Co-Founding father of Bankrupt Hedge Fund 3AC Su Zhu Arrested in Singapore
Su Zhu, the co-founder of the collapsed hedge agency Three Arrows Capital (3AC), was arrested in Singapore whereas attempting to get in another country, in keeping with joint liquidators Teneo.
Su Zhu Has Been Arrested In Singapore
Su Zhu, the co-founder of the collapsed hedge agency Three Arrows Capital (3AC), was arrested in Singapore whereas attempting to get in another country, in keeping with joint liquidators Teneo.
Teneo was given a committal order in opposition to Zhu after he didn’t adjust to a earlier ruling requiring data and data associated to 3AC’s chapter. Committal orders are used to imprison people who find themselves in contempt of courtroom.
Zhu will serve 4 months in jail whereas liquidators attempt to recuperate belongings owed to collectors from the agency’s $10 billion implosion in 2022 following Terra’s failure.
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