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Defendant found in contempt of court for flagrantly breaching a Mareva injunction and asset disclosure orders.
The plaintiffs brought a motion to hold the defendant in contempt of court for violating a Mareva injunction and subsequent court orders.
The defendant had previously agreed to a settlement to repay misappropriated funds and consented to the continuation of the Mareva injunction.
However, the court found beyond a reasonable doubt that the defendant intentionally breached the orders by failing to disclose assets, moving funds through undisclosed accounts, and failing to provide evidence for his non-attendance at a previous hearing.
The defendant was found in contempt, ordered to surrender his passports, and a sentencing hearing was directed to be scheduled.
Adjournment of contempt motion denied where moving parties lacked evidence to prove allegations.
The plaintiffs brought a motion to hold the defendant in contempt of court for failing to disclose his assets as required by a Mareva injunction.
The plaintiffs subsequently requested an adjournment sine die to gather more evidence from unnamed third parties.
The court refused the adjournment, noting that civil contempt is a proceeding of last resort and should not be alleged without sufficient evidence already in hand.
The plaintiffs were directed to advise whether they were abandoning their motion.