Lawyers overseeing the liquidation of one of Bernard Madoff's so-called "feeder funds" have filed suit against the Abu Dhabi Investment Authority (Adia), seeking to recover US$300 million (Dh1.1 billion) allegedly redeemed more than five years ago.
The suit is one of more than 200 cases filed by lawyers overseeing the liquidation of Fairfield Sentry, a fund that solicited investments across the globe that were then pumped into Madoff's Ponzi scheme.
Fairfield Sentry's liquidators are seeking money they allege ADIA withdrew in 2005 and 2006, plus interest and court expenses.
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