The victim is a Canadian company engaged in mineral exploration and the development of seafloor copper, gold, silver, and zinc mining projects. They have affiliations with a Dubai-based marine solutions company and were in the process of providing a charterer's guarantee for an offshore project.
According to sources, there was an incident in which the victim mistakenly made a $10-million deposit into an unauthorized account instead of to the Dubai-based company. This occurred during late November 2014, and the discovery of the error was made in December.
Upon realization, the situation was promptly reported to authorities and an investigation was launched. The company has collaborated with its Dubai-based partner to find a resolution. Furthermore, both entities will decide on the steps to take regarding the misdirected funds once the investigation concludes, which is anticipated to span several months. Meanwhile, the ongoing construction of the related vessel remains unaffected.