LVMH-Backed Asia Private Equity Fund Sued by Fired Executive
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Mehra seeks at least $37.5 million in claims for dismissal
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L Capital says it fired executive for alleged misconduct
An Asian private equity unit backed by LVMH Moet Hennessy Louis Vuitton SE is being sued by a former executive, who is claiming he was fired for revealing wrongdoing at the business.
Uday Mehra said in Singapore court documents that he had raised his concerns over alleged behavior at LVMH’s regional private equity fund, L Capital Asia Advisors, such as raising profit projections for an investment target to generate illegitimate gains in a separate fund. Mehra also alleges that L Capital’s head made an acquisition despite opposition from his investment team and without proper due diligence. Mehra claims that the firm conspired to fire him in a bid to “stifle the embarrassment” that would have been caused by a full and effective probe into his whistle-blowing…
LVMH-Backed Asia Private Equity Fund Sued by Fired Executive
