New York City's biggest foreclosure halted as new creditor emerges
It says it is owed money for about US$83m worth of petrol and jet fuel by the apartment's owner
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New York
NEW York's biggest foreclosure auction, for a penthouse at the One57 luxury tower near Central Park, has been halted after a new creditor emerged saying it's owed money - for about US$83 million worth of petrol and jet fuel - by the owner of the apartment.
Unit 79 at the Billionaires' Row tower - bought in 2014 for US$50.9 million - was scheduled to be sold at auction on Wednesday, in a seizure forced by a Luxembourg lender seeking to recoup an unpaid US$35.3 million mortgage. The US Justice Department intends to collect any remaining proceeds, claiming the owner bought the condo with illicit gains from Nigerian crude-oil sales.
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