i laid out welcome to the business program. russia's leading telephone operators have lost telecom is at the center of a huge corporate scandal that's as police raided houses of the company's c.e.o. and one minority shareholder and afford private of two hundred twenty five million dollars as little details i'm joined by tom s. he's out the rest telecom all this for us now how i see so and so give us the details what is the situation right now sell. well certainly today actually of

these two men have their houses right of rated of course this is alexander private top of who is the c.e.o. of ross telecom and the largest minority shareholder of the company a constantino affair of now specifically there in connection to this two hundred twenty five million dollar embezzlement scam what happened is back in two thousand and seven a fund called the marshall fund basically invested in this company called agro prom and they were going to purchase these milk dairy facilities that produce. formula for children and what happened is to secure that loan from. the bank they took the collateral and they under took under-valued collateral and they grossly overvalued it and used it to secure this loan well in two thousand and seven that company went bankrupt or they defaulted on their loan and it's believed that. that basically

this this fund was on both sides of the transaction thus the embezzlement side of things now the t.b.'s said that they're going to do everything they can to get their. money back this two hundred twenty five million dollars they went to court in the u.k. and they secured ten percent of the marshall fund assets so that they could freeze that and try and get some of that money back in return the court in the u.k. said hey v.t. bank what are you doing why are you securing a two hundred twenty five million dollar loan this is just not usual business practice so they got a little bit of a finger wagging if you will on their business practices as well so right now. going after their two hundred twenty five million and everyone is looking into. into his business practices as well and that's where we stand at this point and what about telecom itself then how is the company been affected. what's important to point out is that officially ross telecom is not implicated in this scandal specifically only the c.e.o. has been looked at because of his connections to mollify if but i do you know

people are kind of winking and nodding at each other of course this person is at the top of this company he needs to be looked at then the company needs to be looked at as well but that did not stop even though it's officially not involved it did not stop the company from losing at least four percent of their stock shares immediately after this news was given in the middle of the day now it did a rally to close only two percent down by the end of the day but still a significant loss the largest single momentary loss in more than two months for that company but also if you look at the timing it's a little bit suspect as well because it comes just one day before ross telecom was supposed to announce their third quarter earnings which were expected to be a little bit lower than usual and though that announcement now has to be postponed another thing that is important to note is that there was supposed to be merger between the tele two which is a swedish holding company and even the good news of this merger which would have put ross telecom in a position to compete with the likes of beeline megaphone and m.t.'s in terms of

the mobile phone category it didn't help it still drop that stock price down so not very good news really for us telecom today ok so i'm thomas thank you very much indeed. and moving on now to me is actually seeking a court case in london on the ferry matter and as it happens does map are still the sun has come up with all the cheeky suggestions see him praise the capitals box yes he's as the super wealthy from all over the wall to use a city's coal so you reserve that disputes. if one only gone through was defamed by not only gong it is london's lawyers who apply the necessary balm to the. i have no shame in saying to the injured sponsors of the world's billionaires if you want to take him to the cleaners taken to the cleaners in london because london cleaners will be grateful for your business. now the

british capital is already a favorite place for russian oligarchs to seek justice who got to touch a guy just there for us to give us all the details on this one so you think up russian oligarchs to take boris's advice. well no actually i don't really think so i think it's just a way for you know for the whole judicial system and of course for the lawyers to make a ton of money and johnson with his offbeat sense of humor makes no secret of the fact that it's a cash cow he says that they these cases keep the wheels of the economy turning the much publicized case of romana brown movie traverses by his results is a good example the two russian oligarchs ran up the legal bills of one hundred million pounds as one hundred sixty million dollars making it the most expensive case in the u.k. history and last year the russians helped u.k.'s top one hundred law firms earn up to five billion pounds that's according to the guardian well at least the lawyers

pay their taxes water that's all i can say for her right so what was wrong with everyone making money clearly washing coal salt not to scratch i think that's maybe fair to say certainly when it comes to commercial disputes what you reckon. well i think neither of the british courts certainly not when it comes to cases like the six and a half billion dollar. versus abramovich case where we're talking about the events that took place in another country twenty years ago and we're all the key witnesses are dead right so according to the financial times more than half of cases of london's orts commercial division a currently either from russia or from the former soviet republics and that's important precisely because a lot of the times the judges don't really know what went on back then and that

oftentimes benefits the plaintiffs and of course justice must be blind but i think just the seekers should certainly keep their eyes open and stead of blindly following their super rich counterparts to one of those courts i'm sure russian. businessman has until they can get their dollars of that pounds worth of that would be throwing them money down the drain there with a little i think that's absolutely what they're actually doing right now several russian tycoons have their dates with either their business partners or their spouses and london scored they include of course in addition to. posco lisa and victor. paraffin many others but what we really don't know about the level of satisfaction for either the plaintiffs or the defendants in these cases not much just

a couple of months ago of russian billionaire sleuth last is sixty five million dollar residence in london's chelsea to his ex-wife or salutes now my female solidarity aside i'm sure mr sloan had a lot of why. as for the british justice system and as devoted as birdsall ski was to london as the legal battle ground he too had his moment of doubt after he lost his case against abramovich watch this. team of the judges said that democracy is bad but nothing about that is nothing. and then he plays you this horse is a bit he's bad but there is nothing better. but to be a little bit though that is going to. ok in atocha thanks very much indeed for keeping us up to date and that we're going to jump straight to the markets and see what's happening over out of wall street because we've got u.s.

stocks are indeed dropping today that's off to monday's surge with hewlett packard taking a bating on news of counting improprieties the computer giant film on the other two percent at one stage but the u.s. home construction data is providing a counterweight for the overall group a wall street note that european stocks had a choppy day a bit today after france was dealt a downgrade of their triple a sovereign credit rating agency moody's over the cac the french quarter actually managed to day that seven tenths of a percent that defied expectations. about the euro zone finance ministers discussed greece's future financing needs on the euro then see how that goes on today it is indeed gaining just a fraction you can see just in response to all of that meanwhile the russian ruble actually gains against the basket of currencies in tuesday's section cross markets then ended mixed ross telecom we've been discussing the company's shares were among the worst performers also the country's economic ministry has said it could

increase this year's capital outflows forecast from sixty five to seventy billion dollars but it's just a few weeks before russia starts constructing its second sub see gas link to europe the south stream pipeline will go under the black sea and that state monopoly gas from supply gas straight to the e.u. avoiding transit countries like ukraine estimate the project at around twenty billion dollars but gas problems are xander medvedev is sure the pipe will cost much less every penny. actually it will be it will be substantial and the final figure will be done as soon as all the project the communication would be ready but. the project will be economical canonically fusion project who provide us absolutely competitive area of to transport our guests to you. more news from my colleague kevin i went

right back stay with us. the legacy no one should be proud. of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the burgen archipelago don't make a pretty picture the guiding principle here is the worse the better locals like to tell the story that back in soviet times when norwegians were visiting barons were they also expressed. how prosperous the settlement was well times have obviously a change when they saw it lags say still attracting a region tourists are barons work i would then cause much needed cash that's why while. our goal is common as was uncovered here

a few days ago instead of throwing it away the local administration decided to paint a venue and put it at variance work central square that in the nine hundred eighty s. there was a burgeoning mining community the soviet union was determined to maintain its own costs. are located halfway between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the use of western most outpost now it's one of the last preserved relics. of the soviet union if it was cut off from any financial support for two decades it's a curious interest and i think it could be even more appealing for russians trying . to keep its presence on spitsbergen russia still maintaining a coal mine here but in terms of profit is far behind local souvenir shops so we

can. bill it is a big hit the defunct are incurred and still helps keep the money flowing. it's a rush but you can explain. your local administration is increasingly under pressure to bring the infrastructure up to more than standards these modernization efforts are not very popular with tourists if you come into a very authentic place like bond. should stay the way it is that would be my wish i mean that's the part of the little you know authentic traditionally open. i should not i would not like to have it in a shiny condition to be on as the time to change even for the better is not always good for business something that even a local band has become attuned to when they try to add morning russian songs to die repertoire the audience called the wanted to hear it was

a song comfortably familiar. hello again is kevin owen here of moscow at r.t. tonight with more news for you afghanistan's president hamid karzai has ordered his top security officials to take full control of the prison and. it's still run by the u.s. despite an agreement to transfer power to afghan authorities some back in march catherine office in kabul. this is really an issue of sovereignty for the government of afghanistan we have to keep in mind that the prison is an enormous very controversial detention center here in afghanistan it has more than three

thousand afghan prisoners who have been held there without any sort of trial or due process with a court. fifty seven of them were actually found to be innocent under the law by afghan authorities and what we've heard from karzai spokesman on monday is that actually as many as one hundred new prisoners are being put into that detention facility by the americans mainly through special forces night raids per month one hundred new people are month and so you have this issue where afghan nationals on afghan soil are being held for and essentially occupying force and this is really prompting a lot of disconcerted by the government here within afghanistan what we heard from one actually human rights expert is that the afghans simply want the prison the ability to determine what to do with the fate of the prisoners and this is why karzai issued a statement saying. his officials take urgent measures to ensure a full afghanization of the prison and a complete transfer of authority although it is unclear that there's going to be

any immediate changes it looks like this process will still take a bit of time to pull through the americans are saying this is a matter of security they say that they have found that the karzai government has released a number of prisoners who had ended up going back to the taliban or carrying attacks against coalition forces or u.s. troops and they also say that they have the rights under rules of war to detain so called belligerents although of course when there is no process no court system sort of ensuring this it's hard to tell who's a belligerent and who's just a local afghan who's been swept up by this massive presence and we have to keep in mind that this comes just days after a very critical tense talks between the u.s. and afghanistan over the future of american forces presence in afghanistan after twenty four when the issue of sovereignty again came up with. immunity for american troops who kill afghans on afghan soil he wants them to be tried by afghan law here in this country whereas u.s.

military officials are against that and they want their military officials said. they to be brought back to the u.s. to stand trial there and this is of course become much more controversial after the recent high profile trial of the massacre of sixteen afghan civilians by an american soldier who is now being persecuted in washington state in the states so what this really boils down to is a lack of trust by both countries which is quite disturbing if you look at the way forward here. on our website are leading a dog's life you're a moss who could soon become a little bit easier in storage he's come up with a humane way to shoot straight dogs or we're going to none of this round of hunting spree so we've been asking pets kill me and i. can find out about the international space station crew as late as landing on the snowy steps of kazakstan both of those stories but it will take online from us.

conceived in happier times the european central bank's new headquarters in frankfurt was intended to be a symbol of prosperity transparency an opportunity to course load for the project's waned dragged down by delays rocketing costs and the economy in crisis financial reports on just what the taxpayers make of it all. at a time when many europeans are unable to pay their mortgages and are kicked out of their homes and spain's forced approve a suspension of addictions after a woman killed herself in desperation the european central bank is preparing for a house warming party the european treasury symbolic new building will be the tallest on frankford skyline when it's complete but so far it seems the projects faced sky high criticism first of all for its ten digit price tag. we think the

project is to shoot an ugly we asked the e.c.b. to use its money more carefully something taxpayer is interested to them. stephen meissner from germany as part of reason doesn't see any reason to spend that much money on a piece of real estate but he says he sees a reasonable explanation of why the sky's the limit for the european union's economic monopoly they never run out of money it's just come to me and the other taxpayers they go you have to pay more you're paying more of it more or maybe because it's the e.c.b. the european central bank just print the money and while some may see an upside down logic here german m.p. mr scheffler explains it's more than just a piece of architecture. the e.c.b. wants a palace a building to demonstrate his power through a million more million less makes no difference is to make a statement about its power and credibility. but that's a notion that's taken

a serious not in recent times the seventeen nation euro zone's unemployment is at a record high brussels insist on a stereo to measures which the government's cut spending and raise taxes increase in peoples and as well as euro skepticism here it is future european central bank headquarters here in germany and the building was initially supposed to be a symbol of integrity and competence efficiency and transparency of the e.u. main financial institution but many now gloat that the project that is already far behind shadow and over budget may be sending a slightly different message one line cynics have compared the bank's future premises with the biblical story of the tower of babel it was meant to reach up to heaven but ended up instead abandoned left as a symbol of hubris and conceit if you look at it it's considered i guess modern architecture sort of looks like sort of like it's been flat and squeezed and turn

around and it looks like a medieval sort of collapse on itself so it's kind of maybe a fitting symbol i think it's very possible that the euro it solved the currency may not even be around by the time they finish the building the construction is due for completion by twenty fourteen and it's already known that the president of the e.c.b. will have a room on the forty first floor some say he will not just see a breathtaking c.t. panorama he'll also have a bird's eye view of the turbulent ups and downs of his own troubled empire the e.u. fated euro zone. an r.t. germany. will brief in the u.k. a number of journalists linked to rupert murdoch's news international have been charged in connection with an ongoing bribery inquiry david cameron's its communications director andy corson and former news international chief rebecca brooks are among those facing charges it's alleged the illegally paid police public officials for information the judges follow the phone hacking. and that forced the

closure of murdoch's british tabloid paper news of the world last year. polish authorities say they've prevented a massive terror attack after police arrested a man allegedly planning to detonate a fourth turn car bomb prosecutors believe the suspect motivated by nationalist views was drawn to try to carry out the attack in front of the country's parliament targeting the president and prime minister reports claim use inspired by anders breivik massacre in norway last year. rebels in congo have reportedly taken control of the city of goma in the country's east more monday the government rejected the militant group's ultimatum to remove its forces from the area and begin peace talks the opposition fighters reportedly started to shoot with the army which is supported by un peacekeeping troops the congolese government accuses neighboring rander of backing the rebels. the west controversial use of unmanned drones in countries such as pakistan and afghanistan looks set to go on with the british government looking to develop new technology but as artie's probably found out some

residents close to the testing ground don't share their government's excitement. for victims in tribal regions of pakistan yemen and afghanistan it's the last sound heard before bloodshed in syria as a constant worrying it gets louder before it becomes visible but for residents of the quiet coastal town of abba porth in west wales the sound is synonymous with daily life this is the area where the r.a.f. tests its watch keep a drone from as you can see there's one taking off behind me as we speak in good weather the drones take off throughout the day and during the night and as you can hear the noise is so high pitched and dominating that local residents have called this area the buzz box. full of people the noise is a great disturbance because. and whining noise is certain they fly over this

quite regularly the welsh government build it as a state of the art technology park that would create four to five hundred much needed jobs for the community the reality a half deserted site where the ministry of defense employs about thirty people to help test the watch keeper there is a sense of frustration in the area a number of people who were for in the beginning now opposed to it because they didn't realise the level of nuisance that there was going to be there is behind the development of drones say it means less soldiers come home from war zones in body bags but civilian casualties a piling up we know from pakistan that somewhere around two to three thousand people have been killed in drone strikes because of these unmanned systems it's a lot easier to go to war and therefore there will be much more warfare and the world isn't safe the british government has already spent two billion pounds on

development but they're about to commit another two billion on a new armed drone because. it could be better spent it could be spent on hospitals and schools rather than on killing machines despite drastic government cuts on welfare spending financing for the drones isn't up for debate to the dismay of locals the daily testing along with the bloodcurdling noise drones on. r t west wales. with the headlines the latest developments in the gaza conflict just a few minutes time here in our stay with us. good

leverage surely to mccurry was to build a new most sophisticated robot which on fortunately doesn't give a darn about anything mission to teach music creation why it should care about human to. dish is why you should care only. do we speak your language. when news programs and documentaries in spanish more matters to you breaking news a little too late if anglos kidneys stories. are you here. to try to alter the spanish. visit. all tito's comb.

yellow ball gulf war lords all criminals we have a lot of groups of the colors of the sluices all. right enough my lad it was like when you had that knowledge but wasn't. the smadi when i was fourteen yes you can liberate a win and you certainly can't do it through the barrel of a gun only effective social changes can be the afghans themselves afghan men and women. going to spawn cannot cross paths. it's. people in the obama administration talking about how much they care about the women of afghanistan it's not true they don't care about the women of afghanistan.

you know sometimes you see a story. you think you understand it and then something else. and realized everything you thought. was a big issue. more news today violence flared up. and these are the images the world has been seeing from the streets of canada. the giant corporations are today.

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