Jeff Koyen - The Places You\’ll Go – Loan default leaves Russian bank with 40,000 quarantined pigs as collateral - True/Slant
When billionaire Alexander Lebedev’s National Reserve Bank seized collateral offered against a loan from a cash-strapped borrower, a health quarantine was slapped on the security: 40,450 pigs.
“We had a court decision to take away the collateral, which is the pigs,” Lebedev, 49, said in an interview. The borrower, a farm near Samara, agreed “with the local authorities to establish a quarantine” against African swine fever. Lebedev is still waiting to collect the pigs offered against a loan of 100 million rubles ($3.5 million). Live pig costs an average of 78.4 rubles ($2.70) per kilogram, the National Meat Association says.
No comments:
Post a Comment
Not moderated but I do delete spam and I would rather that people not act like assholes.