LaSalle National Bank is suing one of its borrowers, charging it with "grossly misrepresenting" its financial condition to get a $115 million loan.

According to documents filed last week in New York State Supreme Court, the Chicago-based bank, which is owned by ABN Amro Holding NV, discovered "accounting irregularities" last month at its borrower, Kent International Associates Ltd., a Brooklyn, N.Y., electronics distributor.

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