Monday, October 15, 2007 

Usmanov-watch: Playing the victim.

From one revolting end of the Murdoch empire to another, the Alisher Usmanov charm offensive was back on yesterday in one of the most sycophantic, one-sided articles to appear in a so-called newspaper of record. Congratulations have to go to
It was partly in an attempt to curb claims of a shady past that he invited me to his Moscow mansion and agreed to talk for the first time about the circumstances that led to his being imprisoned in 1980. Usmanov runs his empire from the headquarters of Metal-loinvest, his main company, in a lavish building in central Moscow fitted with Italian marble and heavy chandeliers. From there I was driven 30 miles along Rublovka, a road that cuts through a forest of firs to a “billionaires’ row” where Usmanov has a 30-acre estate beside the Moscow river. A 16ft-high metal fence encircles the property.

Usmanov, who never leaves home without a retinue of bodyguards armed with machine-guns, was working in a large, single-storey wooden villa which he has built as a private office next to his palatial house.

Casually dressed in a Lacoste polo shirt, tracksuit bottoms and leather slippers, he was sitting in an armchair, advising a friend on the telephone on how best to clinch a £1m deal. In front of him was a small table and a bell with which to summon staff.

In the next room, his personal adviser on equities was checking the latest share prices on a 30in computer screen.

Sipping tea after his phone call, Usmanov studied the screen with the analyst as they discussed whether to sell a large holding in a Russian bank. A butler delivered frequent messages or passed on one of several mobile phones on which the tycoon fielded further calls.


If you aren't throwing up already having read just that extract, then both Tim and Craig himself
thoroughly fisk and destroy this partial, despicably craven meeting of convenience. Craig incidentally, despite never being served with anything approaching a writ, is described thusly:

Usmanov rejected the charges and threatened to sue Murray “if he can first prove that he is completely sane”.

Usmanov likes playing the victim, that's for sure. A venal bully with the full weight of his fortune and power behind him picking on those who dare to call him on his dubious past, and he's the one who's been wronged.

“I was a victim and when I came out I realised I had one last chance to make a success of my life. I won’t fall so low as to fight those who want to blacken my name. Let their slurs weigh on their conscience. Mine is clean.”

No, he's more than happy to slur his accusers by questioning their sanity while his shysters at Schillings and PR associates as Finsbury PR do the real leg-work. It may be down to last week's Usmanov story in the Sunset Times, about his connections with, err, corruption and fraud, allegations which curiously go unnoted in the interview that this piece of arslikhan inspired, but that doesn't acquit the ST. This is simply lazy, callow journalism from a newspaper that once exposed the Thalidomide scandal. How far away those days seem.

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Sunday, October 07, 2007 

Usmanov-watch: Couldn't have happened to a nicer guy.

Alisher Usmanov is a man without a blemish on his character. His stay in prison in Uzbekistan during the 80s was down to a vendetta being cooked up against him by the KGB. He only has the best of intentions in trying to gain control of Arsenal, and unlike the other Russian oligarchs, he made his money entirely legitimately.

That at least is what Usmanov and his collective of cunts at Schillings have been trying to get across to the media, with the pain of potential litigation if they deviate from their personally prepared script.

It's a great shame then that this view of Usmanov is somewhat shattered by a report in today's Sunday Times:

Arsenal tycoon Alisher Usmanov in diamond ‘fraud’ row The Russian tycoon who has bought a £120m stake in Arsenal, the Premier League leaders, has been accused in court papers of “fraud” and “unjust enrichment” in a dispute over one of the world’s most lucrative diamond mines.

Alisher Usmanov has been named in documents filed by lawyers acting for a firm controlled by the Oppenheimer family, the billionaire dynasty behind the De Beers diamond corporation.

...

The latest controversy concerns a court action in Denver, Colorado where hearings are due to start next month. At stake is the ownership of the so-called Grib Pipe, a fabulously rich diamond mine in the Arkhangelsk region of northern Russia.

The mining firm, Archangel Diamond Corporation (ADC) in which De Beers owns a controlling stake, claims it is entitled to an interest in the Grib Pipe, which was discovered in 1996. The Grib Pipe is now said to be one of the largest diamond mines in the world, with a prospective value of £4.5 billion.

But in the Colorado court papers, ADC has alleged that Usmanov and other Russian interests “engaged in fraud in order to deceive” it over an agreement it says it had to take a 40% interest in the mine.

...

The case stems from a decision in the late 1990s by the government of Boris Yeltsin to strip the assets of Western diamond firms and hand them over to a clique close to the Kremlin.

Foreign firms were encouraged to develop exploration and mining concessions with a view to improving the local economy. They say few in Russia expected that anyone would strike diamonds in the remote area.

Many companies, including Rio Tinto and BHP, withdrew after finding little of value. But in 1996 ADC unexpectedly struck a rich vein.

It was shortly after this, the court papers allege, that Usmanov and others who were involved with a big Russian oil firm became party to a scheme to drive ADC out of Russia and take over the diamond project for themselves. The Russian firm in the joint venture was privatised and after this, ADC was denied access to develop the mine.


We should be careful of course. Usmanov might be entirely innocent of these allegations. It does however somewhat shatter Usmanov's argument that his money was made entirely legitimately and without any help from the Kremlin. It's also just a coincidence that Usmanov was jailed in the 80s on fraud and theft charges, and here he is, just after he's tried to charm the media into believing it was all a conspiracy against him, being accused of err, fraud and "unjust enrichment", which I'm sure you'll agree is completely different to stealing. Usmanov claims his parents did not bring him up as a "a gangster and a racketeer", two of the charges Murray made against him, and he could well be telling the truth. He seems more than capable of developing those qualities later in life.

The Times' article also informs us of the PR firm that Usmanov has seemingly hired to transform his image from an obese, toad-like megalomaniac to that of a kindly, slighted benefactor. Finsbury Limited, Usmanov's choice, are just as boastful of their prowess as Schillings are. Finsbury count some of the following delightful companies as clients:

British Sky Broadcasting Plc
Daily Mail and General Trust plc
Northern Rock plc

Reed Elsevier PLC (responsible for the arms fairs held in London's Docklands every year)
Rio Tinto plc

Royal Dutch Shell plc
Equitable Life

You get the feeling that even they are going to have their work cut out spinning for this ghastly, mendacious bully.

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