Oaktree Executive Wanted Over $264 Million May Avoid Extradition - Bloomberg:
"A Oaktree Capital Group LLP executive in London wanted in the United Arab Emirates over a $264 million embezzlement dispute may avoid extradition, his lawyer said at a court hearing Monday.
A lawyer for Martin Graham -- a senior vice president at the world’s largest distressed-debt investor -- told a London court that a potential settlement related to the case may lead to the extradition request being withdrawn. The UAE issued a warrant after a local court sentenced the Briton last year in absentia to three years in prison, alleging he stole $264 million from engineering contractor Gulmar Offshore Oil Company.
Graham’s lawyer, Rachel Scott, told the court that settlement talks between Gulmar and shareholders including claimant Jean-Michel Tissier, who is behind the criminal complaint, may be resolved shortly and the warrant rescinded. It could also see the conviction overturned, she said."
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