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Owner of collapsed refinery has £150m of assets frozen
The Guardian
|September 05, 2025
A court has frozen £150m of assets belonging to the owner of the collapsed Prax Lindsey oil refinery, an oil tycoon whose whereabouts have been a mystery since the plant's sudden financial implosion this year.
Administrators sifting through the wreckage of five companies in the Prax empire are suing Winston Soosaipillai, better known by his middle names, Sanjeev Kumar, for breach of his duties as a director after the energy group's failure.
Freshly published court filings revealed that in July a judge at the high court granted the companies' request for a "freezing injunction" against Soosaipillai.
The order prevents him from removing from England and Wales, or selling, assets worth up to £150m. If he fails to comply, he can be imprisoned, fined or his assets can be seized.
A separate claim form, detailing the companies' case against Soosaipillai, revealed that they are seeking damages "in connection with a securitisation facility to which each of the claimants is party".
Denne historien er fra September 05, 2025-utgaven av The Guardian.
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