British private equity firm, Lehram, is seeking the return of a £250m mine in Russia it believes was transferred illegally to a company linked to a Soviet billionaire, Alexander Shchukin. Lehram, which was set up to exploit underperforming mining assets in Russia and the former Siberian bloc, seeks to void the transfer of the asset, which contains estimated coal reserves of more than 300m tonnes. The Shchukin family has extensive interests in Britain. Shchukin’s son-in-law, Ildar Uzbekov, recently bought the UK’s largest ethical energy broker,” Utility Aid. The case comes after a director of Lehram, Igor Rudyk, was sent to prison in Siberia where, it is claimed, he signed over the Gramoteinskaya coalmine and railway complex to avoid a longer sentence.
British private equity firm, Lehram, is seeking the return of a £250m mine in Russia it believes was transferred illegally to a company linked to a Siberian billionaire, Alexander Shchukin. Lehram, which was set up to exploit underperforming mining assets in Russia and the former Soviet bloc, seeks to void the transfer of the asset, which contains estimated coal reserves of more than 300m tonnes. The Shchukin family has extensive interests in Britain. Shchukin’s son-in-law, Ildar Uzbekov, recently bought the UK’s largest ethical energy broker,” Utility Aid. The case comes after a director of Lehram, Igor Rudyk, was sent to prison in Siberia where, it is claimed, he signed over the Gramoteinskaya coalmine and railway complex to avoid a longer sentence.