Ex-Biz Partner Accused Of $1B Trickery Says He Is Victim

Law360, London (October 29, 2019, 5:33 PM GMT) -- A Ukrainian businessman denied on the witness stand at a London court on Tuesday that a former partner had paid for his shares in a metals company with "sweat equity."

Sergiy Taruta's testimony is part of a web of litigation in which he is suing two former partners for allegedly unpaid debts. One of them has claimed the others owed him $1 billion for buying his stake at a fraudulently fixed price.

The trial at London's High Court revolves around a case brought by Taruta's former friend and metals company co-founder, Vitali Gaiduk, against Taruta and the third former partner, Oleg Mkrtchan,...

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