| Comoros Soleil Chartered
Bank Subject to SDNY Protected Order Amid
Chinese Cosmetics
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
April 30 – In 2018 Minnesota's
Marquette Commercial Finance
sued a Comoros-based
international trade finance
institution named Soleil
Chartered Bank, for $7
million.
Now 18
months later on April 30 U.S.
District Court for the
Southern District of New York
Magistrate Judge Barbara C.
Moses held a status
conference, which Inner City
Press covered.
During the telephone
conference, Judge Moses said
she would need evidence in
this case and not just the
lawyers' representations. She
commented on Soleil's website.
So Inner City Press checked it
out, with its claims of
SCB Recent Successes, such as
"Standby Letter of Credit
(SBLC) totaling USD 5 million
enabling the sale of cosmetics
from China to South
Korea SCB issues
Documentary Letters of Credit
(DLC) totaling USD 2.9 million
to enable the sale of leather
from Bangladesh to various
parts of the world including
Hong Kong, Brazil and
USA SCB issues a USD
102k Documentary Letter of
Credit (DLC) to enable the
sale of plastic scrap from
Belgium and Spain to Vietnam."
Against the backdrop of these
dubious transactions, the
lawyers later on April 30
submitted a proposed
protective order to keep the
press and public away from the
documents they are using the
Federal system to get. Inner
City Press will have more on
this. The case is UMB Bank,
N.A. v. Soleil Chartered Bank,
18-cv-0987 (Schofield /
Moses).
***
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