Tether, the world’s largest stablecoin issuer, has been caught in the middle of a $1 billion battle in London’s High Court.
According to the news presented by the Financial Times on Tuesday, November 21, Tether was detained by US authorities last year. bribe accused of allegations Conservative Party A financial services group founded by more than 1 billion dollars deposited.
In applications made to the London High Court, Tether used the funds in question. Britannia Financial GroupIt was stated that he deposited it in a subsidiary of . This money deposited by Tether, a company registered in the British Virgin Islands Britannia Financial And arbitrary It was at the center of a legal battle between International.
Arbitral International, a company registered in the British Virgin Islands, provided information to Britannia from Tether. A deposit of $1 billion because of case opened.
In court files, Tether in November 2021 A subsidiary of Britannia Financial you opened an account place was given.
Britannia Financial was indicted by US authorities in August 2022 for an alleged bribery scheme. Venezuelan-Italian banker Julio Herrera Velutini It was founded by. Herrera Velutini vehemently denied the accusations, saying:baseless” And “political purposeful” he described it as.
The new CEO of the company Paolo Ardoino He told the Financial Times last year that he had strong relationships with more than seven banks.