ID: ARW-435
Violations committed by the Morganti Group Inc in implementing a government project case
$369.33K
Assets Returned
Country of Asset Location
Jordan
Other Jurisdictions Involved
United States
Disposition of Criminal Case(s)
At time of reporting (2020), there was a concluded investigation/prosecution related to this case in the country of asset location (Jordan).
The outcome was the total of asset returns of 312.000 JOD.
Action Initiating Asset Recovery
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets returned
Legal Basis for Asset Recovery in the country of asset location
Administrative Confiscation
Legal Basis for International Cooperation
Other
Reciprocity
Manner of Asset Transfer
Direct wire transfer to a centralized government account (e.g. general budget)
Contributing Factors in Asset Recovery
Other
Specify Other
The use of confiscation order based on their fair value
Notes
The legal basis for international cooperation was based on the International Federation of Consulting Engineers (FIDIC).
Assets returned
#1
Assets returned
262,000.00 JOD
Assets Returned (USD equivalent)
$369,326.00
Date of return
November 2013
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
Yes – another agreement
Monitoring and Disbursement Arrangements
Contract Agreement.
Assets were disbursed for the purpose of implementing a government project.
Assets Confiscated
#1
Date of confiscation
October 2010 - January 2011
Jurisdiction
Jordan
Asset Type at Time of Confiscation
Securities
Legal entity or arrangement
Other
Specify Other
Confiscation for insuring proper implementation of the project
Assets Frozen/Seized
#1
Date of freeze/seizure
February 2014
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Jordan
Data Source
Official information provided by country authorities