Archive for April, 2011

Lawsuit against ‘ADIA’ on Madoff’s ponzi scheme

April 17, 2011, Posted by admin at 5:22 am

Liquidators for a feeder fund that invested in Bernard Madoff’s ponzi scheme filed suit against the Abu Dhabi Investment Authority (ADIA) ADIA had invested large fund with Mr Madoff, by way of the Fairfield Sentry Fund. According to a media report, Fairfield Sentry Fund had more than $7 billion invested with Mr Madoff and was [...]

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UAE Government Detains Pro-democracy Activists

April 13, 2011, Posted by admin at 5:19 am

UAE Government Detains Pro-democracy Activists April 13, 2011 Abu Dhabi Human Rights Watch believe the detention of Ahmed Mansoor is aimed at scaring and intimidating others in the UAE who may wish to make public their demands for democratic reforms. While other governments in the region are discussing democratic reforms, the UAE government is digging [...]

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