UK: Fugitive ex-Kremlin banker loses appeal to hide income
| Publisher | Radio Free Europe/Radio Liberty |
| Publication Date | 27 February 2015 |
| Cite as | Radio Free Europe/Radio Liberty, UK: Fugitive ex-Kremlin banker loses appeal to hide income, 27 February 2015, available at: https://www.refworld.org/docid/5509414d10.html [accessed 3 June 2023] |
| Disclaimer | This is not a UNHCR publication. UNHCR is not responsible for, nor does it necessarily endorse, its content. Any views expressed are solely those of the author or publisher and do not necessarily reflect those of UNHCR, the United Nations or its Member States. |
February 27, 2015
A London appeals court has ruled that a Russian tycoon must reveal more information about the accounts from which he receives income.
In June, London's High Court issued a worldwide asset freeze for some $2 billion in the assets of Sergei Pugachyov – once dubbed "the cashier to the Kremlin" – following a request from Russia's Deposit Insurance Agency.
The agency accused him of having a role in the siphoning off of $1 billion in funds from Mezhprombank, which filed for bankruptcy in 2010.
Pugachyov had run and co-owned Mezhprombank until 2002.
He was an influential Russian politician and served as a member of the Russian parliament's upper chamber from 2001 until he left for self-imposed exile in London in 2011 amid investigations that were launched against him.
A Moscow court has issued an arrest warrant for Pugachyov on embezzlement charges.
Based on reporting by Reuters and rapsinews.ru
Link to original story on RFE/RL website
