Published On: Fri, Oct 11th, 2019

Russian businessman wanted by authorities dies after fleeing to UK | World | News

Banker and airline chief Valery Zavodov, 61, is believed to have moved to London in summer after a criminal case for abuse of power was launched against him. The cause and place of death has not been given. Some reports said the multi-millionaire had suffered from a long term medical condition.

The magnate had been linked to Uraltransbank, a regional bank in Sverdlovsk region in the Urals. 

Its licence to operate was withdrawn last year by the Bank of Russia. 

Previously this bank was linked to London-based European Bank for Reconstruction and Development.

Zavodov was earlier chairman of Ural Airlines, now the fifth largest carrier in Russia. 

A number of Russian businessmen have died in London after fleeing from their homeland, some in suspicious circumstances. 

Another former Russian airline executive Nikolai Glushkov – seen as a Vladimir Putin enemy – was found dead in New Malden in March last year. 

His death, aged 68, is seen by police as murder and remains under investigation. 

Glushkov had been sentenced in absentia to eight years jail in Russia over alleged £87 million embezzlement of Aeroflot funds, a conviction he claimed was politically motivated by Putin’s government. 

He was a close friend and associate of businessman Boris Berezovsky, seen as a leading Putin opponent, who died aged 67 in unexplained circumstances in 2013 in Sunninghill, Berkshire. 

Another Putin foe Alexander Litvinenko, 43, died after being poisoned with polonium in 2006.

Two years later a Berezovsky friend Badri Patarkatsishvili, 52, succumbed to a “heart attack”in Surrey but suspicions have remained about his death. 

In 2012, financier Alexander Perepilichnyy, 43, who helped expose alleged fraud by Russian officials, died while jogging in Surrey.

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