Oak Capital enters liquidation following controversial employee incident and legal issues
Non-bank lender Oak Capital entered liquidation after a controversial incident involving an employee, Mo Ahmed, chased by a TV crew in 2022. Once managing $700 million in funds, the firm faced legal actions over alleged misconduct. Ahmed denies being the same individual declared bankrupt in 2020, raising questions about his employment at a licensed financial company.
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Published 01 Jul 2026, 05:45 UTC · Updated 01 Jul 2026, 05:50 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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