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Duet Private Equity out of business over €2.6 million compensation claim
The company was linked indirectly to ongoing scandals in Eastern Europe, Germany and the UK. LONDON—Duet Private Equity is in insolvency over a lost arbitration claim against Starbridge Development Holdings, a Seychelles company whose beneficial owner was not disclosed, according to public data filed with Companies House and people involved in the proceedings. The matter…
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Reportercast June 2022: Jamison Firestone on Russia sanctions
In this first episode, our guest is Jamison Firestone, a legendary lawyer and campaigner among Russia-watchers. He discusses his experience of living in Moscow in the 90s, then being driven out after his friend and colleague Sergei Magnitsky was killed for discovering a massive state-enabled corruption scheme. Jamison played a top role in the ensuing…
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Global fintech Paxum and Hungarian bank OTP caught up in Romanian fraud probe
Canada-based and offshore haven-linked Paxum Inc was defrauded of some $16 million from an OTP Bank account in Bucharest, but prosecutors allege broader financial crimes surrounding the case.