Higher court rejects INFRA units’ suit vs Svyazinvest ex-CEO

MOSCOW, Sep 1 (PRIME) — Russias Ninth Arbitration Court of Appeals has rejected complaints filed by two subsidiaries of Russian construction group I.N.F.R.A. Engineering in their dispute against the former CEO of state-controlled telecommunications holding Svyazinvest Yevgeny Yurchenko, RIA Novostis agency for legal and court information RAPSI reported Thursday.

I.N.F.R.A. Engineerings subsidiaries filed the complaints after the Moscow Arbitration Court rejected their lawsuits against Yurchenko in May.

In their lawsuits, the two companies said Yurchenko had discredited I.N.F.R.A. Engineering by making groundless statements in an interview with business daily Vedomosti, published in September 2010.

In the interview, Yurchenko said investment company Marshall Capital Partners was providing its affiliate, I.N.F.R.A. Engineering, with the majority of Svyazinvests construction contracts. Marshall Capitals Managing Partner Konstantin Malofeyev was a member of the board of directors of Svyazinvest and its affiliated telecommunications operator Rostelecom at the time. Yurchenko said the current and former managers of Marshall Capital Partners had virtually taken control of Svyazinvest.

In March 2011, the Moscow Arbitration Court partly sided with a similar lawsuit filed by Malofeyev, by requiring Yurchenko to pay 25,000 rubles in compensation to Malofeyev and 50,000 rubles to Marshall Capital Partners. The court also required Vedomostis publishing house, Business News Media, to publically refute the claims.

(28.9278 rubles U.S. $1)


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