The London trial in which Bank St Petersburg (BSP) is claiming Oslo Marine Group (OMG) chief executive Vitaly Arkhangelsky is liable for loan guarantees, and the Russian businessman is counter claiming for damages, has heard about inconsistencies in evidence given by bank witnesses.
In the second week of the trial, executives of the bank denied taking actions that led to BSP selling cheaply shares in OMG companies — which it had taken as collateral for deferred loans — to associated companies before their terms expired.
