Sunday, April 19, 2009
Danny Fortson, Times Onlines
Danny Fortson, Times Onlines
Oligarch Chalva Tchigirinski to lose Monaco palace
THE Russian oligarch at the centre of a shareholder loan scandal at Sibir, the London listed oil company, has agreed to sell $350m worth (£237m) of his personal assets, including a stunning $250m villa in the south of France, to repay the debt.
Shares in Sibir, once the most valuable company on London’s junior AIM market, have been suspended since February when it was revealed that the company had loaned $325m to Tchigirinski. Since then it has been working to recover the money.
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Posted by Editor on 04/19/09 at 07:35 AM •
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