Russian oligarch’s son loses cash secrecy fight with mother

Russian oligarch’s son loses fights to keep his riches secret as his mother battles his father to get her hands on £450m she was awarded in Britain’s biggest-ever divorce

  • Temur Akhmedov, 26, based in London, is in a legal dispute with mother, Tatiana
  • She was awarded £452m of ex-husband’s fortune but has so far received £5m 
  • Temur wanted to bar reporters from revealing details of his personal finance
  • But a judge in Family Division of the High Court today refused to make the orders

A Russian oligarch’s son has today lost the fight to keep his riches a secret as his mother battles with his father to get her hands on £450million that she was awarded in Britain’s biggest-ever divorce. 

Trader Temur Akhmedov, 26, who is based in London, is in a dispute with his mother, Tatiana Akhmedova, who was awarded the sum following the breakdown of her marriage to Farkhad Akhmedov.

Temur has raised concern about the way his mother is funding litigation and wanted to bar reporters covering hearings from revealing details of his personal financial information.

Tatiana Akhmedova, pictyred, 52, who was awarded a 41.5 per cent share of businessman Farkhad Akhmedov's £1 billion-plus fortune

Trader Temur Akhmedov (left), 26, is in a dispute with his mother, Tatiana Akhmedova (right), who was awarded the sum following the breakdown of her marriage to Farkhad Akhmedov

Ms Akhmedova was awarded a 41.5 per cent share of businessman Farkhad Akhmedova's, pictured, £1 billion-plus fortune by a British judge in late 2016

Ms Akhmedova was awarded a 41.5 per cent share of businessman Farkhad Akhmedova’s, pictured, £1 billion-plus fortune by a British judge in late 2016

But a judge overseeing the litigation at hearings in the Family Division of the High Court on Friday refused to make the orders Temur wanted.

Mrs Justice Gwynneth Knowles ruled that he had failed to demonstrate any ‘reasonable grounds’ for challenging the legality of his mother’s litigation funding arrangements – and that journalists covering hearings could report ‘general details’ about his finances.

Temur said, after the ruling, that he would now ask Court of Appeal judges to consider the case.

‘I expected no more from this Family Division court and judge and will be taking our case to the appeal court, where we have faith we will receive a fair hearing,’ he said, after the ruling.

‘From the outset, the Family Court’s behaviour has smacked of 21st century imperialism in passing judgements in cases from faraway lands which have nothing to do with these islands.’

Ms Akhmedova was awarded a 41.5 per cent share of businessman Farkhad’s £1billion-plus fortune by a British judge in late 2016.

Mr Justice Haddon-Cave, who analysed the case at a trial in the Family Division of the High Court in London, said Ms Akhmedova should get £453million.

But judges have heard she has so far received about £5million and that Mr Akhmedov has not ‘voluntarily’ paid a penny. 

A Dubai court has refused to return a £350million superyacht, above, which was seized from Farkhad amid a battle over the UK's biggest divorce settlement

A Dubai court has refused to return a £350million superyacht, above, which was seized from Farkhad amid a battle over the UK’s biggest divorce settlement

Ms Akhmedova, pictured above, who was awarded £453million after her marriage,  has so far received about £5million

Ms Akhmedova, pictured above, who was awarded £453million after her marriage,  has so far received about £5million

He has refused to pay claiming he and his wife of eight years were divorced in Moscow in 2000 and did not recognise the ruling handed down by a British judge.

Mr Akhmedov has said that because he and his ex-wife are not British, and were not married in Britain, a British judge should not have made decisions.

Ms Akhmedova, who has taken legal action in London and abroad, previously said he has tried to put assets, including a £346million yacht, the MV Luna, and a modern art collection, beyond her reach.

She is now also taking legal action against Temur, and says he has played a ‘central role’ in putting assets beyond her reach.

Temur, a trader who lives in London and is aged in his mid-twenties, disputes allegations made against him.

He says his father said money would be available to invest on the financial market. 

Ms Akhmedova’s former husband has said that because he and his ex-wife are not British, and were not married in Britain, a British judge should not have made decisions.  

However Ms Akhmedova claims he tried to put assets, including a £346 million yacht – the MV Luna – and a modern art collection, beyond her reach.