Oligarch Under £1.3B Asset Freeze Gets Expenses Doubled

Law360, London (November 19, 2019, 3:07 PM GMT) -- A London court has more than doubled a Russian oligarch’s living allowance as he awaits trial over a £1.3 billion ($1.7 billion) banking fraud, as judges said Tuesday that it is not the court's job to stand in the way of his “extravagant” lifestyle.

The Court of Appeal has increased Georgy Bedzhamov’s monthly allowance from £80,000 to more than £161,000 and said he could make large, one-off expenditures to help him find a new apartment to rent in London.

The allowance includes Bedzhamov’s monthly rent for an apartment in Monaco, £40,000 in “ordinary” living expenses and his children's private school fees....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!