20-05-2023, 04:09 PM
May 20, 2023 12:53 AM GMT+8Last Updated 15 hours ago
By Eric Onstad
LONDON, May 19 (Reuters) - A London judge agreed on Friday to extend a freezing order on assets of the wife of Indian businessman Prateek Gupta in addition to a $625 million global order already in effect on her husband and his firms.
Commodity trading firm Trafigura, which sought the order, said in February it had booked a $577 million charge relating to what it alleges is "systematic fraud" by Gupta's companies over nickel cargoes.
Freezing orders are injunctions granted by the English courts to restrain individuals or businesses from disposing of or dealing with assets on a worldwide basis.
https://www.reuters.com/markets/commodit...023-05-19/
By Eric Onstad
LONDON, May 19 (Reuters) - A London judge agreed on Friday to extend a freezing order on assets of the wife of Indian businessman Prateek Gupta in addition to a $625 million global order already in effect on her husband and his firms.
Commodity trading firm Trafigura, which sought the order, said in February it had booked a $577 million charge relating to what it alleges is "systematic fraud" by Gupta's companies over nickel cargoes.
Freezing orders are injunctions granted by the English courts to restrain individuals or businesses from disposing of or dealing with assets on a worldwide basis.
https://www.reuters.com/markets/commodit...023-05-19/