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LEKOIL controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    Fraudulent purported Qatar Investment Authority financing

    LEKOIL announced a US$184 million loan facility said to be backed by the Qatar Investment Authority, then disclosed eleven days later that the arrangement was fraudulent. The company said individuals had impersonated QIA representatives and reported approximately US$600,000 in advance payments and legal costs. The incident triggered a severe share-price decline and raised governance and due-diligence questions.

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