1MDB SCANDAL: MALAYSIA FILES CHARGES AGAINST 17 CURRENT, FORMER DIRECTORS AT GOLDMAN SACHS UNITS

The South China Morning Post on 9th August reported that Malaysia has filed criminal charges against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc in a multibillion-dollar corruption investigation at state fund 1MDB.  Goldman Sachs has been under scrutiny for its role in helping to raise US$6.5 billion through bond offerings for 1Malaysia Development Bhd (1MDB), the subject of corruption and money laundering investigations in at least 6 countries.

https://www.scmp.com/print/news/asia/southeast-asia/article/3022118/1mdb-scandal-malaysia-files-charges-against-17-current

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

CURACAO: HOW GAMBLING INTERESTS BOUGHT A COUNTRY

Interesting, and worrying, BBC Radio 4 documentary which, amongst other things, says that the licensing system for online gambling operators (and a extensive, but non-legal “sub-licences”) is of doubtful legality, and could have been designed to encourage political corruption.  It starts with one licensed company apparently trying to get an underage child making a You Tube promotion, and reveals that one of the jurisdiction’s politicians was assassinated after threatening to reveal gambling industry practices, and the first prime minister has been jailed for political corruption after laundering money from a major gambling operator alleged by the police in Italy to have mafia connections.

https://www.bbc.co.uk/programmes/m0007bwl

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

MAREVA ORDER OR FREEZING INJUNCTION GUIDE

An article from HFW on 13th June examined what used to be called Mareva orders, but now renamed freezing injunctions in England and Wales.  The article examines freezing orders in more detail, initially looking at the basic principles in securing such an order as an applicant and responding to an order as a respondent, and the potential implications of breaching the terms of the order.  It looks at how a freezing order can be utilised in relation to fraudulent activity, and using freezing orders to freeze third party assets, by reference to the latest authorities.  It then looks at alternative asset preservation and disclosure orders as well as considering how freezing orders can be utilised against “persons unknown”, especially in the context of a cyber-attack.

http://www.hfw.com/downloads/HFW-Commodities-Freezer-Pack.pdf

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y