Bloomberg: The investment company associated with Hossein Shamkhani is closing in London
Following the suspension of activities in Dubai, Bloomberg reports that the hedge fund claimed to be part of the business network overseen by Hossein Shamkhani has informed its London office staff of the commencement of the dissolution process. Is the network facilitating the sale of Iranian oil under Shamkhani’s control collapsing on the brink of Trump’s return?
According to Bloomberg, citing informed sources, the Ocean Leonid Investments hedge fund, said to be part of the business network that Hossein Shamkhani, son of Ali Shamkhani, senior advisor to Ali Khamenei, the Supreme Leader of the Islamic Republic of Iran, uses to facilitate the sale of Iranian oil, has informed its London office staff that due to licensing restrictions, it is ceasing its operations in the UK capital.
Bloomberg reports that individuals who were informed of this decision by the company 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 the Millavous Group and Ocean Leonid Investments. Both companies have recently appeared as inactive and suspended in the DIFC’s free zone registration system.