A jailed Russian oligarch is seeking almost $14bn in damages in London’s High Court from defendants including US private equity group TPG over an alleged Kremlin-led conspiracy to seize his assets.
Lawyers for Ziyavudin Magomedov claimed in filings made public this week that TPG founder David Bonderman was part of a conspiracy to sell a stake in Fesco, which controls the Pacific port of Vladivostok, that Magomedov was entitled to.
Magomedov, who is in prison in Moscow, alleges that he was also the victim of a conspiracy designed to take over his stake in the NCSP port in Novorossiysk for a knockdown price. The claim values his interest in Fesco at about $8.8bn and his interest in NCSP at about $5bn.
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