Financial MarketsThe GuardianThu, Sep 4, 2025, 6:00 AMNegative

UK court freezes £150m of assets of collapsed Prax Lindsey oil refinery owner

A UK court has frozen £150 million in assets belonging to Sanjeev Kumar, the owner of the collapsed Prax Lindsey oil refinery. This decision follows lawsuits against him for breach of duties, highlighting the financial turmoil surrounding the refinery's sudden closure earlier this year.

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A UK court has frozen £150 million in assets belonging to Sanjeev Kumar, the owner of the collapsed Prax Lindsey oil refinery. This decision follows lawsuits against him for breach of duties, highlighting the financial turmoil surrounding the refinery's sudden closure earlier this year.
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