This section summarises the transfer of monetary assets to Temur Akhmedov between 2015 and 2016.
Between 2015 and 2016 Cotor Investments SA and Avenger transferred at least US$67.5 million from the Monetary Assets to Temur’s Swiss bank account, comprising.
- US$7.5 million in May 2015
- US$50 million transferred on 25 August 2015 at a time when a scheme to transfer the Monetary Assets to the United Arab Emirates had been abandoned;
- US$10 million between May and June 2016 in the months leading up to the divorce trial.
From January 2017 onwards, Temur admitted receiving US$34,499,998 from Farkhad which did not relate to his living expenses which he claimed had been paid to him “for investment”. Tatiana claimed that these funds had derived from the Monetary Assets which had been transferred into the Liechtenstein trust structure in November 2016 to January 2017.
On 21 April, Mrs Justice Knowles handed down her judgment as to Tatiana’s claim against Temur for the receipt of these funds.