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Shipowner arrested outside London court in insurance fraud case
GREEK shipowner Marios Iliopoulos was arrested as he left a London court where he had testifying in a US$77 million lawsuit against the insurers of a ship, which had been allegedly damaged by pirates off the coast of Yemen.
Police told Marios Iliopoulos he was being arrested for conspiracy to commit fraud and led him into the back of an unmarked car as he emerged from the Rolls Building, the court where large commercial cases are heard.
Suez Fortune Investments Ltd is seeking $77 million from Talbot Underwriting Ltd and other insurers over damage to the vessel Brillante Virtuoso in 2011, according to documents filed in the case.
Suez claims the ship was boarded by armed men who detonated a grenade that started a fire, damaging the vessel beyond repair. Iliopoulos was the ultimate beneficial owner of the ship, according to a previous legal ruling in the case.
The underwriters have questioned whether the attack took place as described.
Police told Marios Iliopoulos he was being arrested for conspiracy to commit fraud and led him into the back of an unmarked car as he emerged from the Rolls Building, the court where large commercial cases are heard.
Suez Fortune Investments Ltd is seeking $77 million from Talbot Underwriting Ltd and other insurers over damage to the vessel Brillante Virtuoso in 2011, according to documents filed in the case.
Suez claims the ship was boarded by armed men who detonated a grenade that started a fire, damaging the vessel beyond repair. Iliopoulos was the ultimate beneficial owner of the ship, according to a previous legal ruling in the case.
The underwriters have questioned whether the attack took place as described.
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