Wednesday 12 May 2010

UAE Ruler Brokered Deals For Dueling Russian Tycoons -Vedomosti


The leader of the United Arab Emirates may have earned as much as $260 million in fees for brokering deals between two Russian businessmen now battling in a London court, daily Vedomosti reports Wednesday.

Details of the transactions involving Sheikh Khalifa bin Zayed al Nahayan, who serves as both UAE president and emir of Abu Dhabi, emerged from documents filed with Britain's High Court, the newspaper says.

Boris Berezovsky, once one of Russia's rich and politically connected " oligarchs" but now living in self-exile in the U.K., has sued Roman Abramovich over claims that the billionaire threatened and intimidated him into selling shares of oil company Sibneft. Abramovich, who denies Berezovsky's accusations, sold Sibneft to state-run OAO Gazprom (GAZP.RS) for $13 billion in 2005.

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