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Saturday, 21 January 2017

UAE authorities throw out conviction of Oaktree Capital executive

UAE authorities throw out conviction of Oaktree Capital executive:

"Authorities in the United Arab Emirates have quashed the conviction of a London-based executive of Oaktree Capital who was convicted in absentia of a $264m theft and sentenced to three years in prison. Oaktree, one of the biggest distessed-debt investors in the world, said in a statement on Friday that the prosecutor in Sharjah had dropped the case against Martin Graham, a 38-year-old Briton who remains a senior vice president at the firm. Oaktree’s vice chairman, John Frank, said in the statement:"



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