2 Nov 2022
COMMISSIONER OF POLICE v SHAHIDAN [2022] NZHC 2848
- Citation
- [2022] NZHC 2848
- Court
- High Court
On the balance of probabilities the Court was satisfied the respondent unlawfully benefited from significant criminal activity (funds derived from the VenusFX fraudulent scheme and associated money laundering and unregistered provision of financial services) and had proprietary interests in the restrained Igateway accounts as sole director, shareholder and authorised signatory; accordingly a profit forfeiture order for $2,201,383.65 was made and the funds are to be disposed of pursuant to s83(1).