Joel Benedict et al: Removal of ‘Fit and Proper Status’ (Seychelles)
Public Notice by the Seychelles Financial Services Authority that it has removed the "fit and proper status" of Joel Prakash Benedict and Christoforos Christoforou.
OffshoreAlert announces Asia-Pacific conference in Bangkok
OffshoreAlert is pleased to announce our first-ever Asia-Pacific conference, to be held in Bangkok on February 28-29, 2024. We're excited to be bringing our unique combination of expertise, experience, originality, contacts, and fearlessness to the region.
Hamilton Reserve Bank Ltd. v. Sri Lanka: Amended Complaint (‘$257M Bonds Default’)
Amended Complaint in Hamilton Reserve Bank Ltd., formerly known as Nevis International Bank & Trust Ltd., of Nevis v. The Democratic Socialist Republic of Sri Lanka at the U.S. District Court for the Southern District of New York.
Hamilton Reserve Bank Ltd. v. Sri Lanka: Complaint (‘$257M Bonds Default’)
Complaint in Hamilton Reserve Bank Ltd., formerly known as Nevis International Bank & Trust Ltd., of Nevis v. The Democratic Socialist Republic of Sri Lanka at the U.S. District Court for the Southern District of New York.
Remcoda LLC v. Ridge Hill Trading (Pty) Ltd. et al: Complaint
Complaint alleging a $4.6 million fraud involving Personal Protection Equipment to protect against COVID-19 in Remcoda LLC v. Ridge Hill Trading (Pty) Ltd., of Melbourne, Australia; Ataraxia Capital Partners Pty Ltd., of Sri Lanka; De Raj Group AG, of Germany; Petrichor Capital SDN BHD, of Malaysia; Petrichor Capital Trading Limited, of the United Kingdom; Vaidyanathan Mulandram Nateshan, described as a resident of India; Gayathri Vaidyanathan, described as a resident of India; Menusha Gunawardhana, described as a resident of Sri Lanka, and Vincent Fletcher, described as a resident of the United Kingdom, at the U. S. District Court for the Southern District of New York.
JTrust Asia Pte. Ltd. v. Mitsuji Konoshita et al: Judgment
Judgment regarding an application to discharge a freezing order and receivership order in a matter that also involves proceedings in Singapore and Thailand in JTrust Asia Pte. Ltd. v. Mitsuji Konoshita and A.P.F. Group Co. Ltd. at the British Virgin Islands High Court.
Serious Fraud Office v. Airbus SE: Judgment
Judgment approving a Deferred Prosecution Agreement and imposing a "total financial sanction" of €990,963,712 for suspected bribery in Director of the Serious Fraud Office v. Airbus SE at the Crown Court, in Southwark, England.
Providers of nominee services sued by alleged fraud victims
Offshore providers who allegedly supplied nominee officers and directors for firms accused of perpetrating a $16 million fraud have been added as defendants to a civil lawsuit filed by alleged victims.
Tamil Tigers terrorist attack leads to insurance claim against Hellenic Mutual
A Bermuda-based mutual insurer is involved in a claims dispute with a member whose freight vessel M/S Athena was blown up in Sri Lanka in a suspected attack by Tamil Tiger terrorists.Hellenic Mutual War Risks Association (Bermuda) Ltd., its manager, Thomas Miller; brokers and others are being sued in New York by Sea Trade Maritime Corp. after its claim was only partially satisfied.
Grenada-Montenegro banker plays down links to Melchizedek
A principal of two offshore banks has told OffshoreAlert that he no longer has anything to do with the Dominion of Melchizedek, despite his name appearing on literature associated with the fake nation.Peter Drakoulakos, who heads Euro Credit Bank A.D., of Montenegro, and Euro Caribbean Bank Ltd., of Grenada, was once listed as the South American "Ambassador" for Melchizedek on its web-site.
Bermuda tops Year 2000 Telecommunications Review
Telecommunications Review in Bermuda-Caribbean region: Bermuda continues to offer by far the cheapest overseas telecommunications rates compared with its rival offshore jurisdictions in the Caribbean, we can disclose. While rates have generally fallen in many islands since our last survey in April, 1997, the gap between Bermuda and the pack remains huge, largely due to the introduction of competition for international calls.Â
