Russia won the multibillion-dollar litigation against fugitive Russian banker

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www.vsyako.netSergey Pugachevu: Wikipedia

Russia defended its position in the International arbitration court in Paris and won litigation against fugitive Russian banker Sergey Pugachev, who claimed to recover from the Moscow more than $ 14 billion. This was reported by the press service of the Ministry of justice.

The banker has filed a lawsuit against Russia in 2015. He, having French citizenship in 2009, claimed that the Russian side violated his rights under the agreement between the USSR and France on the protection of investments. Pugachev was brought to Moscow claims in the billions of dollars.

Russia challenged the jurisdiction of arbitrators on the claims Joe. For example, the Russian side argued that the banker is French investor and has not proved that invested that are subject to protection under the Soviet-French agreement. Following consideration of the objections of Moscow court sided with her and dismissed the claims Joe. The banker has to recover the Russian budget the costs of the proceedings in the amount of 5.8 million dollars.

Sergei Pugachev was the beneficiary of the bankrupt in 2010 Mezhprombank. In 2015, Moscow arbitration court found him and three more top-managers guilty of actions that led to the bankruptcy of credit institutions. For example, they were accused of issuing knowingly irrecoverable loans and liquid assets. Pugacheva at the request of the Agency for Deposit insurance is obliged to pay 75.6 billion rubles. The banker tried to challenge the decisions in several instances in Russia, including the Supreme court, however attempts were not successful.

Video, photo All from Russia.

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