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Intel Russia

  • Is Bank Trust safe in the hands of Mikhail Khabarov?

    It became publicly known at the end of November last year that Stanislav Kriminsky, an Alfa Group member, would be dealing with financial investigations at the National Bank Trust. Commenting on this appointment, Kriminsky’ former colleague and now Executive Director and First Deputy President of Bank Trust, Mikhail Khabarov, said: “Stanislav Kriminsky is a professional who is highly competent in this field, as well as at the international level.”
    It is possible that Trust Bank’s CEO personally lobbied for the appointment of Kriminsky, given that both worked at Alfa Group at the same time. Khabarov headed its A1 investment division, which was famous for its aggressive methods in the M&A market, and Kriminsky was his protégé, serving as Deputy Director of Upstream Internal Audit at TNK-BP. Given the methods routinely used by Alfa Group’s divisions to obtain insider information, experts fear that Trust Bank may soon be drawn into another high-profile international espionage scandal, similar to the one the consortium endured in the mid-2000s.
    Riding Diligence

    Alfa Group, then one of the largest Russian holdings fought over the shares of Megafon with the IPOC International Growth Fund, which had previously accused Alfa Group of fraud in relation to the securities of a mobile operator. According to media reports, Alfa reached out to -the notoriously powerful Washington-based lobbying firm Barbour, Griffith & Rogers, which in turn obtained the services of a private detective firm, Diligence Inc., which was created by former agents of the CIA and MI5. The latter hired an employee from the Bermuda branch of the international auditing company KPMG to obtain insider information about the activities of IPOC (KPMG was completing an audit report on IPOC at the time).

    Posted: by Pravda Report

  • Russia blocks British publications about the Graff trial

    Not that long ago, a London court closed a first chapter in the dispute between business partners Rustem Magdeev and Dmitry Tsvetkov, who had disagreements about their luxury Graff store in Cyprus. Magdeev, an entrepreneur from Tatarstan, filed a lawsuit at a London court seeking a loan repayment of £12.1 million from his partner. However, the court did not side with the plaintiff, but ordered Magdeev to cover Dmitry Tsvetkov’s legal costs and other expenses. Magdeev was denied the appeal. Currently, the High Court of Justice considers another lawsuit filed by Magdeev as well as a counterclaim from Tsvetkov. However, the story did not end there and received a strange development in Russia.
    Legal dispute between diamond tycoons

    As it became known, entrepreneur Rustem Magdeev, who is considered to be the “money bag” for the head of Tatarstan, Rustam Minnikhanov, decided to get rid of the dubious past in his biography. He started with taking radical measures to cleanse the media. For example, he found leverage to manipulate Roskomnadzor, the federal media watchdog. The case of Rustem Magdeev was mentioned as an example of restriction of Internet freedom in Russia in 2019 in the special report, that is made public this week by human rights group Agora and NGO RosKomSvoboda.
    Surprisingly, the Russian federal service outlawed the translations of recent articles about the process in London that Magdeev lost, even though those articles were published in the British media. For example, a recent publication in the Daily Mail was prohibited for translation in Russia through the channels of Roskomnadzor.

    Posted: by Pravda Report

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