French Newspaper Issues Apology to Ukrainian Businessman and Political Leader Rinat Akhmetov

Thu Jan 28, 2010 7:05pm EST

* Reuters is not responsible for the content in this press release.

WASHINGTON,  Jan. 28  /PRNewswire-USNewswire/ -- The following was released
today by Akin Gump Strauss Hauer & Feld LLP, counsel to  Rinat Akhmetov:

The French daily newspaper  Le Figaro  today issued a retraction of previously
published false allegations regarding  Rinat Akhmetov, the Ukrainian
businessman and political leader, and apologized to Mr. Akhmetov for the
untrue information.

The retraction related to an article that was first published in the
newspaper's print and electronic editions on  January 18, 2010.  In a formal
statement that appeared in today's edition,  Le Figaro  acknowledged that "it
has no evidence to support" the claims made about Mr. Akhmetov in the article.

Le Figaro  further stated that the newspaper "regrets that these claims were
made" and formally apologized to Mr. Akhmetov for any harm that he had

Speaking from  Washington, D.C., Mr. Akhmetov's U.S. lawyer,  Mark J.
MacDougall, stated, "The editors and publisher of  Le Figaro  have acted
responsibly in issuing a swift apology and correcting the false statements
published about Mr. Akhmetov."  

MacDougall added, "Mr. Akhmetov values his reputation throughout  Europe, and
today's action by  Le Figaro  recognizes that Mr. Akhmetov's good name was put
at risk when false accusations were published."

Mr. Akhmetov is the principal shareholder of System Capital Management, one of
the largest industrial companies in  Ukraine.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international
law firm, numbers more than 800 lawyers and advisors in  the United States, 
Europe,  Asia  and the  Middle East.

SOURCE  Akin Gump Strauss Hauer & Feld LLP

Lauren Kerwin of Akin Gump Strauss Hauer & Feld LLP, +1-202-887-4435,

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