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Baturina's $27 mln Olympic claim set for April 26

15:44 28/03/2012

MOSCOW, March 28 - RAPSI. The court will hear on April 26 a lawsuit filed by Russia's richest woman Yelena Baturina to cancel the purchase of Olymp-2014 Ltd.

Yelena Baturina, the wife of former Moscow Mayor Yuri Luzhkov, said she was convinced the company had assets in the Sochi region where the 2014 Winter Olympics are scheduled to be held. Baturina eventually acquired a 90-percent stake in Olymp-2014 for over 824 million rubles ($27.3 million).

However, Baturina later learned that Olymp-2014 had no legal right to construct facilities or for land lots. She said she was deliberately misled and coaxed into the deal.

Baturina seeks to cancel the deal and recover 824 million rubles ($27.3 million). She also demands 200,000 rubles ($6,300) in compensation for moral damage.

A co-defendant in the case is Yuri Khardikov, a former prefect of Moscow's North Administrative District, who acted as Olymp-2014's representative in the deal.

Khardikov's counsel earlier said the claim is unfounded.

The court earlier issued an order for Khardikov's arrest in absentia for stealing 1 billion rubles ($34.5 million) from Baturina.

During the September 14 preliminary hearing, the Moscow Commercial Court ruled that the case should be transferred to the jurisdiction of the Krasnodar Territory Commercial Court, thereby granting the plaintiff's appeal, as Olymp-2014 is registered in Sochi.

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Baturina's $27 mln Olympic claim set for April 26

15:44 28/03/2012 The court will hear on April 26 a lawsuit filed by Russia's richest woman Yelena Baturina to cancel the purchase of Olymp-2014 Ltd.
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