Rabbi Yonah Pruss
Chabad Rabbi Sues Oligarch Over Real Estate Deals
Shmarya Rosenberg • FailedMessiah.com
One the richest oligarchs in London, the Ukrainian Gennadiy Bogolyubov, is being sued by his own Chabad rabbi, Yonah Pruss, over real estate deals worth hundreds of millions of pounds, the London Evening Standard reported.
Pruss claims that in 2008 Bogolyubov asked him to find investment properties to buy and set up a joint venture with Pruss and Colin Gershinson.
Gershinson and Pruss would find properties to buy and Bogolyubov would provide the money to buy them.
Pruss and Gershinson say they found and bought 14 properties worth hundreds of millions of pounds.
But when Pruss tried to get information from Bogolyubov on the current value of the properties so he could get his share of the profits, he says he found out that the billionaire had put the two most valuable properties in a separate trust for his own family.
Pruss and Gershinson are reportedly demanding more than 20 million pounds from Bogolyubov and are demanding that the two most valuable properties be returned to their joint agreement with him.
“We say [the two London properties] fell outside the terms of the agreement. Mr Bogulyubov is confident the claim will be defeated if the claimant proceeds,” Bogulyubov’s attorney reportedly said.
If it does continue, the suit will be heard by the High Court.