Marubeni fights back
JapanÆs Marubeni says an alleged fraud case should have raised warning signals to Lehman Brothers.
Lehman Brothers on Monday filed a suit against one of JapanÆs largest trading companies, Marubeni, to be repaid $353 million in funds that it is owed as a result of an alleged investment fraud. This came after Marubeni on March 29 issued a press release describing several factors of the alleged fraud which it says should have alerted Lehman to the anomalous nature of the case.
ItÆs quite obvious that the overall scheme, including the amounts involved would be extremely...
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