The High Court has sided with US private equity giant TPG and Russian state-owned firms Rosatom and Transneft, throwing out a $14bn lawsuit from jailed Russian businessman Ziyavudin Magomedov over an alleged conspiracy to seize his assets.
Magomedov, who was arrested on embezzlement charges in 2018, filed the lawsuit in August 2023, alleging a Kremlin-backed effort to strip him of key assets or acquire them at less than their market price.
