English court bars jailed Russian tycoon from appealing in Transneft case

English court bars jailed Russian tycoon from appealing in Transneft case

The English Court of Appeal has refused jailed Russian tycoon Ziyavudin Magomedov permission to appeal against a decision that threw out his $14 billion lawsuit against Russian oil pipeline monopoly Transneft and other firms, the company said.

Oligarch Can't Appeal Tossed $14B Asset-Stripping Claim

Imprisoned oligarch Ziyavudin Magomedov cannot challenge a decision to dismiss his $14 billion claim against Transneft, Rostatom, a private equity firm and other entities over an alleged Russian state-led conspiracy to strip his assets in two major port operators, a London appeals court has ordered.