Legal
Mainstream Renewable Power says it will ‘vigorously contest’ fraud allegations made in NY lawsuit
The action has been taken by Ares Capital, an alternative investment manager
Mainstream Renewable Power, the Irish energy company, has been accused of “concocting an illegal and fraudulent scheme to cheat their lenders” in a law suit filed last week in New York.
The action has been taken by funds linked to Ares Capital, an alternative investment manager, which says it is owed $313 million as part of a financing deal for Mainstream’s Chilean energy project.
Ares has accused Mainstream of “the illegal theft of value” arising ...
