Russian tycoon found dead

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

London (CNN) — Self-exiled Russian oligarch Boris Berezovsky has died in London, his son-in-law, Yegor Shuppe, said Saturday on Facebook.

The circumstances around the death of the well-known critic of the Kremlin were not immediately known. He lived in the United Kingdom.

In a statement, Thames Valley Police said it had launched an investigation into the death at a property in Ascot, Berkshire.

“His death is currently being treated as unexplained and a full inquiry is under way,” it said, adding that the inquiry was at “a very early stage.”

Russian President Vladimir Putin has been told about the death, spokesman Dmitry Peskov told Russian state television. He said Berezovsky had sent a letter about two months ago to Putin asking permission to return to Russia.

“He admitted that he had made a lot of mistakes, asked forgiveness for the mistakes and asked Putin to let him to return home,” Peskov said, according to a duty officer with the presidential press service.

Berezovsky had made headlines in recent years over various business deals and legal disputes, including a libel case against a Russian broadcaster. All-Russian State Television and Radio Broadcasting Company (VGTRK) claimed in a report that Berezovsky was behind the 2006 poisoning death of former Russian spy Alexander Litvinenko.

Berezovsky won that claim, and the High Court in London awarded Berezovsky £150,000 ($223,400) in damages.

During the 1990s, it was common for oligarchs to oppose the Kremlin, said Henry Hale, director of the Institute for Europe, Russian and Eurasian Studies at George Washington University, in a 2011 interview.

But once Putin became president in 2000, “He started making examples of high-profile business people/oligarchs,” Hale said.

Berezovsky, 67, who had owned media outlets that were critical of the government, fled the country.

CNN’s Matthew Chance called Berezovsky “a colorful figure, a creature of the new Russia.”

Berezovsky’s finances had been in decline in recent years while he was in exile. A judge threw out his lawsuit against Chelsea Football Club owner Roman Abramovich, whom he had accused of forcing him to sell shares of a company at a fraction of their true worth.

The judge called Berezovsky’s testimony unreliable.

Berezovsky began his working life as a math professor and then a systems analyst, according to CNN’s Jill Dougherty, who interviewed him many times.

But he soon switched to more lucrative jobs. “He was a smart man,” she said. “I’d call him a wheeler-dealer.”

Berezovsky went on to sell cars “at a time when that was a luxury,” she said. “There were a lot of people who wanted to buy them, and he parlayed that — as so many of these oligarchs did — into something much, much bigger.”

Under President Boris Yeltsin, the Russian Federation’s first president, from 1991 to 1999, “there were really no rules governing anything,” Dougherty recalled.

The oligarchs wound up lending the fledgling Russian government money “when it was desperate for money,” she said. “These guys picked up companies on the cheap — for pennies on the dollar.”

A year or two later, the companies were worth much more and they became wealthy.

But Putin saw that the oligarchs had the potential to gain political power and moved to thwart them, she said.

“So he basically forced many of these to leave; that’s what happened to Berezovsky.”

Most Read

Top Stories

More Home Page Top Stories