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Al Bawaba
August 21st, 2006 - 05:06 GMT

Cherney warns Western bankers through suit against Deripaska

Michael Cherney (Mikhail Chernoy), an Israel-based international industrialist, may soon file a lawsuit against Oleg Deripaska, the owner of RusAl, the largest Russian and second-largest world aluminum producer. Cherney claims that Deripaska has deliberately concealed from Western banks the fact that Cherney owes 20% of Rusal and has failed to honor a contract with Cherney, which obliges Deripaska to pay the cost of these shares, currently estimated at $3 billion ...
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