Russian Tycoon Sues TPG, Rosatom From Moscow Jail for $13.8 Billion Over Conspiracy Claims
- TPG says the claims are without merit and will defend them
- Private equity firm says claim is “entirely without merit”
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A Russian tycoon with former links to the Kremlin has embarked on a $13.8 billion London lawsuit — from a Moscow jail.
Ziyavudin Magomedov, who became a billionaire during Dmitry Medvedev’s four-year term as Russian president, was arrested in 2018 for embezzlement and later handed a 19-year prison sentence. But it hasn’t stopped the businessman from suing private equity firm TPG Inc., as well as a sanctioned pipeline operator Transneft PJSC and state-owned nuclear Rosatom Corp., alleging a vast conspiracy.