Son advised to pay mom $ 100million in UK’s greatest divorce case

The son on the middle of the UK’s greatest divorce has misplaced a London court docket ruling over his position in hiding his mom’s property, with a choose calling him “a dishonest particular person who will do something to assist his father”.
Temur Akhmedov labored along with his billionaire father, Farkhad Akhmedov, to do “no matter he may” to forestall his mom from getting a court-approved £ 450 million ($ 627 million) divorce cost, he mentioned. Choose Gwynneth Knowles mentioned in a call Wednesday. The choose dominated that Temur ought to pay his mom greater than $ 100 million.
The lawsuit drew shut scrutiny after Temur revealed he misplaced over $ 50 million in day buying and selling whereas a scholar. He had maintained that removed from hiding his father’s cash from his mom, he had as a substitute misplaced a few of it with dangerous jobs.
“Temur discovered properly from his father’s previous conduct and did and mentioned all he may to forestall his mom from receiving a penny of marital property,” the choose mentioned.
Temur’s mom Tatiana Akhmedova desires the keys to a luxurious condo overlooking Hyde Park in London in an try and get among the a reimbursement.
Azerbaijan-born Farkhad drew a lot of his wealth from the sale of his stake in a Russian gasoline producer in November 2012 for $ 1.4 billion. However the oligarch refused to make divorce funds, leaving Tatiana, backed by funder Burford Capital Ltd., to pursue enterprise in not less than six international locations.
“Fairly predictably, given its unique inaccurate and misguided judgment, the London court docket dominated in favor of visiting the daddy’s ‘sins’ on an harmless and constant son,” Farkhad mentioned in a press release.
The combat led to unsuccessful authorized makes an attempt by Tatiana to grab a 115-meter (377-foot) superyacht that after belonged to Roman Abramovich who’s at present in Dubai, and a group of contemporary artwork value over $ 140. million {dollars} in safe storage. facility in Liechtenstein referred to as the “Treasure Home”.
Farkhad moved to Russia after the preliminary divorce order in 2016. However getting an English ruling towards Temur, a UK resident, will make it simpler for his mom to get her native property.
In final yr’s trial, Temur mentioned his father made his personal selections. He mentioned his mom’s selection to pull him into the litigation had been “extraordinarily upsetting and in some ways fairly scary”.
He mentioned in a press release that though he didn’t agree with the choice, “he would take into account it a value to pay if it led to an affordable settlement between the mother and father he each loves” .
Tatiana mentioned throughout the trial that her relationship together with her eldest son “is now very strained”. She mentioned she felt she had no selection however to sue him.
“I all the time knew that my power would prevail via the smoke and mirrors introduced by Farkhad and his circus of illusionists,” Tatiana mentioned in a press release after the ruling.
Temur mentioned throughout the lawsuit he had some preliminary success buying and selling shares, earlier than hitting a dropping streak whereas finding out on the London Faculty of Economics. When he tried to get well the cash, “satisfied that this loss was solely dangerous luck”, he elevated his publicity to the chance and misplaced every thing, he defined to the court docket.
The choose rejected Temur’s clarification that his mom knew about his enterprise, saying the switch of hundreds of thousands of {dollars} from his father’s account was in actual fact meant to place him out of his attain. That he then racked up losses was irrelevant, she mentioned.
“All blissful households are alike, each sad household is sad in its personal method,” Knowles mentioned in its judgment. “With an apology to Tolstoy, the Akhmedov household are one of the vital unlucky ones to ever seem in my courtroom.”