| Bank Audi of
Lebanon Accused of Keeping $17 Million Now
Questions of Correspondent Banks
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
March 3 – Patricia Raad
says she placed $17 million
with Lebanon's Bank Audi and
now they won't give her the
money back.
She has
sued.
Raad and
two relatives filed in New
York State court, but Bank
Audi on December 31 removed
the case to the U.S. District
Court for the Southern
District of New York, in the
docket of which Inner City
Press found it.
DLA Piper,
in the Corporate Disclosure
Statement it filed, said Bank
Audi S.A.L. does not have a
corporate parent, and that no
publicly traded company owns
ten percent of more of Bank
Audi S.A.L.'s comment stock.
Its
Jeffrey D. Rotenberg recounts
in a declaration that on
December 18 a virtual hearing
was held before Judstic
Ostanger, and that also
present were counsel for
JPMorgan Chase, Citibank, Bank
of New York Mellon and
Standard Chartered.
On March
3, SDNY Magistrate Judge Ona
T. Wang held a proceeding.
Inner City Press covered it.
The plaintiffs want to
attach funds. Judge Wang asked
about it, and about
correspondent banks.
The case is Raad
et al. v. Bank Audi SAL et
al., 20-cv-11101 (Nathan /
Wang)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2021 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
