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Freezing-order allowance increased for founder of insolvent Russian bank, to cater for “lavish lifestyle”

By Jordan Fermanis

04 December 2019

Freezing-order allowance increased for founder of insolvent Russian bank, to cater for “lavish lifestyle” istock.com/besjunior

A divided bench at the English Court of Appeal has granted the former owner of an insolvent Russian bank an increase in his monthly allowance under a £1.34 billion freezing order, after he complained of a deteriorating lifestyle.