*Otkritie International Investment Management Ltd and other companies v Urumov and others

Fraud – Misrepresentation. The Commercial Court considered two allegations of extremely large-scale fraud alleged to have been carried out principally by two traders, U and P. The court held that, on the evidence, U and P were responsible for fraudulent misrepresentations, deceit and/or conspiracy in both frauds, and that, in the second fraud, they had been assisted by a number of the other defendants.

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