Defendant Name: Brooge Energy Limited

Defendant Type: Public Company

Document Reference: 2023-256

Document Details

Legal Case Name In the Matter of Brooge Energy Limited, Nicolaas Lammert Paardenkooper and Lina Saheb
Document Name SEC Charges UAE-Based Brooge Energy and Former Executives with Fraud
Document Date 22-Dec-2023
Document Format Administrative Proceeding
File Number 3-21816
Allegation Type Issuer Reporting and Disclosure
Document Summary On December 22, 2023, the SEC "announced fraud charges against Brooge Energy Limited, a publicly-traded energy company located in the United Arab Emirates, the company’s former CEO, Nicolaas Lammert Paardenkooper, and its former Chief Strategy Officer and Interim CEO, Lina Saheb."

Disgorgement & Penalty Information

Resolutions
None Specified
Monetary Penalties:

Civil Penalty

Individual:     $5,000,000.00 Shared:    

Related Documents:

33-11260 22-Dec-2023 Administrative Proceeding
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
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."
34-99589 23-Feb-2024 Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until November 29, 2024 to submit a Proposed Plan of Distribution is granted."
34-99901 03-Apr-2024 Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Miller Kaplan Arase LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."

Other Defendants in Action:

Nicolaas Lammert Paardenkooper
Lina Saheb