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Hot Topic Hawke’s Bay
Law
6 mins to read
1

Russian billionaire-linked firm loses Westpac account fight

An investment business linked to sanctioned Alexander Abramov took court action against the bank earlier this month.

Alexander Abramov.

Hamish McNicol Mon, 27 Feb 2023

A New Zealand investment business that has been linked to sanctioned Russian billionaire Alexander Abramov has failed in its court action against Westpac Bank to stop it closing its bank account.

Earlier this month, Targa Capital applied for an interim injunction against Westpac before Justice Neil

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Hamish McNicol Mon, 27 Feb 2023
Contact the Writer: Hmcnicol@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
Alexander Abramov Westpac Nanaia Mahuta Targa The Raglan Trust
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