Deals
Berezovsky Seeks $5.56 Billion From Abramovich Over Sibneft
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Roman Abramovich, the billionaire owner of Chelsea Football Club, was accused in a London trial of using political threats to force his former business partner Boris Berezovsky to sell shares in a Russian oil company.
Abramovich, one of Russia’s richest men, used his ties to the Kremlin to make Berezovsky sell a stake in OAO Sibneft at a fraction of its value in 2000 and to part with shares in an aluminum company four years later due to a breach of contract, Berezovsky’s lawyer said today at the start of a 16-day trial in London. Berezovsky claims he lost at least $5.56 billion.