Oakajee backer in court setback

US District Court clears way for $400m fraud claim against firm at centre of funding plan for Oakajee project.

The US District Court has cleared the way for a $400 million fraud claim against the “sham” company at the centre of colourful Sydney businessman Roland Frank Bleyer’s audacious plan to finance the Oakajee port and rail project in Western Australia.

The court order comes as Perth-based junior explorer Padbury Mining continues to defer its promise to reveal the details of its $6.5 billion deal with Mr Bleyer’s company, Superkite, to revive the long-stalled Oakajee project.

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