The son of the UK’s largest divorce center lost a London court over his role in hiding property from his mother with a judge who called him “a dishonest individual 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 getting a court-approved divorce payment of £ 450 million ($ 627 million). said Judge Gwynneth Knowles in a sentencing Wednesday. The judge ruled that Temur should pay his mother more than $ 100 million.
The trial attracted control after Temur revealed that he had lost more than $ 50 million in daily bargaining while a college student. He had argued that far from hiding his father’s money from his mother, he would lose some with bad trades.
“Fear ha après well of his father’s past conduct and has done and said everything he could to prevent his mother from receiving a penny of the marital property, ”the judge said.
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Temur’s mother, Tatiana Akhmedova, wants the keys to a luxury apartment overlooking London’s Hyde Park to try to recover some of the cash.
Azerbaijan-born Farkhad earned much of his wealth by selling his stake in a Russian gas producer in November 2012 for $ 1.4 billion. But the oligarch has refused to pay any divorce, leaving Tatiana, backed by a litigation financier Burford Capital Ltd., to deal with cases in at least six countries.
Photographer: David Mirzoeff / PA Images / Getty Images
“Fully predictable, given his original wrong and wrong judgment, the London court has ruled in favor of visiting the father’s‘ sins ’to an innocent and loyal son,” Farkhad said in a statement.
The fight has sparked Tatiana’s hitherto failed legal attempts to seize a 115-meter (377-foot) superhigh that Roman Abramovich currently had in Dubai and a collection of more than 140 million modern art of dollars in a secure storage in Liechtenstein known as the “Treasure House”.
Farkhad moved to Russia after the initial divorce order in 2016. But with the English ruling against Temur, who lives in the UK, it will be easier for her mother to get her local property.
At last year’s trial, Temur said his father made his own decisions. He said his mother’s choice to lure him to litigation has been “tremendously annoying and in many ways quite terrifying.”
In a statement, he said that while he did not agree with the ruling, “he would consider it a worthwhile price if it leads to a reasonable agreement between the parents they both love.”
Tatiana said during the trial that her relationship with her eldest son “is now very strained.” She said it felt he had no choice but to sue him.
“I always knew that my strength would prevail through the smoke and mirrors as presented to them by Farkhad and his circus of illusionists,” Tatiana said in a statement after the ruling.
Temur said at trial that he had had some initial stock-trading successes, only to achieve a streak of defeats while studying at the London School of Economics. When he tried to recover the money, “convinced that this loss was just bad luck,” he increased his exposure to risk and lost everything, he told the court.
The judge rejected Temur’s explanation that her mother knew about her business, and said the transfer of millions of dollars from her father’s account was designed to keep her out of reach. The fact that he had amassed losses was off point, he said.
“All happy families are equal, every unhappy family is unhappy in their own way,” Knowles said at his trial. “With apologies to Tolstoy, the Akhmedov family is one of the most unhappy to have appeared in my courtroom.”
(Update with details on Tatiana’s strategy in the UK in the ninth paragraph.)