollars", filed at the U.S. District Court for the Southern District of New York.
RAV Bahamas Ltd. v. Genting Americas Inc.: Complaint (‘$600M Fraud’)
Complaint for damages of $600 million alleging fraud in RAV Bahamas Ltd., of the Bahamas v. Genting Americas Inc., of Delaware, USA, at the U.S. District Court for the Southern District of Florida.
BVI liquidators sue U.S. music producer Swizz Beatz to recover ‘$7.3M gifted by Malaysia’s 1MDB fraudsters’
The liquidators of two British Virgin Islands companies have sued U.S. music producer and rapper Swizz Beatz and two of his firms to recover $7.3 million they were allegedly "gifted" by insiders who helped steal $7.65 billion from Malaysia's sovereign wealth fund 1MDB.
Affinity Equity International Partners Ltd. et al v. Swizz Beatz et al: Complaint (‘$7.3M 1MDB Fraudulent Conveyance’)
Complaint for "the recovery of $7,300,000 that the notorious international fugitive Jho Low and his associates stole from the people of Malaysia and gifted to the Defendants - Dean, a well-known celebrity who goes by the stage name of "Swizz Beatz," and his companies" in Angela Barkhouse and Toni Shukla, as Liquidators of Affinity Equity International Partners Limited (in Liquidation) and Alsen Chance Holdings Limited (in Liquidation), both of the British Virgin Islands v. Kasseem Dean, described as "a notable record producer, rapper, disc jockey and record executive known professionally as 'Swizz Beatz'"; Monza Studios Inc., and Swizz Beatz Productions Inc. at the U.S. District Court for the Southern District of New York.
Labuan FSA: Enforcement Actions (December 2015 to September 2024)
Public Notice by the Labuan Financial Services Authority regarding enforcement actions against 118 “Labuan Licensed Entities from December 2015 to September 2024".
Labuan FSA: Business Restrictions (December 2015 to September 2024)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 115 "Labuan Licensed Entities from December 2015 to September 2024".
UW Global Inc.: Winding Up Notice (Labuan)
Public Notice by the Labuan Financial Services Authority that a liquidator has been appointed for UW Global Inc.
Pearl Holding III Ltd.: ‘Court Supervision’ Petition (Cayman Islands)
Petition for Court Supervision of a Voluntary Supervision in the matter of Pearl Holding III Limited (in Voluntary Liquidation), described as an "intermediate holding company" for an Asia-based group that "provides a broad range of high precision tools and complex injection molded components to product manufacturers in the electronics, automotive, healthcare and industrial markets", at the Grand Court of the Cayman Islands.
Pearl Holding II Ltd.: ‘Court Supervision’ Petition (Cayman Islands)
Petition for Court Supervision of a Voluntary Supervision in the matter of Pearl Holding II Limited (in Voluntary Liquidation), described as a "holding company" for an Asia-based group that "provides a broad range of high precision tools and complex injection molded components to product manufacturers in the electronics, automotive, healthcare and industrial markets", at the Grand Court of the Cayman Islands.
Pearl Holding I Ltd.: ‘Court Supervision’ Petition (Cayman Islands)
Petition for Court Supervision of a Voluntary Supervision in the matter of Pearl Holding I Limited (in Voluntary Liquidation), described as a "holding company" for an Asia-based group that "provides a broad range of high precision tools and complex injection molded components to product manufacturers in the electronics, automotive, healthcare and industrial markets", at the Grand Court of the Cayman Islands.
Labuan FSA: Enforcement Actions (AML/CFT Related Non-Compliances from July 2018 to August 2022 )
Public Notice by the Labuan Financial Services Authority regarding enforcement actions against eight “Labuan Licensed Entities for AML/CFT related non-compliances from July 2018 to August 2022".
Boediman Widjaja v. BVI Registrar of Corporate Affairs: Restoration Application (JOE Green Gratia Ltd.)
Fixed Date Claim Form regarding JOE Green Gratia Limited "for the purpose of enabling it to deal with its assets namely all the issues shares in a company incorporated in Malaysia JOE Green Marketing Pte. Ltd." in Boediman Widjaja, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Boediman Widjaja v. BVI Registrar of Corporate Affairs: Restoration Application (JOE Green Prominent Ltd.)
Fixed Date Claim Form regarding JOE Green Prominent Limited "for the purpose of enabling it to deal with its assets namely all the issued shares in a company incorporated in Malaysia, JOE Green Precast Sdn. Bhd." in Boediman Widjaja, of Singapore v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Labuan FSA: Business Restrictions (July 27, 2024)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 25 Labuan Licensed Entities "for non-compliance to minimum capital and/or other regulatory requirements".
Labuan FSA: Enforcement Actions (December 2015 to July 2024)
Public Notice by the Labuan Financial Services Authority regarding enforcement actions against 113 Labuan Licensed Entities from December 2015 to July 2024.
1MDB Energy Holdings Ltd. et al: Originating Application (‘Foreign Assistance’)
Originating Application for the Court's sanction to provide "assistance" in "foreign proceedings" in the matter of Muraset Limited (in Liquidation), Affinity Equity International Partners Limited (in Liquidation), Pacific Rim Global Growth Limited (in Liquidation), Vasco Investment Services SA (in Liquidation), Selune Limited (in Liquidation), Blackstone Asia Real Estate Partners Limited (in Liquidation), 1MDB Energy Holdings Limited (in Liquidation), Tanore Finance Corp. (in Liquidation), Aabar Investments PJS Limited (in Liquidation), SRC International (Malaysia) Limited (in Liquidation), SRC Strategic Resources Limited (in Liquidation), Bright Oriande Limited (in Liquidation), Brazen Sky Limited (in Liquidation), Aabar International Investments Limited (in Liquidation), Blackrock Commodities (Global) Limited (in Liquidation), Alsen Chance Holdings Limited (in Liquidation), and Platinum Global Luxury Services Limited (in Liquidation) at the British Virgin Islands High Court.
USA v. 2.5M Tether: Forfeiture Complaint (‘Pig Butchering Fraud & Crypto Laundering’)
Forfeiture Complaint regarding the suspected proceeds of pig butchering fraud seized from two accounts at Binance crypto exchange in the names of Wasit Cholumnuay and Chatchal Kraibumrung in USA v. 2,546,415.01 USDT at the U.S. District Court for the District of Columbia.
1MDB liquidators sue Amicorp Group & CEO Toine Knipping in BVI for ‘dishonest assistance to $7B fraud’
Hong Kong-based corporate services provider Amicorp Group's operations in Barbados, British Virgin Islands, Curaçao, Hong Kong, and Singapore and its Dubai-based CEO, Toine Knipping, are being sued in the BVI for allegedly helping to launder some of the $7 billion that was misappropriated from the Malaysian sovereign wealth fund 1MDB.
Labuan FSA: Business Restrictions (June 27, 2024)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 26 "Labuan Licensed Entities".
Global Diversified Investment Company Ltd. et al v. Amicorp B.V.I. Ltd. et al: Claim Form (‘1MDB Dishonest Assistance’)
Claim Form in Global Diversified Investment Company Limited, formerly known as 1MDB Global Investments Limited; Aabar Investments PJS Limited (in Liquidation), SRC International (Malaysia) Limited (in Liquidation), and Brazen Sky Limited (in Liquidation) v. Amicorp B.V.I. Limited, of the British Virgin Islands; Amicorp Management Limited, of the British Virgin Islands; Artemas Wealth Management (Barbados) Ltd., formerly known as Amergeris Wealth Management (Barbados) Ltd., of Barbados; Amicorp Fund Services N.V., of Curaçao; Amicorp Singapore Pte. Ltd., of Singapore; Amicorp Hong Kong Limited, of Hong Kong; Amicorp Limited, of Hong Kong; Amicorp Bank and Trust Limited, of Barbados, and Antonius Rudolphus Wilhelmus Knipping, a.k.a. Toine Knipping, of Dubai, United Arab Emirates, at the British Virgin Islands High Court.
Angela Barkhouse et al v. Muraset Ltd. et al: Originating Application (‘1MDB Fraud’)
Originating Application in Angela Barkhouse, Colin Wilson, and Carl Jackson, as Joint Liquidators v. Muraset Limited (in Liquidation), Affinity Equity International Partners Limited (in Liquidation), Pacific Rim Global Growth Limited (in Liquidation), Selune Limited (in Liquidation), Blackstone Asia Real Estate Partners Limited (in Liquidation), 1MDB Energy Holdings Limited (in Liquidation), Tanore Finance Corp. (in Liquidation), Aabar Investments PJS Limited (in Liquidation), SRC International (Malaysia) Limited (in Liquidation), SRC Strategic Resources Limited (in Liquidation), Bright Oriande Limited (in Liquidation), Brazen Sky Limited (in Liquidation), Aabar International Investments Limited (in Liquidation), Blackrock Commodities (Global) Limited (in Liquidation), Alsen Chance Holdings Limited (in Liquidation), Platinum Global Luxury Services Limited (in Liquidation), Brightstone Jewellery Limited (in Liquidation), and Abu Dhabi-Kuwait-Malaysia Investment Corporation (in Liquidation) at the British Virgin Islands High Court.
Petronas Azerbaijan (Shah Deniz) S.à.r.l et al v. Evergreen Parent GP LLC et al: Discovery Application (Luxembourg & Spain)
Application by Petronas Azerbaijan (Shah Deniz) S.à.r.l and Petronas South Caucasus S.à.r.l, both of Luxembourg, to take discovery from Evergreen Parent GP LLC, Therium Capital Management (USA) Inc., Deutsche Bank AG, HSBC Bank USA, Citibank, N.A., JPMorgan Chase & Co., The Bank of New York Mellon, UBS AG, UniCredit Bank GmbH, UniCredit S.p.A., Banco Santander, N.A., Banco Bilbao Vizcaya Argentaria, S.A., CaixaBank, S.A., and Banco de Sabadell, S.A. "in aid of certain foreign civil and private criminal proceedings that Petitioners intend to file in Luxembourg and Spain relating to a rogue arbitration proceeding commenced in Spain against the Malaysian government", filed at the U.S. District Court for the Southern District of New York.
City Credit Investment Bank Ltd.: Interim Liquidator’s Report (May 2024)
Report by Lule Furler, as the Interim Liquidator of City Credit Investment Bank Limited, of Labuan, for the period from October 16th, 2023 to April 15th, 2024.
Fourte International BVI Ltd. et al v. Fourte Industrial (Dongguan) Co. Ltd.: Complaint
Complaint concerning "an arbitration agreement arising out of a contractual, commercial legal relationship" in Fourte International BVI Ltd., of the British Virgin Islands, and Fourte International SDN. BHD, of Malaysia v. Fourte Industrial (Dongguan) Co. Ltd., of China, at the U.S. District Court for the Southern District of California.
Megalodon Capital SPC: Directors (Cayman Islands)
Director Details for Megalodon Capital SPC, obtained from the Cayman Islands General Registry on February 19th, 2024.
Topworth Investments Ltd.: Liquidation Notice (Labuan)
Notice by the Labuan Financial Services Authority that "Topworth Investments Ltd, a Labuan money broker" has been petitioned into liquidation by a creditor.
1MDB Energy Holdings Ltd. et al: Chapter 15 Petition (British Virgin Islands)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Angela Barkhouse, Toni Shukla, and Carl Jackson, all of Quantuma, as the Foreign Representatives of 1MDB Energy Holdings Limited, Alsen Chance Holdings Limited, Blackrock Commodities (Global) Limited, Aabar International Investments PJS Limited, and Platinum Global Luxury Services Limited, which "formed part of the fraud perpetrated against 1 Malaysia Development Berhad, a sovereign wealth fund owned by the Malaysian Ministry of Finance, in which numerous entities and individuals formed a network to divert and distribute funds to the fraudsters who orchestrated the fraud and to individuals and/or entities connected to them", filed at the U.S. Bankruptcy Court for the Southern District of Florida.
Malaysian Boiler Room Raid to be analyzed at OffshoreAlert Bangkok
The upcoming OffshoreAlert conference in Bangkok will feature a session by Ken Gamble of IFW Global, focusing on 'Operation Tropicana', a major operation that dismantled a billion-dollar Asian boiler room gang. Gamble will discuss the gang's operations, including how they laundered money through Hong Kong banks and evaded detection for 15 years. He will also explain how the Anti-Money Laundering unit of the Malaysian Anti-Corruption Commission helped recover millions for victims. The conference, held at the luxurious Siam Kempinski Hotel on February 28-29, includes various sessions on high-value international finance and will attract professionals from diverse fields like fraud investigation, asset recovery, banking, and law enforcement.
UW Global Inc.: Notification (Labuan)
Public Notice by the Labuan Financial Services Authority regarding regulatory action against UW Global Inc., which is "restricted from undertaking any new business" and required "to take immediate action to honour and pay all overdue payments to its existing clients".
ECM Straits Fund I, LP et al: Chapter 15 Petition (Cayman Islands)
Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Michael Green, Michael Penner, and Matthew Becker, as the Foreign Representatives of ECM Straits Fund I, LP (in Official Liquidation), ECM Straits Fund UGP I, Ltd. (in Official Liquidation, and TransAsia E-Commerce Inc. (in Official Liquidation), filed at the U.S. Bankruptcy Court for the Southern District of New York.
Labuan FSA: Business Restrictions (December 6, 2023)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 22 "Labuan Licensed Entities".
City Credit Investment Bank Ltd.: Liquidator Appointment (Labuan)
Public Notice by the Labuan Financial Services Authority that Luke Furler, of Quantuma, has been appointed as Interim Liquidator of City Credit Investment Bank Ltd.
Ayers Alliance Financial Group Ltd. v. City Credit Asset Management Co. Ltd.: Liquidation Petition (‘$4M Debt’)
Liquidation Petition regarding an alleged debt of $4 million and allegations of "suspicious or fraudulent activities" in Ayers Alliance Financial Group Limited, of Cyprus v. City Credit Asset Management Co. Ltd. at the Grand Court of the Cayman Islands.
City Credit Investment Bank Ltd.: Notice of Liquidation Petition (Labuan)
Public Notice by the Labuan Financial Services Authority that "a creditor petition for the winding up of City Credit Investment Bank Limited, a Labuan investment bank, had been filed in the High Court of Sabah and Sarawak at the Federal Territory of Labuan".
Labuan FSA: Enforcement Actions (December 2015 to October 2023)
Public Notice by the Labuan Financial Services Authority regarding “enforcement actions” it has taken against “Labuan Licensed Entities from December 2015 to October 2023”.
1MDB v. BVI Registrar of Corporate Affairs: Restoration Application (Global Diversified Investment Company Ltd.)
Fixed Date Claim Form regarding Global Diversified Investment Company Limited in 1Malaysia Development Berhad, of Malaysia v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.
Higround Co. Ltd. et al v. Henry Lee et al: Complaint (‘$4.75M Fraud’)
Complaint in Higround Co. Ltd., of South Korea, and Higround Pte. Ltd., of Singapore v. Henry Han-Woong Lee, described as a U.S. citizen residing in New York, USA; Genesis Digital Assets Pte. Ltd., of Singapore; Genesis Group Partners LLC, Neon Partners LLC, Stonefort Consultants FZC, of Dubai, United Arab Emirates; Petra Eco Build Sdn Bhd, of Malaysia; West Ranch Capital Management, of Austin, Texas, USA; Jules Corporation, of Singapore, and Jonathan Chan, of Singapore, at the U.S. District Court for the Southern District of New York.
Labuan FSA: Enforcement Actions (December 2015 to September 2023)
Public Notice by the Labuan Financial Services Authority regarding "enforcement actions" it has taken against "Labuan Licensed Entities from December 2015 to September 2023".
USA v. 5,012,294.90 in TetherUS et al: Forfeiture Complaint (‘Investment Fraud Crypto Laundering’)
Forfeiture Complaint regarding virtual assets seized from accounts at Binance crypto exchange in the names of Kosit Sisawigon and Suradet Totsaponvised, both in Thailand, and Low Li Yu, in Malaysia, that "was swindled from victims through the course of an investment fraud scam" in USA v. 5,012,294.90 in TetherUS, 75,589,553.41 in Gala, 226.81 in BNB, 1,264.16 in Bitcoin, 1,495.72 in Litentry, 48,969 in Fantom, 47.17 in Ethereum, and 501.41 in BUSD at the U.S. District Court for the District of Arizona.
USA v. Assets Belonging to Glen Vine Partners Ltd. (BVI) at ONE Swiss Bank S.A. et al: Forfeiture Complaint (‘1MDB Fraud’)
Forfeiture Complaint regarding "assets involved in and traceable to an international conspiracy to, among other things, launder money misappropriated from 1Malaysia Development Berhad (“1MDB”), a strategic investment and development company wholly-owned by the government of Malaysia", in USA v. Pablo Picasso's 'Trois femmes nues et buste d'homme' drawing and All Funds and Assets on deposit in an account in the name of Glen Vine Partners Limited, of the British Virgin Islands, at ONE Swiss Bank S.A., in Switzerland, at the U.S. District Court for the Central District of California.
Labuan FSA: Business Restrictions (August 25, 2023)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 21 "Labuan Licensed Entities".
Labuan FSA: Enforcement Actions (December 2015 to October 2022)
Public Notice by the Labuan Financial Services Authority regarding "enforcement actions" it has taken against "Labuan Licensed Entities from December 2015 to October 2022".
Labuan FSA: Business Restrictions (August 14, 2023)
Public Notice by the Labuan Financial Services Authority regarding business restrictions on 19 "Labuan Licensed Entities".
Ayers Alliance SPC: ‘Court Supervision’ Petition
Petition for Court Supervision of a Voluntary Liquidation in the matter of Ayers Alliance SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.
City Credit Capital (Labuan) Ltd.: Liquidation Notice (Labuan)
Public Notice by the Labuan Financial Services Authority that City Credit Capital (Labuan) Ltd., "a Labuan money broker had been placed under liquidation by way of creditors’ voluntary winding up".
Blackstone Asia Real Estate Partners Ltd. v. Alsen Chance Holdings Ltd. et al: Restoration Application
Fixed Date Claim Form in Blackstone Asia Real Estate Partners Limited (in Liquidation) v. Alsen Chance Holdings Limited and The Registrar of Corporate Affairs at the British Virgin Islands High Court.
TransAsia E-Commerce Inc.: Restoration & Liquidation Petition
Petition in the matter of TransAsia E-Commerce Inc. at the Grand Court of the Cayman Islands.
ECM Straits Fund UGP I Ltd.: Restoration & Liquidation Petition
Petition in the matter of ECM Straits Fund UGP I Ltd. at the Grand Court of the Cayman Islands.