UBS Banker With Mueller Links Cleared of Russian Bid Rigging
- Judge finds no ‘smoking gun’ that proves Yukos bid was rigged
- UBS vice chairman wins lawsuit over Yukos auction bidding
This article is for subscribers only.
A senior UBS Group AG executive was cleared by a London judge of bid rigging in a state-linked Russian auction following the break up of the Yukos oil company.
Robert Foresman, a vice chairman at the Swiss lender, was fighting a civil claim that he conspired with the Kremlin to fix the price for a key part of the auction. But a judge Tuesday dismissed the lawsuit, saying that there was no “smoking gun” to point to an unlawful agreement.