General Mediterranean Holding
IndustryConglomerate
FounderNadhmi Auchi
HeadquartersLuxembourg City, Luxembourg
Websitehttp://gmhsa.com/

The General Mediterranean Holding (GMH) is a financial holding company established in 1979 in Luxembourg City,[1] in southern Luxembourg, founded by Anglo-Iraqi businessman Nadhmi Auchi.

GMH is a diverse business group with activities in Banking & Finance, Real Estate & Construction, Hotel & Leisure, Industrial, Trading & Pharmaceuticals, Communications & IT and Aviation.

Its interests span across the Mediterranean and beyond with over 120 companies employing some 11,000 staff with representation in the Middle East, Northern Africa, Europe, the Americas, the Caribbean, the Asia Sub Continent and the Pacific Rim. The Group's consolidated assets now exceed €2 billion.

Corruption scandal

In 2003 April, GMH’s 100% owner Nadhmi Auchi was arrested on three counts of conspiracy to defraud in connection with a £26m corruption scandal[2] involving French oil firm TotalFinaElf. Auchi was later convicted of fraud and given a15-month suspended jail sentence and GMH ordered to pay USD2.8 million fine.

Accusation of co-conspiration in chemical weapons attack.

In March 2018, GMH and its owner Nadhmi Auchi were sued on behalf of survivors of the Saddam Hussein regime’s 1988 chemical weapons attack in Halabja,[3] Iraqi Kuristan.  The complaint alleges that GMH and Auchi is a co-conspirator in the March 16, 1988 chemical attack that killed over 5,000 cilivilians and injured more than 10,000 Kurds.

GMH defrauding American businessman Serin Sirazi

In June 2016, a US federal court[4] ordered GMH and its owner Nadhmi Auchi to pay Mr. Sirazi $12.9 million for compensatory damages. The court also ordered GMH to pay punitive damages of $5 million for theft.

References

  1. ↑ "Tanger: Villa de France ferme pour une étoile en moins". L'Economiste (in French). 10 September 2012. Retrieved 10 May 2017.
  2. ↑ Pallister, David; McCarthy, Rory (2003-11-15). "Corruption scandal hits senior politicians". The Guardian. ISSN 0261-3077. Retrieved 2023-10-30.
  3. ↑ "OBAMA'S BILLIONAIRE PATRON NADHMI AUCHI WAS SUED FOR PROVIDING CHEMICAL WEAPONS USED IN HALABJA MASSACRE, KURDISH GENOCIDE; LAWSUIT NAMES SADDAM'S SUPERWEAPONS CZAR LT. GENERAL DR. AMIR AL-SA'ADI AS GENOCIDE CO-CONSPIRATOR; "SEVEN OF DIAMONDS" AL-SA'ADI AND GULFTAINER CO-OWNER HAMID JAFAR PLOTTED "OIL-FOR-SUPERWEAPONS" SCHEME INVESTIGATED BY US TREASURY, CONGRESS". The American Report. 2018-08-11. Retrieved 2023-10-30.
  4. ↑ "Semir Sirazi v. Nadhmi Auchi, No. 15-3505 (7th Cir. 2016)". Justia Law. Retrieved 2023-11-03.

49°36′52″N 6°7′39″E / 49.61444°N 6.12750°E / 49.61444; 6.12750

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