I love this story! Pugachev is totally criminal, screwing his bank - TopicsExpress



          

I love this story! Pugachev is totally criminal, screwing his bank and bond-holders out of billions. He of course got asylum In London (like the equally criminal Ablyazov), but like the latter, he had not counted on the civil prosecution. The funniest part though is AlexandraTolstoy I was personally responsible for her coming to Moscow - hired her for Nikoil at a party in Sweden. Worst hire of my life! Only sales who after 6 months had literally sold nothing. She was and remains spectacularly stupid, deeply clueless and oddly charming. She used to walk around the trading floor at Nikoil muttering about the Jewish plot to destroy Russia oblivious to the fact that of 23 people on the desk, 21 were Jewish (the other two just pretending to be.) She subsequently married her horse trainer, dumped him for a banker as deeply religious as he was corrupt (and whose religion did not prevent him abandoning his wife and children for his new mistrss) then fled with him to London where she distinguished herself by giving press interviews saying in essence I dont see what the welfare mothers are complaining about - we find everything we need at Waitrose) There is perhaps some justice in this low world...It seems that the noose is tightening around Pugachev...slowly but surely. (The FT typically tries to spin it as if Putin had anything to do with him - when Pug got into trouble the state made no effort to support him, nor should it have) Court freezes assets of ‘Putin’s banker’ after lender’s collapse By Courtney Weaver in Moscow A UK court has issued an order freezing assets worth more than $2bn belonging to Sergei Pugachev, nicknamed “Putin’s banker” and once one of Moscow’s richest men. Mr Pugachev fled Russia after a bank he owned collapsed. He was served papers on behalf of a Russian liquidator outside a Chelsea flower stand in London on Monday, and has until Friday to declare all international assets worth £10,000 or more. Once a well-connected Rus­sian senator, Mr Puga­chev saw his standing fall dramatically in 2010 when his midsized lender Mezhprombank defaulted on its debts and lost its banking licence after receiving a Rbs40bn (£679m) bailout from Russia’s central bank. Mr Pugachev has made headlines in Moscow as much for his relationship with Alexandra Tolstoy, a London socialite and former BBC presenter, as his banking career. He is also known for buying the French luxury food chain Hediard in 2007, paying more than €1bn, according to Russian news reports. The retailer filed for bankruptcy last year. Mr Pugachev left Russia for the UK in 2011. He was not initially named as a suspect in Mezhprombank’s insolvency, but a Moscow court issued an order last year for his arrest alleging that Mr Pugachev was to blame for the collapse. The Russian Deposit Insurance Agency (DIA), Mezhprombank’s liquidator, has issued an additional civil claim against Mr Pugachev in the UK. The agency alleged that Mr Pugachev extracted money from the lender for his personal benefit after it became insolvent and had received financial support from Russia’s central bank. According to the DIA’s claim, hundreds of millions of dollars were transferred to a private account in Switzerland, while $106m was transferred from the bank to Mr Pugachev’s personal Mezhprombank account. The agency also alleges in its claim that Mr Pugachev lent $30m to an offshore company to acquire a private jet. A UK-based lawyer for Mr Pugachev said he had read of the freezing order in the Russian press but had not received any documents so could not comment. Mr Pugachev’s Moscow lawyer Alexander Gofshtein said in a court in the Russian city this year that his client considered himself innocent. “He considers himself not guilty and he is confident he is right and that there is no reason for bringing charges against him and he intends to prove this,” Mr Gofshtein said, according to Rapsi, Russia’s official court newswire. Mr Pugachev attended university in Leningrad, now St Petersburg. He is believed to have cultivated close ties with Vladimir Putin in the 1990s when Mr Pugachev was running one of the city’s biggest banks and the future Russian president was deputy mayor. Mr Pugachev’s standing rose when Mr Putin joined the Kremlin in 1996 as the deputy head of its property department. In 2001, a year after Mr Putin became Russian president, Mr Pugachev was elected to Russia’s lower house of parliament, representing the Siberian region of Tuva. In 2010, Mezhprombank became the first Russian bank to default on foreign obligations since the 1998 financial crisis after failing to repay €200m in eurobonds. Russian central banks officials have alleged that much of the bailout money received by Mezhprombank was moved to more than 100 offshore companies. The bank’s creditors, whom the DIA is working for, include Russian state-owned bank VTB and steelmaker Severstal, as well as the Russian central bank. Previously known in Moscow for his deeply Christian Orthodox beliefs and friendship with Father Tikhon Shevkunov, the monk rumoured to be Mr Putin’s confessor, Mr Pugachev began an affair with Ms Tolstoy while they were both married, shortly before his downfall. According to reports Mr Pugachev remains legally married to his first wife. The DIA said, in a statement by its lawyers Hogan Lovells, that he lives in London with Ms Tolstoy and their three children. Ms Tolstoy’s ex-husband Shamil Galimzyanov, a Cossack horse trainer, filed a lawsuit against Ms Tolstoy in Moscow last year, the Daily Mail reported, saying she was trying to evict him from their Rbs12m flat in the city.
Posted on: Fri, 18 Jul 2014 14:16:27 +0000

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