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Lebanon: Oil Trader IMMS Sues Local Bank for $1 Billion
November 28th, 2019 - 10:30 GMT

Lebanon: Oil Trader IMMS Sues Local Bank for $1 Billion

Oil trader IMMS has taken Lebanese bank BankMed to court in the US state of New York accusing it this month of failing to return $1 billion of its deposits when requested, according to court documents seen by Reuters. BankMed did not respond immediately to a request for comment. IMMS Chief Executive Murtaza Lakhani, who trades European, Middle Eastern and Asian oil and oil products, said he would not comment ...
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