SEARCH

Entries in Boris Berezovsky (1)

Tuesday
Nov012011

Russians Businessmen Battle for Billions

Adam Gault/Thinkstock(LONDON) -- Why would two multi-billionaires come head-to-head in court? And just how much money is up for grabs in this court case between the two financial giants?

Roman Abramovich, a Russian businessman, faces former mentor Boris Berezovsky, an exiled Russian oligarch, in court Tuesday, after claims that Abramovich blackmailed Berzezovsky into selling his shares in the oil conglomerate Sibneft for a fraction of their true worth. Mr. Berezovsky, alleges breach of trust and breach of contract

The two have been reported as being very cold towards one another, ignoring each other across the court room, and for good reason, as Berezovsky is claiming roughly five billion dollars in damages.

Copyright 2011 ABC News Radio







ABC News Radio