Banker Faces Trial For Aiding €100M Dutch Shipping Fraud

Law360, London (November 13, 2019, 12:08 AM GMT) -- A Liechtenstein banker dishonestly provided information from the bank to a U.K. law firm as part of a €100 million ($111 million) fraud against a Dutch shipping company, prosecutors told a jury on the opening day of a trial in London.

Othman Louanjli, a relationship officer for Liechtensteinische Landesbank, or LLB, facing fraud and money laundering charges, helped fraudster Louis Nobre get control of the investment by Dutch shipping company Allseas SA in 2011, lead prosecutor David Durose QC said.

Allseas was seeking to raise capital in order to fund the building of a new ship, but lost control of the...

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