SISTEMA FELL: 35%
Shares in Vladimir Yevtushenkov's Sistema Group fell more than 35 per cent this week, amid growing concern that Russian investigators will try to reclaim Rbs140bn ($2.7bn) in dividends that the group has received from its oil company Bashneft .
In October, a Moscow court gave the Russian state permission to seize Bashneft from Sistema, on the grounds that Bashneft's 2003 privatisation was illegal. At the time of the ruling, the Moscow judge hearing the case did not suggest the state would also try to seize Bashneft's dividends. But, this week, the newswire Interfax quoted a source in Russian law enforcement who said prosecutors could choose to pursue Sistema for the money.
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