Legal
Russian oligarch had ‘sham’ offshore trusts, UK High Court rules
A High Court judge in London has ruled that a Russian oligarch hid millions of pounds in five “sham” trusts to mislead third parties and shelter his wealth. In 2011, Sergei Pugachev, who was known as the Kremlin’s banker, fell out with Vladimir Putin, then Russian prime minister, and fled…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Financial Times