In the matter of Eastern Croundom General Trading LLC, Mr. Alireza Mahmoud v The Financial Intelligence Unit (MA 152/2017) [2017] SCSC 874 (6 June 2017)

In the matter of Eastern Croundom General Trading LLC, Mr. Alireza Mahmoud v The Financial Intelligence Unit (MA 152/2017) [2017] SCSC 874 (6 June 2017)

The applicant is entitled to reimbursement of USD 100,000 as the funds were innocently paid and the application is unopposed.

Source-derived case information.

Citation
[2017] SCSC 874
Parties
Applicant: Eastern Groundom General Trading LLC; Applicant: Mr. Alireza Mahmoud; Respondent: The Financial Intelligence Unit; Respondent: R.V.D. Markets Limited; Respondent: Barclays Bank PLC
Court
Supreme Court
Jurisdiction
Seychelles
Judgment Date
6 June 2017
Case Number
MA 152/2017
Procedural Posture
Civil / Order
Outcome
Application allowed
Legal Topics
Civil Confiscation, Refund of Funds, Receivership
Source Language
english
Proceeds of Crime Civil Procedure Civil Confiscation Refund of Funds Receivership

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Parties

Eastern Groundom General Trading LLC

Applicant

Mr. Alireza Mahmoud

Applicant

The Financial Intelligence Unit

Respondent

R.V.D. Markets Limited

Respondent

Barclays Bank PLC

Respondent

Procedural Posture

Civil / Order

Legal Issues

  1. 1 Whether the sum of USD 100,000 paid into R.V.D. Markets Limited's account should be refunded to the applicant's lawyer under section 19 of the Proceeds of Crime (Civil Confiscation) Act 2008

Ratio Decidendi

The applicant is entitled to reimbursement of USD 100,000 as the funds were innocently paid and the application is unopposed.

Court Disposition

Application allowed

Orders

  • The Receiver shall transfer the sum of USD 100,000 into the client's account of Serge Rouillon Esq, with bank account details to be provided by Serge Rouillon Esq.