By John Helmer On July 31, the UK Court of Appeal upheld the ruling of High Court Justice Christopher Clarke that the administration of law in Russia is liable to be manipulated by powerful Russian businessmen and politically influential individuals pursuing vendettas for their financial gain. “Improper interference by State actors” was the phrase accepted […]

by John Helmer - Wednesday, October 7th, 2009
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To Muratov D.A. Editor in chief “Novaya Gazeta” 101990, Moscow, Potapovsky per., 3 From: Law firm “Ivanyan and partners”, lawyers of “Gunvor” company of T. Tornqvist and G.N. Timchenko Subject: Publication in “Novaya gazeta” dated 24.08.09 and letters addressed to T. Tornqvist and G.N. Timchenko dated 11.08.09 and 31.08.09. September 4th, 2009. Dear Dmitry Andreyevich,

by John Helmer - Sunday, October 4th, 2009
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By John Helmer in Moscow The Russian government’s quid pro quo for state financing for the Mechel group’s coalmining operations appears now to include the takeover of a fourth steel plant from the bankrupt Estar group, owned by Vadim Varshavsky. According to Dmitry Teplov, the head of the industry department in the Perm region, Mechel […]

by John Helmer - Thursday, October 1st, 2009
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By John Helmer in Moscow The Guinean Government in Conakry says it has enough evidence to launch a new court claim against Russian aluminium company, Rusal, for at least $1 billion. A local court filing is expected shortly, government sources in Conakry say, citing evidence of inflated costs and allegations of manipulation of financial accounts […]

by John Helmer - Wednesday, September 30th, 2009
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By John Helmer in Moscow Oleg Deripaska, the controlling shareholder and chief executive of Rusal, Russia’s bauxite and aluminium monopoly, is attempting to run the gauntlet of international courts and Hong Kong stock exchange investigators, as time runs out for him to meet his cash-or-list obligations to his shareholding partners, Russian oligarchs Mikhail Prokhorov and […]

by John Helmer - Tuesday, September 29th, 2009
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By John Helmer in Moscow Vadim Varshavsky, the owner of the bankrupt Estar group of midsize, specialty steel mills, has made his first public appearance in Russia since his financial group collapsed with debts of up to $4 billion. Until recently, he had been thought to be staying in London, or in another location abroad. […]

by John Helmer - Tuesday, September 29th, 2009
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Key: Rear left, Congressman Bill Pascrell, Democrat, New Jersey Rear right, NBA Commissioner David Stern Centre, Stuart Levey, Under Secretary of the Treasury for Financial Intelligence Rack: Mikhail Prokhorov Front left, Senator Paul Sarbanes, author of financial accountability statute Front right, Daniel Goelzer, Chairman of Public Company Accounting Oversight Board For Immediate Release September 23, […]

by John Helmer - Sunday, September 27th, 2009
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By John Helmer in Moscow A secret meeting in the middle of the night in the presidential palace in the Guinean capital of Conakry, requested by the Russian aluminium oligarch Oleg Deripaska, has triggered a Guinean court ruling and a tax investigation of claims amounting to $700 million. The claims catapult the Guinean government and […]

by John Helmer - Thursday, September 24th, 2009
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By John Helmer in Moscow Mahmoud Thiam, the US-trained banker turned resource policymaker for the Guinean government (pictured right), says that the nine-month review he has initiated of the country’s major mineral and mining concessions is not intended to reopen or renege on every deal done with foreign miners during the 25-year rule of Lansana […]

by John Helmer - Thursday, September 24th, 2009
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By John Helmer in Moscow The State Duma, the lower house of the Russian parliament, was last elected in December 2007. The outcome was the following distribution of seats: United Russia, 315; Communist Party, 57; Liberal Democratic Party of Russia, 40; and Fair Russia, 38. Vadim Varshavsky, 49, was elected to the Duma in 2005 […]

by John Helmer - Wednesday, September 23rd, 2009
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