Sunday, March 1, 2015
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS Download APP
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

Ineffable Light

Nikolai Roerich Apartment Museum

Balls Glittering and Raucous

History of St. Petersburg Museum

 

Lebedev Accuses GE Subsidiary of Fraud

Published: April 24, 2013 (Issue # 1756)


MOSCOW Alexander Lebedev has accused aGeneral Electric subsidiary offraud andis demanding compensation, thebillionaire businessman told theweekly publication Profile in a recent interview.

From 2006 to2008, General Electric Capital Aviation Services, through its affiliated company PK Airfinance, gave us loans forthe purchase ofthree new andseven five-year-old nearly new Airbus A320 aircraft forthe German airline Blue Wings, inwhich we were shareholders, Lebedev said.

But in2009, theGerman regulator stopped Blue Wings, andPK declared that theplanes were being seized since they were under bond, Lebedev said, though he was certain that theplanes would simply be sold atopen auctions anda difference of75 million dollars would be returned tohis company. PK declared that theplanes were inpoor condition, however, andsaid they required major maintenance work. Themaintenance work oneach plane was estimated at10 million dollars.

After that, afake auction was held, where General Electric Capital Aviation Services bought theplanes for171.5 million dollars, although they actually cost much more. Inthis way, through maintenance work anda strange auction, my money was siphoned out ofmy wallet byGEs daughter company andput intothe wallet ofits niece, Lebedev said.

ALondon court began hearings intothe case last week.





 


ALL ABOUT TOWN

Friday, Jan. 30 through Wednesday, Feb. 4



A retrospective of the films of Roman Polanski starts today at Loft-Project Etagi, 74 Ligovsky Prospekt, with a screening of Repulsion at 7 p.m. and Rosemarys Baby at 9:15 p.m. The series runs through Feb. 4 and will include Polanski's eminently creepy The Tenant, the cult comedy The Fearless Vampire Killers and Cul-de-sac among others. Tickets are 150-200 rubles and the complete schedule is available at www.vk.com/artpokaz/



Times Talk