UAE-based energy firm and former top executives charged by SEC

Fraud charges against Brooge Energy and two top executives result in permanent bans on them as officers and directors.

Last Friday, 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.

According to the SEC order, before and after going public

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