Fishy Business: Russian Tycoon Vitaly Orlov Faces Possible Loss Of Billionaire Status As London Court Battle Nears Its End

that the UK immigration authorities “acknowledged that this arrest was politically motivated” when granting Mr Tugushev a visa in 2018, adding “Mr Tugushev was one of many victims of politically-motivated allegations in Russia” and he denies any wrongdoing.The Norebo case, which has swayed back and forwards in favor of Orlov and his former friend since 2018, saw the granting of an order freezing $350 million of Orlov’s assets on July 23 that year. However in July 2019 a U.K.

Roth, it’s worth noting, has been embroiled in a legal battle with Orlov and in August this year seafood trade publicationreported that a judge in Hong Kong had ordered Roth to buy Orlov’s 50% share in fishing and transport company TTC. The statement adds, “Now that Mr Roth has confirmed that Mr Tugushev is legally entitled to one-third of the joint venture, Mr Orlov’s position is completely untenable.” Seemingly willing the billionaire to the negotiation table, the statement adds, “Mr Tugushev looks forward to continuing his claim in the London High Court to secure the full restoration of his rights and compensation.

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