Seychelles company seeks recovery of funds frozen by Deutsche Bank

Askan Holdings, a Seychelles-based subsidiary of Transylvania International Airlines, has filed a complaint in a Washington DC federal court seeking an injunction for the recovery of $915,960, which was frozen at OFAC’s request after a deal to purchase an Airbus aircraft fell through. Askan also requests OFAC provide the unclassified information supporting its decision to deny Askan’s licence applications for …

TerrorismTerrorism United StatesUnited States

About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

See profile for Michael O'Kane >