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.
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
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.