FREEZE ON ILLEGAL LOBSTER MAGNATE’S MULTIMILLIONS IN JERSEY

The Jersey Evening Post on 22nd April reported that a South African fishing magnate who made a fortune selling illegally caught lobster has been told that he cannot get his hands on millions of pounds held in Jersey.  The Royal Court has decided to maintain a freeze on the assets of Arnold Bengis, who admitted his involvement in a conspiracy to land huge amounts of the prized shellfish in excess of permitted quotas between 1999 until 2001. The illegally caught lobster were shipped to the US.  An appeal had been launched by a Lichtenstein-based trust company.  Bengis, who owned Hout Bay Fishing Industries, pleaded guilty in a South African court in 2002 to 28 charges under the country’s Marine Resources Act.  Around $23.3 million of Mr Bengis’s money was ‘held by 3 companies with SG Hambos Bank (Channel Islands) Limited in Jersey’ according a judgment issued by the Royal Court setting out its reasons for rejecting the appeal.  In July 2017, following a request from US authorities, the Attorney General granted a forfeiture order of $37.2 million.

https://jerseyeveningpost.com/news/2018/04/22/freeze-on-illegal-lobster-magnates-multi-millions/#8830eYvUD8zrrPLH.99

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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