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British industrialist Sanjeev Gupta has not been back to the UK for more than two years, with Dubai now the centre of his operations.

The embattled metals tycoon has spent the past two years based in the emirate as he races to refinance $5 billion in Greensill loans. With a fraud investigation in the UK under way, and more debts due next year, can he pull through?
South Korea New South Wales Port Adelaide South Australia San Francisco United States
Source: afr.com

Bank Trust sues major traders in BVI for over $1 bln in fraudulent scheme

Russiaโ€™s Bank Trust has filed a lawsuit in a British Virgin Islands court against several major international commodity traders, including Cargill, Louis Dreyfus, Bunge, Quadra, Xangbo, and Liberty Commodities, alleging that they participated in a fraudulent scheme resulting in financial damages of over $1 billion. Bank Trusts decision to file the lawsuit in a foreign […]
British Virgin Islands Mikail Shishkhanov Louis Dreyfus Frost Bank Rost Bank Under Russian Russia Bank

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