According to court records from London, the global commodities trader Trafigura has accused Indian businessman Prateek Gupta of committing “systematic fraud” involving nickel shipments totaling around $600 million.
The sought-after Dubai neighborhood of Palm Jumeirah is where the wanted businessman Gupta resides.
According to the freezing order document, a London High Court judge consented to impose a $625 million freezing order on assets held by Gupta and businesses connected to him, including a property on the Palm Jumeirah.
According to a Gupta spokeswoman, he intends to appeal the freezing ruling.