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Given all his real estate I'd have thought $147m should be a trivial amount to obtain.
Unless of course he's full of shit and never has anywhere near $400m in liquid assets
I rather suspect that he doesn't have that much in net assets, let alone liquid assets.
The whole case was due to his fraudulent valuations.
That he cannot raise a loan is likely a combination of all of the above - lack of collateral, lack of liquidity, propensity to delinquency, history of fraud etc...
And if Deutsche Bank isn't lending, it means that they can either no longer funnel Russian money to him any more, or the money is not being dropped into the funnel at all.
NotThamesWater
Is it me or have they missed the fact/story that he's not able to secure $147m?
He had $400, less $83m from his other case = $317m in liquid assets.
... and $464m - $317m, means he should be short about $147m, right?
Given all his real estate I'd have thought $147m should be a trivial amount to obtain.
Unless of course he's full of shit and never has anywhere near $400m in liquid assets.