The process used by Bank St Petersburg (BSP) in 2009 to auction off Oslo Marine Group (OMG) companies was highly unusual, but more likely to defraud the Russian banking regulator than Vitaly Arkhangelsky, a London High Court trial has heard.
“In this report, in the original report and in [the] supplemental report, I have never meant that the bank was trying to defraud OMG.
