– Russian banker steals billions and runs for London (RT, August 13, 2011):
The case of a former Russian senator, whose bank owes the state more than $1 billion, has grown into one of the biggest financial scandals in Russian history, exposing drastic drawbacks in the country’s banking regulations.
Russian businessmen making it onto the UK’s rich list have become a common thing – just as Russian investigators, in turn, take an interest in their affairs.
Sergey Pugachev has everything: a fortune in several banks, a couple of private jets and numerous properties – from the Cote d’Azur to London.
Married to a Russo-British socialite, he was a guest at Prince Albert’s recent royal wedding in Monaco. Among the top ten richest people in the UK according to last year’s Sunday Times newspaper, Pugachev leads a life many would envy. He even made his wife a star of a TV advertising campaign in France for the grand French food store Hediard, which he owns.
However, all that is hardly a consolation at home – in Russia – where he owes billions of rubles to his bank’s creditors.