Mikhail Fridman Faces Quizzing on Spanish Corporate ‘Raid’

Russian billionaire Mikhail Fridman is facing questioning in Spain over allegations he illegally laid “economic siege” to an acquisition target while camouflaging his true role, according to court documents seen by the Financial Times. An anti-corruption prosecutor suspects Mr Fridman broke the country’s criminal code in 2016 in an attempt to take control of Zed World Wide, a Spanish mobile content and services business that later declared insolvency, the Financial Times reported. In a submission to the court, prosecutor José Grinda González described the alleged attack on ZWW as a “raid”, noting that “the word ‘raider’ is used in the realm of organised Russian crime to describe the theft of a business. Either through violence, killing or economic strangulation.” Read more