Russian Banks Expand Fraud Suit Against Ex-Owners, Execs

Law360, London (August 4, 2020, 1:59 PM BST) -- The former bosses of two major Russian banks were dragged into a complex fraud lawsuit in London on Tuesday after the lenders accused the men of helping a businessman to sell junk bonds to pay off his debts.  

Judge Mark Pelling QC granted an application by PJSC National Bank Trust to consolidate its commercial fraud claim against the O1 Group and the Mints family to include new allegations against former executives at ROST Bank and Bank Otkritie Financial Corp.

PJSC National Bank Trust and a private bank, Otkritie, which are claimants in the lawsuits, have accused Mikhail Shishkhanov - former majority...

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