Russian Oligarchs Sued For £22M After Bank's Bailout

Law360, London (January 29, 2019, 2:01 PM GMT) -- Investors in a Russian bank that was bailed out by Moscow are suing two oligarchs for almost £22 million ($29 million) at the High Court in London, accusing the brothers of concealing “serious financial difficulties” at the lender before it was nationalized.

Investors described as “VIP clients” of the Russian bank have demanded almost £22 million ($29 million) from the oligarch brothers after Moscow rescued the troubled lender in 2017. (AP) Nine “VIP clients” of PAO Promsvyazbank have demanded £21.6 million from Dmitri and Alexei Ananyev, after the Central Bank of the Russian Federation stepped in to rescue the troubled lender...

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