Exclusive – “Putin’s banker” Pugachev files $12 billion claim against Russia

PARIS (Reuters) – Sergei Pugachev, a tycoon once dubbed “Putin’s banker”, said on Tuesday that he had filed a $12 billion compensation claim against Russia for carving up his business empire after he fell out of favour with the president.

Pugachev, who said his fortune was once worth $15 billion, told Reuters that President Vladimir Putin’s allies had pursued him in courts across Europe with fictitious allegations of embezzlement, adding that he had feared for his life.

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