The United Arab Emirates Steps In And Freezes Assets, Imposes Sanctions On Daniel Kinahan
The United Arab Emirates is the latest to impose consequences onto Daniel Kinahan, who is accused of having a role in the Kinahan Organized Crime Group.
The UAE has frozen all identified assets of the KOCG and issued sanctions on Kinahan along with his father, Christopher Vincent “Christy” Kinahan Sr and his brother Christy Jr., according to Boxing Scene.
“The relevant authorities cooperate closely on cases involving foreign elements in line with the UAE’s international commitments and national legal framework for combating illicit activity,” a UAE government representative told Boxing Scene.
“In the case of the Kinahan Organised Crime Group, the UAE has been working proactively on its own investigations and as a result of this all relevant assets have been frozen.”
U.S. businesses have been forbidden to conduct any business with Kinahan and the six others who were named as key members of the crime group. UAE has issued the same ruling, a measure that could affect the growing boxing scene in Dubai, which includes Probellum.
On Wednesday, Eurosport dropped the two Probellum shows they had agreed to air, which includes Friday’s interim title fight between late replacement Jonas Sultan and challenger Paul Butler.
While Probellum’s President Richard Schaefer said he and his company have no connection to Kinahan, Probellum promoted several fighters who were advised by Kinahan, according to Sportsmail.
MTK Global announced earlier this week that they were ceasing operations at the end of the month due to unprecedented scrutiny. They emphasized they parted ways with Kinahan, the company’s co-founder, in 2017.
Top Rank CEO Bob Arum admitted earlier this week that he paid up to $8 million to Kinahan for Fury’s past four fights. Queensberry promoter Frank Warren and WBC heavyweight Tyson Fury denied knowing about the payments.
“Top Rank is a competitor and since Probellum’s inception, Top Rank has never worked directly with us,” Probellum said in a statement on April 13. “Any suggestions that Daniel Kinahan is a shareholder or owner of Probellum are false and defamatory.”
The U.S. government is offering a $5 million award for any information that could lead to Kinahan’s arrest, who is facing accusations of drug trafficking and money laundering, to name a few.