$98 million handshake

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$98 million handshake
Oluşturulma Tarihi: Mart 03, 2007 12:57

Russian billionaire Roman Abramovich has agreed to buy bankrupt boss Halis Toprak’s London mansion for $98 million.

Haberin Devamı

Toprak, whose bank collapsed in 2001, owes the Savings Deposit Insurance Fund (TMSF) a total of $453 million. The TMSF has been putting pressure on Toprak, who has paid $30 million of the debt, to sell the 30,000 sq. ft. home. With the sale now underway, 25 percent of the proceeds will be paid directly to the TMSF, with the rest going to other creditors.

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