Bloomberg: The investment company linked to Hossein Shamkhani in London is closing down.
Following the suspension of activities in Dubai, according to Bloomberg, the hedge fund claimed to be part of the business network under Hossein Shamkhani’s supervision has informed its London office staff about the initiation of the dissolution process. Is the network facilitating the sale of Iranian oil under Shamkhani’s control collapsing on the verge of Trump’s return?
According to Bloomberg, citing informed sources, Ocean Leonid Investments, a hedge fund said to be part of the business network used by Hossein Shamkhani, son of Ali Shamkhani, senior advisor to Ali Khamenei, the Supreme Leader of the Islamic Republic of Iran, to facilitate the sale of Iranian oil, has informed its London office staff that due to licensing restrictions, it is ceasing its activities in the UK capital.
According to Bloomberg, individuals who were informed of this company decision via letter or phone call say that although the majority of Ocean Leonid’s capital and financial commitments are concentrated in the United Arab Emirates, a portion of it is transferred to London for transactions. It is still unclear what exactly the company means by licensing restrictions and how its activities have been limited by which entity in Europe’s largest financial center.
What has happened to Ocean Leonid? According to documents from the UK’s Financial Conduct Authority (FCA), several employees of this hedge fund are only authorized to trade with clients until November 26.
Meanwhile, Bloomberg reported in late October, citing informed sources, that the Dubai International Financial Centre (DIFC), under increasing pressure from international regulatory bodies, has taken actions against Millavous Group and Ocean Leonid Investments, and both companies have recently appeared as inactive or suspended in the DIFC free zone registration system.