TOKYO AP - Lehman Brothers is accusing a Japanese trading company of perpetrating a massive fraud and plans to sue it for hundreds of millions of dollars euros, officials at the U.S. investment bank said Sunday.Lehman is seeking to recoup US$350 million �???221.58 million in outstanding loans, which it provided to a unit of LTT Bio-Pharma, according to company officials who spoke condition of anonymity, citing the sensitivity of the case.
March 31, 2008 at 12:00 AM
1 minute read
TOKYO AP – Lehman Brothers is accusing a Japanese trading company of perpetrating a massive fraud and plans to sue it for hundreds of millions of dollars euros, officials at the U.S. investment bank said Sunday.
Lehman is seeking to recoup US$350 million � 221.58 million in outstanding loans, which it provided to a unit of LTT Bio-Pharma, according to company officials who spoke condition of anonymity, citing the sensitivity of the case.
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