Comment from Mr. Argarkov’s lawyer.
“They signed the documents without looking. They said what usually their borrowers say in court: ‘We have not read it’,” said Mr Mikhalevich.
“The Bank confirmed its agreement to the client’s terms and sent him a credit card and a copy of the approved application form,” his lawyer Dmitry Mikhalevich told Kommersant. “The opened credit line was unlimited. He could afford to buy an island somewhere in Malaysia, and the bank would have to pay for it by law.”
if he added that he personally got 0% and no monthly payments..
well, he’d be Obama!