Jailed oligarch accuses TPG of colluding with Kremlin to seize $14bn assets – Financial Times

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.

TPG hit with $14bn claim by jailed Russian oligarch over alleged conspiracy – Financial News

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.