• Most Popular
  • Most Shared

Detectives search oil firm Sibir Moscow offices-Ifax

Wed Jul 8, 2009 5:43am EDT

Stocks

   

MOSCOW, July 8 (Reuters) - Russia's law enforcement agencies were conducting on Wednesday searches of the Moscow offices of oil firm Sibir Energy SBE.L, Interfax news agency reported citing unnamed sources.

The oil arm of Russian gas export monopoly Gazprom (GAZP.MM), Gazprom Neft (SIBN.MM), became the main shareholder in Sibir last month after buying out minority shareholders and accumulating stakes of some former top shareholders.

Sibir itself is suing its former main shareholder, Russian businessman Shalva Chigirinsky, for at least $325 million for a failed bid to sell his real estate assets to the company. [ID:nL7380603] Chigirinsky fled Russia earlier this year. (Reporting by Dmitry Zhdannikov, + 7 495 775 12 42, dmitri.zhdannikov@reuters.com)


More from Reuters

Photo

Personal spending and income rise in November

WASHINGTON (Reuters) - Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, data showed on Wednesday, boosting hopes of a self-sustaining economic recovery.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
man walks past a stock quotation board displaying the Nikkei share average outside a brokerage in Tokyo June 1, 2009. REUTERS/Toru Hanai
Reuters Breakingviews:

Running out of options

Bad news for safety-oriented investors: the AAA debt market is shrinking, and what's left will leave many with less diversification and lower returns than they're used to, writes columnist Agnes Crane.  Commentary 

Reuters Breakingviews