Spanish court launched investigation after new lawsuit against oligarch Mikhail Fridman
The entrepreneur is checked for involvement in the fall of the shares of the retailer Dia which he subsequently acquired.
A judge of the Spanish National Judicial Collegium has launched an investigation into a lawsuit against businessman Mikhail Fridman and Letterone who bought the Dia retailer after the fall of its shares, TASS reported. The judicial authorities are investigating whether Fridman could provoke a fall in Dia shares to further acquire the company.
The decision to launch the investigation was made after the referral by the Supreme Court of Spain to the judicial board. Now, according to the necessary procedure, the board must conduct a formal identification of the plaintiffs. Fridman and Letterone will be notified of the start of the investigation.
Earlier, Mikhail Fridman testified in a Spanish court in a case involving bankruptcy of technology company Zed WorldWide. The newspaper El Pais reported that, according to the Spanish prosecutor's office, the businessman could have taken actions aimed at worsening the financial situation of the company in order to purchase it at a price significantly lower than the market. As a result, Fridman did not buy Zed WorldWide. In addition, it is not known whether he made an offer to purchase. The entrepreneur himself denied all charges.