Wednesday, 26 January 2011

Intrigue of the Day: Luzhkov's wife Baturina vs. Ashot Eghiazaryan

City Spy

More bad news for Russia's reputed richest woman, construction mogul Yelena Baturina, wife of the ex-Mayor of Moscow.

Following hubby Yury Luzhkov's departure as Mayor - during his tenure, she managed to win many lucrative tenders for city construction projects - the couple announced that they would in future school their teenage daughters Aleona and Olga in London. No sooner had Yelena touched down here than she was reportedly quizzed by British officials at the airport.

Now Baturina, Luzhkov and potash billionaire Suleyman Kerimov are embroiled in a court case in London. They're accused of involvement in a conspiracy against Russian parliament member and businessman Ashot Egiazaryan that saw a hostile takeover of his shares in the redevelopment of the landmark Moskva Hotel in Moscow.

Already, many of Kerimov's assets have been frozen under the £1.5 billion lawsuit filed by rival Egiazaryan in London's arbitration court. Kerimov is battling the freezing order. Watch this space.

*source: London's Evening Standard

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