London court grants BTA Bank ownership shares in Russian portFinding that Cypriot shell company Usarel Investments Ltd. had knowingly helped disgraced Kazakh banker Mukhtar Ablyazov defraud BTA Bank during his former tenure as its chairman, London’s High Court of Justice held Tuesday that Usarel is liable under Kazakh law to deliver most of its ownership shares in Russia’s Vitino Port to BTA Bank.10:53 20.03.2013
De Boire icon collection divided equally among heirsOn Friday, Moscow's Presnensky District Court approved an amicable agreement, under which Mikhail de Boire's collection of almost 200 icons shall be divided equally among his three heirs.13:11 15.03.2013
London High Court freezes more assets of former BTA bank chairmanThe High Court of Justice in London has issued orders prohibiting further assets belonging to former board chairman of the Kazakhstan-based BTA bank Mukhtar Ablyazov from undergoing any transactions.15:02 26.02.2013
Ex-official tied up in Russian defense fraud scandal seeks return of $4 mlnFormer Defense Ministry Property Department CEO Yevgenia Vasilyeva plans to file a claim to recover $4 million worth of personal belongings that were confiscated during a search in her apartment.14:26 22.02.2013
Russian lawmaker resigns over US property scandalVladimir Pekhtin, a member of parliament from the ruling United Russia party, has announced his decision to resign over accusations of owning property abroad.14:13 20.02.2013
Putin submits bill prohibiting officials from opening foreign bank accountsPresident Vladimir Putin has forwarded a bill to the State Duma that would prohibit officials from opening bank accounts abroad or owning foreign issued stocks or bonds.13:08 12.02.2013
Prosecution appeals former YUKOS executive's property releaseThe Moscow City Court will consider on February 25 an appeal on lifting the arrest from the property of a late YUKOS executive. The prosecutors have filed their third appeal against the ruling to release the seized house and car that belonged to Vasily Aleksanyan, who died in 2011.15:18 11.02.2013
Russian culture ministry to strike back at US over Schneerson LibraryThe Russian Foreign Ministry has recommended that the Ministry of Culture and the Russian State Library appeal to the courts and fine the US Library of Congress for failing to return seven books from the Schneerson Collection which Moscow lent to Washington as part of an interlibrary loan in 1994.11:05 08.02.2013
UK Supreme Court refuses to validate VTB's Russian process serviceThe UK Supreme Court upheld Wednesday an earlier decision to set aside leading Russian bank VTB’s service of process on Russian businessman Konstantin Malofeev and several companies owned by him, and thus to lift a worldwide freeze on Malofeev’s assets.16:45 06.02.2013
Millions in Magnitsky case allegedly laundered through Estonian banksAn inquiry conducted in Estonia into the alleged embezzlement of Russian budgetary funds as reported by late Hermitage Capital lawyer Sergei Magnitsky has revealed that roughly $10 million was allegedly laundered through Estonian banks. However, the Prosecutor General's Office has opted against opening a case, Prosecutor Piret Paukstys told the Eesti Paevaleht daily.14:54 24.01.2013
Lithuania freezes bank accounts related to Magnitsky caseThe Lithuanian authorities have frozen several bank accounts as part of the case of embezzled budget funds, exposed by Hermitage Capital lawyer Sergei Magnitsky, who died in the Matrosskaya Tishina prison in 2009.13:04 22.01.2013
IDS Borjomi vows to prove illegality of Berezovsky assets seizureIDS Borjomi, whose assets were seized by the court as part of a case against exiled oligarch Boris Berezovsky, has determined to provide evidence that calls into question the legality of the Investigative Committee's actions.17:56 15.11.2012
Ukrainian court did not seize exiled oligarch Berezovsky's assetsThe Lviv District Court has not confirmed media reports that the court seized the assets of Russian businessman Boris Berezovsky in Ukraine.18:10 08.11.2012
Over $400mln frozen in former Bank of Moscow CEO accountsInvestigators have frozen the assets of former Bank of Moscow CEO Andrei Borodin and his former deputy Dmitry Akulinin which were held in foreign bank accounts, the Russian Interior Ministry reported on Tuesday. The former officials are suspected of major fraud.11:48 23.10.2012
Bill to control expenses of officials to be considered in OctoberThe second reading of a bill to introduce control over officials' income and expenses will be held on Thursday, according to the State Duma Council.17:31 15.10.2012
Berezovsky drops lawsuit against family of late partner PatarkatsishviliInfamous self-exiled Russian mogul Boris Berezovsky, currently residing in the UK, has withdrawn his $3bln lawsuit against the family of his late business partner Badri Patarkatsishvili.11:12 14.09.2012
Russia to seize assets of oligarchs Berezovsky and PatarkatsishviliThe Russian Prosecutor General's Office has requested that the UK seize the assets of Boris Berezovsky, as well as those of Badri Patarkatsishvili's family, according to a deputy inquire made available to RIA Novosti.15:39 12.09.2012
Officials to be given six months to transfer assets to RussiaAs soon as a new law enters into effect imposing a ban on state officials owning property abroad, they will have one year to settle related issues and six months to transfer their assets to Russia, according to First Deputy Chairman of the State Duma Committee on Constitutional Legislation Vyacheslav Lysakov, who is a sponsor of the draft law.16:21 17.08.2012
London court seeks to extend arrest of MCP managing partner's assetsThe High Court of Justice has extended the arrest of Marshall Capital Partners Managing Partner Konstantin Malofeyev's assets, which include a 10 percent stake in Rostelecom.15:30 10.08.2012
BTA Bank warns against dealing with assets embezzled by its former CEOKazakhstan's BTA Bank has warned of a liability for transactions involving assets of its former chairman Mukhtar Ablyazov now seized by court; the bank has also been working on returning the assets.12:24 06.04.2012