Billionaire Akhmedov refuses to pay his ex-wife $600mln

Billionaire Akhmedov refuses to pay his ex-wife $600mln
Farkhad Akhmedov

The High Court of Justice’s ruling is "worth as much as toilet paper," the entrepreneur said.

Billionaire Farkhad Akhmedov commented on the Court’s ruling saying he has to pay his ex-wife $600 million as part of a divorce settlement. The ruling is only enforceable in the UK, the former Nortgas owner told the RBC Informational Agency. Akhmedov has not had assets there “for a long time.” That is why the ruling is “worth as much as toilet paper,” he said.

“The UK courts always take wives’ side, especially those of wealthy husbands; they are interested in wives spending money they seized by court action in the UK, dumping them in the UK judicial system and economy,” according to the entrepreneur, as quoted by RBC.

The entrepreneur ranking 67th on the Forbes List of the Richest Russian People was born in the City of Baku in 1956, as earlier reported by the CrimeRussia. He moved to the UK in 1986. He got his start selling Russian sables at the London commodity exchange. Akhmedov founded Tansley Trading in 1987. It supplied equipment to the USSR gas producers. The entrepreneur served as a Russian Federation Council senator from the Krasnodar Krai and Nenets Autonomous District in 2004-2005. He sold his Nortgas shares to the Novatek for $1.38 billion.

This is one of the largest divorce settlements the Court awarded so far, according to a UK media outlet. The husband claimed he made “a special contribution” to the family budget but the Court ignored it saying the spouses contributed equally. The Court ruled the billionaire has to pay his ex-wife 41.5% of the total family assets.

Akhmedov told RBC he refused to litigate in the Court out of patriotism, since he is not going to disclose confidential Nortgas documents – information about its foundation, development, geology intelligence, shareholders, litigations, etc. - to a foreign government. The Court demanded information about Nortgas so it could assess how much Tatiana Akhmedova contributed to its development.

The amount the Court ruled he has to pay his former wife would have been much smaller had he disclosed those confidential documents about his gas company, the billionaire believes.

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