The Frightening Fall of Russia's Richest Man | Newsweek International | Newsweek.com - 0 views
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Oleg Deripaska had no time for empty formalities. By his 40th birthday he had risen to be the wealthiest man in Russia, with a $44 billion global empire and 290,000 employees.
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A few weeks ago Deripaska met again with Medvedev—this time as a humbled man. His empire was lost unless the Russian president got its creditors to hold off foreclosing $7.4 billion in urgent overdue loans—less than half of Deripaska's total indebtedness. Medvedev reluctantly agreed.
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Kudrin offered no relief to him or any of the oligarchs in the room. "There will be bankruptcies," Kudrin told the oligarchs.
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A few days later, the former multibillionaire arrived unshaven and in jeans for a meeting with Russia's finance minister, Alexei Kudrin
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Igor Bunin, president of the Center of Political Technologies, a Moscow think tank, credits Deripaska with outwitting "some of the most dangerous men in Russia." Dozens were left dead in what became known as the Aluminum Wars, and an FBI investigation into Deripaska's possible mob ties from that period has been cited as the reason for the 2005 revocation of Deripaska's U.S. entry visa. But no charges were brought against him, and he has denied any wrongdoing or any connection to organized crime.