THE REPUTATION OF MIKHAIL FRIDMAN AND PYOTR AVEN IS WORTH £18,000 EACH, BUT IT COST SIXTEEN TIMES THAT MUCH TO DEFEND — ENOUGH TO BANKRUPT CHRISTOPHER STEELE
by John Helmer, Moscow@bears_with
July 9, 2020
It was the 412th of Francois de la Rochefoucauld’s maxims that doesn’t stand the test of either time or money. “Whatever degree of disgrace we may have brought upon ourselves,” he said, “it is always within our power to re-establish our reputation.”
For years Mikhail Fridman and Pyotr Aven, the controllers of Alfa Bank of Moscow and LetterOne Holding in London, have been trying but not succeeding. This week they scored a success, but not quite of the kind they, or La Rochefoucauld, meant.