Reuters exclusively reported that Sergei Pugachev, a tycoon once dubbed "Putin’s banker" because of his influence in the Kremlin, has filed a $12 billion claim against Russia after his business empire was carved up when he fell out of favor with President Vladimir Putin. Pugachev, who said his fortune was once worth $15 billion, told Reuters that Putin’s allies had pursued him in courts across Europe with fictitious allegations of embezzlement, adding that he had feared for his life.
Politics
Reuters exclusively reports ‘Putin’s banker’ Pugachev filed $12 bln claim against Russia
22 September 2015, 12:00 am 1 minute
Article Tags
Topics of Interest: Politics
Type: Reuters Best
Regions: Europe / Middle East / Africa