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Tycoon Faces Jail for Lying in $340 Million Deutsche Bank Fight

  • A London judge finds Alexander Vik guilty of contempt of court
  • Deutsche Bank is seeking a six-month suspended jail sentence
Alexander Vik arrives to give evidence at the High Court in London, on June 12, 2013.

Alexander Vik arrives to give evidence at the High Court in London, on June 12, 2013.

Photographer: Matthew Lloyd/Bloomberg

Norwegian investor Alexander Vik faces a potential prison sentence after he was found to have lied by a London judge, the latest chapter in the more than decade-long legal tussle with Deutsche Bank AG.

A London judge ruled Friday that Vik deliberately gave false information in earlier court hearings. Deutsche Bank was awarded around $340 million including interest, and is seeking a six-month suspended jail sentence in an attempt to pressure the businessman to pay up.