Michael Cherney Rusal Envy
November 30th, 2007Michael Cherney is claiming a 20 per cent share in Oleg Deripaska’s aluminium company, Rusal - a stake estimated to be worth between three and five billion dollars.
Mr Deripaska insists he is the victim of an elaborate extortion scheme by Michael Cherney - a former friend, mentor and business partner.
The case came at the same time as Oleg was preparing a three-way merger to turn his company into the world’s biggest producer of primary aluminium.
This was good timing by Michael Cherney - as Oleg’s extemely shy and hates revealing anything about himself - or his business dealings.
Is Michael Cherney’s plan to cause embarrassment to Oleg Deripaska in a bid to receive an out of court payment - or is he simply envious of Oleg’s Success?
