The claim (CL-2024-000213) brought in the UK by 400+ OneCoin investors against Peters & Peters’ client, Mr Monirul Islam, in July 2024 in relation to OneCoin, together with accompanying worldwide freezing orders, have been withdrawn by mutual agreement between the parties.

No payments whatsoever have been made by Mr Monirul Islam to the claimants in relation to the claim and the claimants have contributed to the legal costs incurred in relation to defending the claim and the accompanying worldwide freezing orders.

The withdrawn claims include (but are not limited to) all allegations of fraud and dishonesty made against Mr Monirul Islam.

The Peters & Peters team acting for Mr Monirul Islam was led by Jonathan Tickner and Paul Johnson with support from Charles Coleman and Sabrin Fetih. James McWilliams of 3 Verulam Buildings was instructed as counsel.