Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Ex-Balli Steel boss sentenced to prison for trade financing scam

April 05, 2023 Reprints

London's Southwark Crown Court on April 4 sentenced Nasser Alaghband, the former chief executive of the collapsed firm Balli Steel PLC, to six and a half years of jail for his involvement in a widespread trade financing fraud, XM reported citing Reuters. Mr. Alaghband had helped Balli Steel in obtaining trade financing and lied to banks as the company’s financial position deteriorated in 2012 and 2013. The fraud costed five lenders a total of approximately $150 million.

Help

Ex-Balli Steel boss sentenced to prison for trade financing scam

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources