The Prax Lindsey oil refinery in Immingham, Lincolnshire. Prax collapsed last year with more than £1.5bn worth of debts - Asadour GuzelianThe former boss of a collapsed Lincolnshire oil refinery has been accused of overseeing a $236m (£177m) fraud. In submissions to the High Court, Glencore said it was "induced by fraudulent misrepresentations" into delivering more than $236m worth of oil to Prax's Lindsey oil refinery near Grimsby before it collapsed in June last year. The company says it was misled about Prax's financial position, including claims that the oil refinery was solvent and able to pay its debts. The Anglo-Swiss company argues that it continued to own the crude oil while it was being processed by Prax's Lindsey oil refinery.