August 24, 2009 / 6:14 AM / 10 years ago

Russia's VTB says wins lawsuit against Chigirinsky

MOSCOW, August 24 (Reuters) - Russian state-run bank VTB (VTBR.MM) has won a 3.24 billion rouble ($101.4 million) suit in a London court against Russian businessmen Shalva Chigirinsky’s company, a VTB spokesman told Reuters on Monday.

The bank plans to press to fulfil the court’s decision having already won a court injunction prohibiting Chigirinsky from selling $100 million worth of assets of Russian Land or personal property before the hearing. [ID:nL7381211]

“The High Court of London has decided in the bank’s favour. Now we plan to press the respondent to get our money back,” Maxim Lunyov, the VTB spokesman said.

Chigirinsky was not immediately available for comment.

VTB had filed a lawsuit against Gradison Consultants, which is a guarantor for a 3 billion rouble loan Chigirinsky secured in 2007.

Oil-to-real estate tycoon Chigirinsky lost $1.9 billion of his $2.5 billion fortune over the past year following the collapse of Russia’s overheated real estate market. [ID:nLQ109843]

He was forced to use his stake in London-listed oil firm Sibir Energy SBE.L as collateral. He faces several lawsuits in different jurisdictions. (Reporting by Dmitry Sergeev; Editing by David Holmes)

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