A Kazakh mining company sued the UK’s anti-fraud authority for $93-million – the amount it has racked up in legal costs – as the agency moves closer to a decision on whether to charge one of its billionaire owners.
Eurasian Natural Resources Corp claims the SFO colluded with the company’s own lawyer to manufacture grounds for a probe, forcing the company to pay millions on legal fees for internal investigations and defense, according to the lawsuit filed in London Tuesday.