The son at the center of the biggest divorce in the UK lost a London court ruling on his role in hiding property from his mother, with a judge calling him “a dishonest person who will do anything to help his father. . “
Temur Akhmedov worked with his billionaire father, Farkhad Akhmedov, to “do everything he could” to prevent his mother from receiving a court-approved divorce benefit of £ 450 million ($ 627 million), Judge Gwynneth Knowles said. Wednesday in a ruling. The judge ruled that Temür had to pay his mother more than $ 100 million.
The trial was criticized after Temür revealed that as a college student he had lost more than $ 50 million in trading day. He had argued that he did not hide his father’s money from his mother, but lost some of it through bad transactions.
Temur has learned good from the behavior of his father and has done and said everything he could to prevent his mother from receiving a cent of the matrimonial property, ”said the judge.
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Temur’s mother, Tatiana Akhmedova, wants the keys to a luxury apartment overlooking Hyde Park in London in an attempt to get some of the money back.
Azerbaijan-born Farkhad made much of his fortune selling his stake in a Russian gas producer in November 2012 for $ 1.4 billion. But the oligarch has refused to pay for divorces, leaving Tatiana backed by a litigation funder Burford Capital Ltd., to prosecute cases in at least six countries.
Photographer: David Mirzoeff / PA Images / Getty Images
“Quite predictably, given its original wrong and misguided judgment, the London court has ruled visiting ‘the sins’ of the father of an innocent and loyal son,” Farkhad said in a statement.
The battle has led to Tatiana’s so far unsuccessful legal attempts to seize a 115-meter superyacht once owned by Roman Abramovich that is currently located in Dubai and a collection of modern art worth over $ 140 million in one secure storage. facility in Liechtenstein, known as the “Treasure House”.
Farkhad moved to Russia after the first divorce warrant in 2016. But getting an English ruling against Temür, a resident of the UK, will make it easier for his mother to obtain his local assets.
During the trial last year, Temur said his father was making his own decisions. He said his mother’s choice to include him in the process was “hugely troubling and in many ways quite scary.”
He said in a statement that while he disagreed with the statement, “he would consider it a price worth paying for if it resulted in a reasonable settlement between the parents he both loves. “
Tatiana said during the trial that her relationship with her oldest son “is now very tense.” She said she felt she had no choice but to sue him.
“I always knew my strength would triumph through the smoke and mirrors presented by Farkhad and his circus of illusionists,” Tatiana said in a statement following the verdict.
Temur said during the trial that he had initially had some success trading stocks, but had hit a losing streak while studying at the London School of Economics. When he tried to recoup the money, “convinced this loss was just bad luck,” he increased his risk exposure and lost everything, he explained in court.
The judge rejected Temür’s statement that his mother was aware of his trade, saying that the multimillion dollar transfer from his father’s account was in fact intended to keep it out of her reach. It didn’t matter that he had suffered losses then, she said.
“All happy families are the same, every unhappy family is unhappy in its own way,” Knowles said in her judgment. “With apologies to Tolstoy, the Akhmedov family is one of the most unfortunate ever to appear in my courtroom.”
(Update detailing Tatiana’s UK strategy in the ninth paragraph.)