-Caveat Lector-

from:
http://www.aci.net/kalliste/
Click Here: <A HREF="http://www.aci.net/kalliste/">The Home Page of J. Orlin
Grabbe</A>
-----

The Plunder of Russia


Russian Media Boss Hides Out in Israel


The advantage of keeping assets offshore.

MOSCOW, Oct 14, 2000 -- (Reuters) The head of Russia's leading independent
Media Company told prosecutors on Friday that he refused to come to Russia
for questioning on allegations of hiding company assets, and invited them to
Israel instead.

Prosecutors have alleged that Media-Most boss Vladimir Gusinsky shifted
assets abroad to avoid having them seized in a debt dispute with Russia's
state-owned gas giant, Gazprom.
Media-Most says the case is part of official pressure to force Gusinsky to
give up control of Media-Most.

"He (Gusinsky) does not believe he has guarantees of security on Russian
territory and he has said that he is ready to testify at any convenient time
to the prosecutors in Israel," Media-Most spokesman Dmitry Ostalsky told
Reuters.

He said a letter to this effect had been sent to the General Prosecutor's
office. It was the second time in recent weeks he has refused to appear
before prosecutors.

Gusinsky holds Russian and Israeli citizenship and has been in Israel since
prosecutors dropped a previous, unrelated case.

Russian news agencies quoted the prosecutor's office as saying they would
press on with their pursuit of Gusinsky.

"Someone called for questioning must appear at the time and place set," a
spokesman said. "The law has demands which every citizen must fulfil and
Gusinsky is no exception in this."
The Media-Most case has raised fears for press freedom but President Vladimir
Putin has said he supports freedom of speech.

Media-Most has accused the Kremlin of orchestrating a campaign to seize
Media-Most, which owns Russia's only independent national television channel,
NTV.

Of the other two national TV channels, one is state-owned while the other is
under strong official influence amid an unending tug of war between the
state, which owns 51 percent of it, and the other key shareholder, Boris
Berezovsky.

NTV is the only one that even mildly criticizes Kremlin policy.

Gusinsky, jailed for three days in June, left Russia after saying he had been
forced "at gunpoint" to sign a deal in July to hand over Media-Most to settle
debts to Gazprom.

He has repudiated the deal but Gazprom has gone to court to have it honoured.
Ostalsky said Media-Most had asked a firm of U.S. lawyers to check on the
firm's assets to prove that none of them had been shifted abroad.

He said the firm's conclusions would be ready soon.
Russia Today, October 15, 2000
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