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EX-RUSSIAN-ARMENIAN MP SUES BUSINESS PARTNERS IN LONDON
12:02 ~U 02.04.13
Ashot Yegiazaryan, a former ethnic Armenian member of Russia's State
Duma, has filed a lawsuit against ex-business partners at the London
High Court, Gazeta.ru reported.
His allegations are based on disputes over the reconstruction of
the Moscow Hotel. The plaintiff's lawyer, Dmitry Baranninkov, has
confirmed the report, refraining from further comments.
Yegiazaryan had earlier stated repeatedly that he had fallen victim
to a corporate dispute with the former colleagues, Suleiman Kerimov
and Arkady Rotenberg. But the London International Court of Cassation
and the Nicosia District Court dismissed the charges over lack of
evidence, refusing to impose a lean on the businessmen's assets.
The Moscow Hotel is owned by the Russian businessman, Mikhail
Shishkhanov. A controversial asset is said to "have given birth"
to one of the most high-profile conflicts in 2010.
The hotel's reconstruction began in 2003. The Dekmos Company, a joint
venture owned by the Moscow City Hall (49%) and the closed joint-stock
company Dekorum, was responsible for the project's implementation.
Dekorum, which was affiliated with the Russian-Armenian MP, had
concluded a deal with Deutsche Bank's Russian branch for financing the
construction work, agreeing instead to pawn its shares in Dekmos. The
agreement caused the Moscow authorities to become liable for Decorum's
debts to prevent the Dekmos shares from being transferred to Deutsche
Bank.
Later, OEK Finans, a daughter company belonging to the Moscow
authorities, allocated $87.5 million to Decorum to help it pay off
the controversial debt. In return, the City Hall was expected to get
25.5% of the shares, increasing its assets to 74.5%. But the shares
never reached the City Hall. OEK Finans was not awarded a managerial
right after paying off the loan. Kermov and Rotenbarg thus became
the owners of the shares.
A criminal case was later filed over embezzlement charges.
Yeghiazaryan was accused of establishing illegal control over Dekmos.
Stripped off immunity in November 2010, he later faced federal and
international investigation.
Yeghiazaryan has claimed that he has been a victim of an illicit deal
where the real culprits were Kerimov, Rotenberg, and a former mayor
of Moscow Yuri Luzhkov together with his spouse, Yelena Baturina. The
former parliament member is said to be confident that Kerimov and
Rotenberg had illegally come into possession of the shares.
Yeghiazaryan now estimates the damage at $2 billion.
Armenian News - Tert.am
From: Baghdasarian
12:02 ~U 02.04.13
Ashot Yegiazaryan, a former ethnic Armenian member of Russia's State
Duma, has filed a lawsuit against ex-business partners at the London
High Court, Gazeta.ru reported.
His allegations are based on disputes over the reconstruction of
the Moscow Hotel. The plaintiff's lawyer, Dmitry Baranninkov, has
confirmed the report, refraining from further comments.
Yegiazaryan had earlier stated repeatedly that he had fallen victim
to a corporate dispute with the former colleagues, Suleiman Kerimov
and Arkady Rotenberg. But the London International Court of Cassation
and the Nicosia District Court dismissed the charges over lack of
evidence, refusing to impose a lean on the businessmen's assets.
The Moscow Hotel is owned by the Russian businessman, Mikhail
Shishkhanov. A controversial asset is said to "have given birth"
to one of the most high-profile conflicts in 2010.
The hotel's reconstruction began in 2003. The Dekmos Company, a joint
venture owned by the Moscow City Hall (49%) and the closed joint-stock
company Dekorum, was responsible for the project's implementation.
Dekorum, which was affiliated with the Russian-Armenian MP, had
concluded a deal with Deutsche Bank's Russian branch for financing the
construction work, agreeing instead to pawn its shares in Dekmos. The
agreement caused the Moscow authorities to become liable for Decorum's
debts to prevent the Dekmos shares from being transferred to Deutsche
Bank.
Later, OEK Finans, a daughter company belonging to the Moscow
authorities, allocated $87.5 million to Decorum to help it pay off
the controversial debt. In return, the City Hall was expected to get
25.5% of the shares, increasing its assets to 74.5%. But the shares
never reached the City Hall. OEK Finans was not awarded a managerial
right after paying off the loan. Kermov and Rotenbarg thus became
the owners of the shares.
A criminal case was later filed over embezzlement charges.
Yeghiazaryan was accused of establishing illegal control over Dekmos.
Stripped off immunity in November 2010, he later faced federal and
international investigation.
Yeghiazaryan has claimed that he has been a victim of an illicit deal
where the real culprits were Kerimov, Rotenberg, and a former mayor
of Moscow Yuri Luzhkov together with his spouse, Yelena Baturina. The
former parliament member is said to be confident that Kerimov and
Rotenberg had illegally come into possession of the shares.
Yeghiazaryan now estimates the damage at $2 billion.
Armenian News - Tert.am
From: Baghdasarian