By Maya Lester KC & Michael O’Kane

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

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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