Russian executive fights £ 101million lawsuit over ‘falsified’ loan documents

By Lucia Osborne-Crowley (November 2, 2021, 2:30 p.m. GMT) – A Russian supermarket executive has hit back at a £ 101million ($ 137million) lawsuit brought by a Dutch special-purpose vehicle for an unpaid loan, claiming that his signature guaranteeing the loan was forged.

Boris Vasilyev told the High Court it should dismiss a document purporting to give his personal guarantee against a £ 100million loan taken out by a supermarket chain he was vice chairman for, the Marta Group. The loan was taken out with CF Structured Products BV, a Dutch SPV.

The supermarket manager said in his September 1 defense, which has now been …

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