(“Cougar”), a Singapore registered company. The alleged fraudulent borrowers included Aref Holdings Ltd, Adalene Limited, Bellaven Limited, Baguera Limited (“Cyprus borrowers”), and Cougar Pacific Ltd. r set of companies who in tum fraudulently transferred the funds to APF for the sole benefit of Mr Konoshita.The allegation is that funds supplied by JTrust to purchase convertible bonds from Group Lease, were used by Group Lease to make sham loans through its subsidiaries to a particula The claimant claims misrepresentation and fraud against Mr Konoshita, and knowing receipt of misappropriated funds or trust property by the respondents from Group Lease and /or dishonestassistance of Group Lease in the misappropriation of funds belonging to JTrust. One of the considerations among others intimated by the Judge for seiting the order aside, appears to have been that the attorneys failed to disclose that at the time of their application there were two extant WFOs against the defendants one in this jurisdiction as well as in Cyprus. The laim in the Singapore action is one of conspiracy it does not appear to be a proprietary claim and to that extent is different from this claim. re freezing order was discharged on 21st February 2018. Following upon that, two other courts namely Singapore (26th December 2017) and Cyprus (8th January, 2018, district court of Nicosea) granted WFO against Konoshita and institutions associated with him and said to have engaged in a conspiracy with him. On 24th December 2017 this court granted a WFO ex parte against the defendants.
Group Lease which was at all material times involved in the business of an investment company offering for sale to institutions interest bearing bonds which were convertible at the option of the investor into Equity of Group Lease. It holds the controlling stake in Group Lease. was a director and Chief Executive Officer of Group Lease Public Company Limited (“Gro p Lease”) a company listed on the Thai stock exchange. Ltd (“APF”), the second respondent, and at all material times, until 16th October 2017, he. He is a director and 51% shareholder in ‘A.P.F. Mitsuji Konoshita, the first respondent (also called “the respondent”), is a Japanese nationat and a permanent resident of Singapore.
JTrust is a company incorporated in Singapore, and is a wholly owned subsidiary of JTrust Company Ltd of Japan (“JTrust Japan”). The burden is on the claimant to persuade the court that the WFO should be continued. Adderley, J: This is the inter parties return date hearing where the respondents seek to discharge a Worldwide Freezing Order (“WFO”) granted ex parte to JTrust Asia PTE Ltd (“JTrust”), the claimant, on 24th December 2017. Nader and Mr Daniel Mitche.ll of Forbes Hare for the Resp. Mr Vernon Flynn QC, Mr Peter Ferrer and Ms Marcia McFarlane of Harneys for the Claimant Electronic Litigation Filing and Service Procedure Rules.ECSC E-Litigation Portal User Information.Legal Profession Disciplinary Procedure Rules (St.Non Contentious Probate Rules and Administration of Estates.ECSC Civil Procedure (Amendment) (No.2) Rules.ECSC (Sittings of the Court) Rules, 2014.Court-Connected Mediation Practice Direction Forms.Honourable Sir Lascelles Lister Robotham.The company UEN is 198300119N, registered with ACRA on. The Business's principal activity is WHOLESALE OF PARTS AND ACCESSORIES FOR VEHICLES. The Business current operating status is Struck Off. The address of the Business's registered office is 35A LORONG 17 GEYLANG, Postal 388559. The company was incorporated on, which is 39.6 years ago. ACTIO ENTERPRISES PTE LTD is a Singapore EXEMPT PRIVATE COMPANY LIMITED BY SHARES.