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At one point Anil Kumar’s Ransat Group reported annual turnover of $500 million. Now he faces allegations from UBS that under his watch, funds belonging to Vincom Commodities Ltd were siphoned off to family members after it became insolvent.
The former director of a collapsed UK commodities trading company has hit back at claims by UBS that he allowed company funds to be siphoned off to family members after it became insolvent. UBS alleged in a UK High Court suit last year that Vincom Commodities director Anil Kumar breached his fiduciary duties by supplying ...
UBS has sued the director of a now-collapsed commodities trading company in a London court for $14 million for allegedly breaching his duties by moving money out of his business's accounts to his relatives despite defaulting on payments to creditors.
UBS has sued the director of a now-collapsed commodities trading company in a London court for $14 million for allegedly breaching his duties by moving money out of his business's accounts to his relatives despite defaulting on payments to creditors.