Energy Tycoon Charif Souki Faces $100 Million Debt Ruling

By
Rafaela Santos
1 min read

A Texas bankruptcy judge has ruled that energy tycoon Charif Souki owes lenders at least $100 million, rejecting his allegations that the lenders undermined his efforts to retire personal debt. Souki had used his luxury ranch and shares of a liquefied natural gas export company as collateral for personal loans. The judge denied allegations that the lenders destroyed the value of the ranch and sold shares of Souki's LNG export company at unreasonably low prices. This decision underscores the challenges faced by Souki amidst financial difficulties.

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