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Arena Liquidators Challenge Lloyds' Directors' Authority Defense

By Eddie Beaver ( February 12, 2025, 3:57 PM GMT) -- Arena Television's liquidators have dismissed Lloyds Bank's defense to allegations it processed payments linked to a £1.2 billion ($1.5 billion) fraud, saying the bank's claim it was acting on the instructions of directors who were authorized to make the payments is "unsustainable."...

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