Lebedev Files Suit Against Russian Security Service, FT Reports

Alexander Lebedev, the billionaire owner of Russia’s National Reserve Bank, initiated a legal action against the FSB, the country’s security service, the Financial Times reported.

The lawsuit, filed in a Moscow court yesterday, claims damages of 350 million rubles ($11.6 million) for harm to Lebedev’s business reputation caused by a special forces raid on the bank in November last year, the newspaper said.

The target of the suit is Directorate K, a branch of the security service responsible for combating economic crime, the FT said, adding that the FSB declined to comment.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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