Russian tycoon 'had RBS loan of £2.5bn written off'
The British bank RBS has loaned a Russian Oligarch £2.5 billion loan,
he defaulted, and the British taxpayer gets the bill. The past
lending practices of RBS – of which the taxpayer now holds a majority
share – have emerged as a particular concern.
Last year, the oligarch – referred to as Len Blavatnik in the West –
who is the 11th richest man in Britain, with an estimated
fortune of £3.9 billion.
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