Britain's High Court has dismissed a legal challenge by sanctioned Russian oligarch Mikhail Fridman, who wanted funds to pay for his driver and the upkeep of his London mansion. The 59-year-old Russian-Israeli billionaire, who lives in London, took legal action after the authorities refused to allow the monthly payments of £30,000 ($37,000). The U.K.'s Office of Financial Sanctions Implementation (Ofsi) had refused the request made to cover the costs of maintaining Fridman's Athlone House property. And in a 31-page ruling High Court issued on October 26 Judge Pushpinder Saini rejected his legal bid.
U.K. Court Dismisses Challenge By Sanctioned Russian Oligarch Fridman
Russian businessman Mikhail Fridman (file photo)