A Russian serial entrepreneur involved in payment services provider Qiwi claims he is short $16 million that he sunk into an unfinished Pembroke Park retail project after his business partner led collaborators to divert funds through fake invoices and sham companies.

Igor Mikhaylov, who lives in Russia, claims he paid $5 million to buy the land and put in another $11 million for the development of Seneca Town Center at the request of project manager Anatoly Zinoviev, from 2012 to 2017.

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