Tycoon hands over villa and mansion to Sibir

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The Independent Online

The Russian tycoon Shalva Chigirinsky has pledged his French Riviera villa and proceeds from the sale of his London mansion to Sibir Energy, the London-listed oil company he holds a 46 per cent stake in.

Sibir, which is suing Mr Chigirinsky for $400m (£251m) in connection with an attempt to sell his Russian property portfolio to the company, yesterday said it was seeking "further security as soon as possible" from him.