Gold Traders Secure £1.4M Freezing Order In Bank Fraud Suit

Law360, London (March 16, 2020, 5:01 PM GMT) -- Two Swiss gold traders have secured a £1.4 million ($1.7 million) worldwide freezing order in pursuit of litigation against a British company and its directors in London for allegedly transferring money from Lloyds Bank accounts without authorization.

Judge Richard Hermer issued an asset prevention and freezing consent order against Colony Capital Ltd. and its directors, Richard Winter, James Tierney and Sarabjit Khera, on March 11 after both sides agreed to the terms.

Global Metals AG and Silcasur AG asked the court to freeze £1.4 million while the bank fraud dispute plays out. Judge Hermer has also frozen the Lloyds accounts connected...

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