By Joanne Faulkner (February 21, 2022, 6:33 PM GMT) — A United Arab Emirates lender on Monday accused a businessman and his sons, who’re embroiled in a £19 million ($26 million) fraud declare, of collaborating in additional sham transactions to protect the daddy’s belongings from collectors.
Attorneys for Make investments Financial institution alleged on the Excessive Courtroom that Ahmad Mohammad el-Hussein had transferred $15 million held by his Lebanese firm, Medstar, to a different firm referred to as Mistar, the place his 4 sons are shareholders.
The lender’s legal professionals sought at a listening to on Monday so as to add counts that the businessman was helped to switch firm shares and properties in central London past the attain of…
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