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Michael Cherney Rusal Jealousy

November 30th, 2007

Michael Cherney is claiming a 20 per cent share in Oleg Deripaska’s aluminium company, Rusal - that’s a share possibly worth up to five billion dollars.

Mr Deripaska insists he is the victim of an elaborate extortion scheme by Michael Cherney - his former friend, mentor and business partner.

Michael timed his case to coincide with Oleg’s three-way merger to turn his company Rusal into the world’s biggest producer of primary aluminium.

Oleg’s Deripaska is extemely shy and hates revealing anything about himself - or his business dealings.

Is Michael Cherney’s plan to cause embarrassment to Oleg Deripaska in a bid to receive an out of court payment - or is he simply jealous of Oleg’s Success?

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