Russian banks agree to share asset information with prosecutors

By Joanne Faulkner (November 30, 2020, 20:44 GMT) — Two of Russia’s biggest banks seeking to recover more than $700 million in a complex High Court fraud lawsuit have been allowed to hand over evidence to criminal investigators in Russia—although an appeals court almost immediately stayed the order while it considered a challenge.

Judge Simon Bryan said lenders PJSC National Bank Trust and Bank Otkritie Financial Corp. could provide “asset disclosure documents” following a Russian criminal court order. The lenders have filed lawsuits in London accusing a Russian billionaire and his sons of fraudulently repaying their company’s bank loans with money from the lenders.

The documents in…

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