I really respect that guy. From the linked article:

  "They signed the documents without looking. They said what usually their borrowers say in court: 'We have not read it',” said Mr Mikhalevich.

I am always pissed off at the stuff that companies get away with, just because they often have a dedicated team of lawyers and a big budget for this stuff.

  Oleg Tinkov, founder of the bank, tweeted: "Our lawyers think he is going to get not 24m, but really 4 years in prison for fraud. Now it's a matter of principle for @tcsbanktwitter."

Typical scare tactics, seems like they were trying to scare him into a settlement.