Court rejects Inteko’s $5.8-mln lawsuit against Moscow authorities

The Moscow Arbitration Court on Friday rejected a 161-million ruble ($5.8-million) lawsuit against the Moscow City Hall filed by Inteko, a company owned by the billionaire wife of Moscow ex-mayor Yury Luzhkov, Yelena Baturina.

Inteko demanded the current Moscow authorities compensate for its losses caused by a canceled contract to build a housing complex in northern Moscow.

The court declared the contract null and void as Inteko started the construction before receiving permission from land owners.

Baturina became the country’s richest woman with a $2.9-billion fortune earned in the city’s construction business.

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