A jailed Russian oligarch is seeking almost $14bn in damages in London’s High Court from defendants including US private equity group TPG over an alleged Kremlin-led conspiracy to seize his assets.
Lawyers for Ziyavudin Magomedov claimed in filings made public this week that TPG founder David Bonderman was part of a conspiracy to sell a stake in Fesco, which controls the Pacific port of Vladivostok, that Magomedov was entitled to.
Read the full article in the Financial Times.
US private equity giant TPG has been sued by a jailed Russian oligarch in London’s High Court over a claim that the firm was involved in a conspiracy to seize or acquire his assets for below-market value.
Ziyavudin Magomedov has brought the nearly $14bn claim against US-listed TPG, according to 31 August court filings, alleging the firm’s involvement in a conspiracy to seize assets from him or to acquire them at less than their market price.
Read the full article in Financial News.
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