Asia Momentum Fund

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Allegations

SRC Strategic Resources Ltd. et al: Chapter 15 Petition (‘1MDB Fraud’)

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the British Virgin Islands by Helen Janes, Angela Barkhouse, and Carl Jackson, as the Foreign Representatives of SRC Strategic Resources Limited, Bright Oriande Limited, and SRC International (Malaysia) Limited, all in Voluntary Liquidation, collectively described as being "part of the fraud perpetrated against 1 Malaysia Development Berhad, a sovereign wealth fund owned by the Malaysian Ministry of Finance, in which numerous entities and individuals formed a network to divert and distribute funds to the fraudsters who orchestrated the fraud and to individuals and/or entities connected to them", at the U. S. Bankruptcy Court for the Southern District of Florida.
Stuart Brankin Profile

Circumference Group removes Stuart Brankin from website after $212M fraud allegation

Stuart Brankin appears to have left Cayman Islands corporate services provider Circumference FS after OffshoreAlert revealed allegations of fraud against one of their clients. All references to Brankin, including his name, photo, and profile, were removed from Circumference's website one day after we reported that Asia Momentum Fund, of which Brankin was a director and to which Circumference provided services, had been accused of swindling Malaysian citizens out of more than $212 million as part of a wider $4.5 billion fraud involving 1MDB.

‘Remove image of Stuart Brankin,’ writes Circumference Group

Letter from Charlotte Hoffman, Group General Counsel of corporate services provider Circumference, requesting the removal from an article of an image of Circumference employee Stuart Brankin, who was a director of a fund - Asia Momentum Fund - that had been accused in a lawsuit of swindling an investor out of $212 million as part of a wider $4.5 billion fraud against a Malaysian Government-operated company known as 1MDB. Brankin's image was "taken directly from our website without permission by us or by Mr. Brankin", wrote Hoffman, whose group provided various corporate services to Asia Momentum Fund.
Asia Momentum Fund

Cayman Fund ‘swindled Malaysian citizens out of $212M as part of 1MDB fraud’

A Cayman Islands fund allegedly swindled a British Virgin Islands investment vehicle whose ultimate investors were "citizens of Malaysia" out of more than $200 million as part of the 1MDB fraud, all while its directors, Stuart Brankin (pictured), Desmond Campbell, and Christine Godfrey, collectively received fees and expenses "totaling more than US$100,000", it has been claimed in a lawsuit.

SRC International (Malaysia) Ltd. v. Asia Momentum Fund (SPC) Ltd.: ‘Court Supervision’ Petition (‘1MDB Fraud’)

Petition for Court Supervision of a Voluntary Liquidation in SRC International (Malaysia) Limited (in Liquidation), a British Virgin Islands-domiciled company whose ultimate parent was 1Malaysia Development Berhad, a.k.a. 1MDB, until 2012, when its ownership was transferred to "the Malaysian Ministry of Finance" v. Asia Momentum Fund (SPC) Ltd. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.