International Investment Firm Ordered S…

The Supreme Court of Bermuda has ordered the Bermuda arm of the controversial empire of the Lebanese Saab brothers liquidated following an investigation by KRyS Global, an international fraud investigation and dispute resolution firm. Ayoub-Farid and Fadi Saab are the beneficial owners of FBME Bank of Tanzania, whose Cyprus unit was in effect shut down by the Financial Crimes Enforcement Network (FinCEN) of the US Treasury Department in April after a two-and-a-half-year campaign that the Saabs are still battling. The provisional winding-up order for Saab Financial (Bermuda) Ltd. was issued in April but only recently came to light.

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