This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Mozambique firm claims NY house linked to Thiam money laundering

( February 26, 2018, 23:32 GMT | Official Statement) -- MLex Summary: Sociedad Sabor de Nacala, a Mozambique firm, has filed a claim for a Hudson Valley residence that is the subject of forfeiture in the money laundering prosecution of former Guinea mining minister Mahmoud Thiam. The US Department of Justice sought forfeiture of the property, located in Dutchess County, which it alleges that Thiam purchased with proceeds of bribery. Momade Aquil Rajahussen, the director of Sociedad Sabor, said in an affidavit that the company purchased the home and allowed Thiam's family to live there in expectation that he would rent the property. Rajahussen said the company never received proper notice of forfeiture and asked that an August 2017 order of forfeiture be vacated.Please see attached documents....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login