Moscow bailiffs seize Bashneft stock
Moscow bailiffs are proceeding with the enforcement of the court order to seize the Sistema-held stock of midsized oil producer Bashneft, Interfax reports on Tuesday, citing the Federal Bailiff Service.
Ural Rakhimov allegedly used his father’s position to steal Bashneft shares
Ural Rakhimov has stolen shares in oil company Bashneft by allegedly taking advantage of the position of his father Murtaza Rakhimov, a former Bashkortostan President, according to Moscow City Court records.
Chairman of AFK Sistema arrested on suspicion of money laundering
Vladimir Yevtushenkov, board chairman of Russia’s largest publicly-traded diversified holding company Sistema, has been charged with money laundering and placed under house arrest, Investigative Committee spokesman Vladimir Markin announced on Tuesday.
Kyrgyzaltyn board chairman arrested in Centerra Gold case
Dilger Japarov, board chairman of Kyrgyzaltyn JSC, Kyrgyzstan's state-owned mining company, has been arrested on suspicion of an illegal dividend payment worth $200 million to Centerra Gold.
Russian lawmaker files $2 bln suit in New York over TNK-BP sale
Russian lawmaker Leonid Lebedev filed a claim against business moguls Leonard Blavatnik and Viktor Vekselberg seeking over $2 billion for the alleged breaches of several agreements in connection with the sale of TNK-BP.
TNK-BP minority shareholder's buyout complaint dismissed
The Ninth Commercial Court of Appeals has dismissed the request filed by Sergei Davydov, a minority shareholder of TNK-BP Holding (now RN Holding), to oblige Rosneft to make a public buyout offer.
Russian swindler gets suspended sentence for Gazprom shares theft
A court in Tyumen found a man guilty of stealing 7,7 milion rubles ($240,000) worth of Gazprom shares, regional prosecutor’s office reports on Friday.
Seven detained in alleged Gazprom shareholder fraud
Seven men have been detained in Moscow on suspicion of having embezzled Gazprom shares in the amount of 500 million rubles (upwards of $15.4 million).
Injunction lifted from Altimo shares in VimpelCom
The High Court of Justice of the Isle of Man has lifted the injunction from the 75,949,000 VimpelCom shares held by Altimo, the telecoms branch of Alfa Group, after settling a dispute between Altimo and MTS over Bitel, the leading telecom provider in Kyrgyzstan, the US Securities and Exchange Commission reported on its website.
Browder's firms illegally bought Gazprom shares - Interior ministry
The companies of Hermitage Capital Management CEO William Browder, which took part in tenders selling Gazprom shares, violated the ban on selling the gas monopolys shares to foreigners.
MTS Mobile defamation countersuit to be heard March 20
The Moscow Commercial Court has scheduled a hearing for a defamation lawsuit between MTS and businessman Yevgeny Grafeyev on March 20.
Police investigate Hermitage Capital for illegal purchase of Gazprom shares
The police have asked the Moscow branch of the HSBC bank, the founder of the Hermitage Capital investment fund, to provide information on Hermitage Capital companies which opened accounts with HSBC. The request was issued as part of a case on the illegal acquisition of Gazprom shares.
Gazprom fails to dispute $16,600 fine
The Federal Commercial Court in the Moscow Region has upheld the Federal Financial Markets Service's decision to fine Gazprom 500,000 rubles ($16,570) on Wednesday.
Minority shareholder's lawsuit against Transaero sent back for retrial
The Federal Commercial Court of the Moscow District has returned the 1.6 billion rubles (over $53 million) lawsuit initiated by former Transaero shareholder Eskerkhan Mutalibov against the airline for a retrial.
Former Transaero shareholder asks Interpol to investigate share theft
Eskerkhan Mutalibov, a former Transaero Airlines shareholder, who claims that his 5% stake in the airline was fraudulently taken from him, has asked Interpol Secretary General Ronald Noble to investigate the case.
Magnitsky allegedly masterminded fraudulent sale of Gazprom shares
Hermitage Capital auditor Sergei Magnitsky, who died in a Moscow investigative isolation ward in 2009, may have helped to devise a scheme to sell Gazprom shares to foreigners, which was illegal.
Transfer of Bank of Moscow shares to VTB lawful
The Ninth Commercial Court of Appeals has confirmed its ruling to dismiss Sergei Devyatkins lawsuits to invalidate the transactions that resulted in the Bank of Moscows portfolio being assigned to VTB.
Federal antitrust agency's conflict with Telenor won't end in September
The conflict between the federal antitrust authority and the Norwegian Telenor over its interest in VimpelCom Ltd. is not likely to be resolved before the end of September.
Share transfer from Bank of Moscow to VTB upheld
The Moscow Commercial Court dismissed Sergei Devyatkin's suit to nullify transactions in which Bank of Moscow stock owned by the city of Moscow was transferred to VTB Bank.
$76.8 mln lawsuit over raid on SMARTS postponed until Sept. 18
The St. Petersburg and Leningrad Regional Commercial Court has postponed until September 18 its hearing of Angentro Trading and Investments' lawsuit to recover 2.48 billion rubles ($76.81 million) in losses allegedly caused by a raid on SMARTS, from Sigma Capital Partners.