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Aeroflot could have been drained to offshore companies - Berezovsky

10:51 13/10/2011

LONDON, October 13 - RAPSI, Vladimir Yaduta. Boris Berezovsky, a Russian billionaire who lives in exile in the UK, told the High Court of Justice in London that in the mid-1990s the Aeroflot airline could have been drained to the offshore along with his media business, the Russian Legal Information Agency (RAPSI) on Wednesday.

The court started hearing Berezovsky's $5.5 billion lawsuit against Chelsea owner Roman Abramovich on October 3.

Roman Abramovich before the court's sessionRoman Abramovich before the court's session

Berezovsky claims in his lawsuit that Abramovich intimidated him and his business partner Badri Patarkatsishvili into selling a number of assets including a 43-percent stake in Sibneft, a major Russian oil company, and a stake in the Rusal aluminum group for significantly less than their value.

Berezovsky seeks to recover $5 billion in compensation for Sibneft and $564 million for RUSAL.

Law enforcement authorities started investigating Berezovsky following a scandal connected with Swiss company Andava which appropriated Aeroflot's foreign funds. In 2007, a Moscow court found Berezovsky guilty of stealing 215 million rubles ($6.62 million) and sentenced him to six years in prison in his absentia.

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Aeroflot could have been drained to offshore companies - Berezovsky

10:51 13/10/2011 Boris Berezovsky, a Russian billionaire who lives in exile in the UK, told the High Court of Justice in London that in the mid-1990s the Aeroflot airline could have been drained to the offshore along with his media business.
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