UK Freezes Russian Oligarch's Assets Over £2.5B Bank Fraud
Law360, London (April 15, 2019, 6:51 PM BST) -- A High Court judge in London has granted a £1.3 billion ($1.7 billion) freezing order against the relative of a former Russian bank boss jailed by a Moscow court for nine years as part of efforts to recover assets stolen in one of Russia’s biggest-ever bank frauds.
Judge Timothy Fancourt granted freezing orders against luxury properties and shell companies in a range of foreign territories owned by Russian fugitive Georgy Bedzhamov, the co-owner of Vneshprombank, which collapsed in 2016 leaving thousands of depositors out of pocket, according to a court order signed Monday.
Receivers of Vneshprombank are suing Bedzhamov in the...
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!