UK faces ‘extraordinary’ $1bn claim from mining company
ENRC seeking compensation for losses it says were result of fraud inquiry dropped last year, court hearsThe UK government faces an “extraordinary” $1bn damages claim, a court has been told, in a lawsuit brought by a mining company that has been bankrolled by Russian banks targeted by sanctions.ENRC, the UK-based arm of a global mining conglomerate belonging to oligarchs, is seeking compensation for losses it claims it suffered as a result of a decade-long Serious Fraud Office (SFO) investigation that was dropped last year, according to court documents. Continue reading...
ENRC seeking compensation for losses it says were result of fraud inquiry dropped last year, court hears
The UK government faces an “extraordinary” $1bn damages claim, a court has been told, in a lawsuit brought by a mining company that has been bankrolled by Russian banks targeted by sanctions.
ENRC, the UK-based arm of a global mining conglomerate belonging to oligarchs, is seeking compensation for losses it claims it suffered as a result of a decade-long Serious Fraud Office (SFO) investigation that was dropped last year, according to court documents. Continue reading...
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