Defendant Name:
Brooge Energy Limited
Defendant Type:
Public Company
SIC Code:
9999
CUSIP:
G1611B10
Document Reference:
33-11260
Document Details
Legal Case Name
In the Matter of Brooge Energy Limited, Nicolaas Lammert Paardenkooper and Lina Saheb
Document Name
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
22-Dec-2023
Document Format
Administrative Proceeding
AAER
4480
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On December 22, 2023, the SEC instituted cease-and-desist proceedings against Brooge Energy Limited, Nicolaas Lammert Paardenkooper, and Lina Saheb stating: "These proceedings arise out of an accounting and offering fraud by Brooge, which
is a publicly-traded company that owns and operates an oil storage facility in Fujairah, United
Arab Emirates."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Compliance Related Independent Consultant
Fair Funds
Monetary Penalties:
Civil Penalty
Individual:
$5,000,000.00
Shared:
Other Defendants in Action:
