As recently as November, the publicity-shy owner of Prax Group wanted investors to know that his $10bn challenger company was fast becoming a “formidable force” in the energy industry.
“Twenty-five years on from when we started, we are a much bigger, stronger, better business in all kinds of ways,” founder and chief executive Sanjeev Kumar Soosaipillai said in the introduction to Prax’s glossy annual report.
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