The boy in the middle of the biggest divorce in the UK has lost a decision in London over his role in hiding assets from his mother, and a judge calls him ‘a dishonest individual who will do anything to his father’s to assist. ‘
Temur Akhmedov worked with his billionaire father, Farkhad Akhmedov, to “do everything in his power” to prevent his mother from receiving a £ 450 million ($ 627 million) divorce payment, Judge Gwynneth Knowles said on Wednesday. a ruling said. The judge ruled Temur should pay his mother more than $ 100 million.
The trial drew investigation into Temur reveals that he lost more than $ 50 million day trading while a student. He argued that he did not hide his father’s money from his mother, but rather lost it with bad business.
‘Temur learned it good of his father’s behavior in the past and did everything in his power and said to prevent his mother from receiving a cent of the marital assets, ‘the judge said.
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Temiana’s mother, Tatiana Akhmedova, wants the keys to a luxury apartment overlooking London’s Hyde Park in an attempt to recover some of the cash.
The Azerbaijani-born Farkhad made a large portion of his wealth from selling his stake in a Russian gas producer in November 2012 for $ 1.4 billion. But the oligarch refused to pay for divorces, leaving Tatiana, backed by a litigation financier Burford Capital Ltd., to continue business in at least six countries.
Photographer: David Mirzoeff / PA Images / Getty Images
“Overall predictable, given the original wrong and wrong judgment, the London court ruled that he would ‘visit the father’s sins’ on an innocent and loyal son,” Farkhad said in a statement.
The fight led to Tatiana’s so far unsuccessful legal attempts to seize a 115-meter (377-foot) superyacht ever owned by Roman Abramovich and currently in Dubai, and a collection of modern art worth more. than $ 140 million in a safe depository in Liechtenstein known as the “Treasure House”.
Farkhad moves to Russia after the initial divorce order in 2016. But by getting an English verdict against Temur, a British resident, it will be easier for his mother to acquire his local assets.
Temur said during the trial last year that his father made his own decisions. He said his mother’s choice to involve him in the lawsuit was “disturbing and in many ways quite frightening.”
He said in a statement that although he did not agree with the verdict, he considered it a price worth paying if it would lead to a reasonable settlement between the parents he both loves. is. “
Tatiana said during the trial that her relationship with her eldest son “is now very tense.” She said she feeling she had no choice but to sue him.
“I always knew my power would be overcome by the smoke and mirrors as presented by Farkhad and his circus of illusionists,” Tatiana said in a statement after the verdict.
Temur said during the trial that he had initial success with stock trading, only to face a loss while studying at the London School of Economics. When he tried to get the money back, ‘convinced that this loss was just bad luck’, he increased his risk exposure and lost everything, he explained in court.
The judge rejected Temur’s statement that his mother knew of his trade, saying that the transfer of millions of dollars from his father’s account was actually designed to put it out of her reach. That he then incurred losses was extraordinary, she said.
“All happy families are alike, every unhappy family is unhappy in its own way,” Knowles said in her ruling. “With apologies to Tolstoy, the Akhmedov family is one of the most unhappy to ever appear in my courtroom.”
(Updated with detail on Tatiana’s British strategy in 9th paragraph.)