A Russian businessman accuses Swiss bank Edmond de Rothschild to have defrauded him of $100 million through a dubious transaction. The case has been filed with a court in New York.
Sergej Bogdantschikow, the former head of Russian oil producer Rosneft, accuses Bank Edmond de Rothschild to have implied him in a dubious business transaction that cost his investment fund millions of dollars and cost him a total $100 million, according to a report by the «Financial Times» (behind paywall).
Bogdantschikow claims that a top manager at the bank with close connections to the baroness and chairwoman, Ariane de Rothschild, had conspired with a group of New York-based Eastern Europeans.
A Link to Mossack Fonseca
The case was filed with a court in New York and includes a claim of $100 million in damages. The filing also contains a claim that the plan had involved the former law firm of Mossack Fonseca, which had been at the center of the investigations of the Panama Files.
Bank Edmond de Rothschild hasn’t commented on the report or claim yet.
