Boris Mints, the co-founder of Russia’s once largest privately owned bank Otkrite, faces charges of embezzling 34 billion rubles from the bank shortly before it almost collapsed in 2017
The application states that two Russian-state owned banks should not be entitled to bring a money claim in UK courts where recoveries would ultimately be returned to Russia to be used as President Putin sees fit An application at the High Court submitted by the family of an exiled Russian oligarch will tomorrow hear that a legal loophole allowing the Russian state to hunt down assets must be stopped.
Mr Mints and his family moved to London a year later and shortly afterwards 438bn rubles of the bank’s non-core assets were transferred to National Bank Trust, which serves as Russia’s “bad bank”.
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