Hearts: The Transnational Crime. Click for detail
Clubs: Interregional Crime Level. Click for detail
Diamonds: Crime at the federal level. Click for detail
Spades: Crime at the regional level. Click for detail
At the High Court in London, the opening speech of Mark Howard, attorney of Mikhail Cherney, who issued a claim for 20% of Russian Aluminium JSC (RUSAL) of Oleg Deripaska, was completed.
"The heart of the case" was the events on March 10, 2001. This date was stated on the two documents signed in London hotel Lanesborough. On the first agreement, Oleg Deripaska was to pay Mikhail Cherney $100 million for 17.5% of Siberian aluminium (Sibal, entering in Russian aluminium company after the merger with the assets of Roman Abramovich in 2000) and another $150 million to repay the debt of the company. In addition to the agreement, it stated that within three to five years Deripaska was to realize 20% of Russian aluminum to third parties and pay Back the amount on the basis of current market value of shares minus the $ 250 million.
The complainant claims that by the moment of acquaintance with Deripaska in October 1993 at the London Metal Exchange, he had already been a successful entrepreneur with extensive contacts in government and business. The lawyer told about the close cooperation of Lev and Mikhail Cherney with Trans World Group (TWG) David and Simon Reuben since 1992. Deripaska, according to the complainant, at the moment of their acquaintance needed the support of Mikhail Cherney, at least in order to establish control over the Sayanogorsk aluminium smelter (SAZ). By October 1993, his share had not exceeded 10%. The lawyer told the court about the curious episode: on October 22, 1993, at the meeting of SAZ shareholders, about 75% voted against Deripaska's appointment as Director of the factory.
Just after that, as the complainant states, Deripaska was advised to enlist “the support of the international trader". Thanks largely to TWG, Oleg Deripaska managed to establish control over SAZ and develop his aluminum business. Mikhail Cherney played a key role in providing this support.
Want to discuss this article? Welcome to our forum!
Do you have additional information? Please send it to us !
Photo Gallery - Oleg Deripaska
News - Deripaska Oleg
Exclusive - Deripaska Oleg
The Billion Dollar Don -
In Context: Who is Boris Berezovsky?
RUSSIAN MAFIA RAP