Andrei Borodin, the embattled head of Bank of Moscow (MMBM.MM) and his advisor Lev Alalyev on Saturday admitted they have sold their 20.3 percent stake in the lender at a price much lower than $ 1.5 billion. The stake is worth about $1.2-$1.5 billion, based on current market capitalization. “We sold the stake at a […]