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Russian oligarch who bought Trump's FL mansion for $100m just had mysterious US companies go bust.
WASHINGTON
Two mysterious companies owned by the Russian oligarch who bought Donald Trump’s Palm Beach mansion filed for bankruptcy in North Carolina Friday, adding to the intrigue about the firms and the rich Russian behind them.
Dmitry Rybolovlev has drawn attention not just for his 2008 purchase of Trump’s palatial home for close to $100 million, but also for the fact that his tricked-out Airbus 319 intersected with Trump’s plane on U.S. airport tarmacs on multiple occasions last fall. McClatchy revealed in March that his plane had been in the Charlotte area twice during the 2016 presidentical campaign at the same time as Trump’s. Rybolovlev’s spokesman first called the crossings coincidental, later confirming McClatchy’s reporting that he was the main shareholder of a high-tech battery plant in Concord, N.C., just outside Charlotte. (Trump and Rybolovlev deny knowing each other.)
The battery plant is the most prominent physical manifestation of the companies that just filed for bankruptcy, Alevo USA Inc. and Alevo Manufacturing Inc. — U.S. arms of Alevo, which is based in Switzerland and is part of the Rybolovlev empire. The oligarch’s far-flung holdings include the storied Monaco soccer club, a Greek island, pricey New York real estate and Trump’s former West Palm Beach mansion.
The Charlotte Observer broke news of the impending bankruptcy Friday, and Alevo’s website was replaced with a single page saying the two U.S. subsidiaries sought “to achieve an orderly liquidation of their assets and maximize value to pay their creditors.” Alevo filed under Chapter 11 of the bankruptcy code, allowing the company’s Alevo's new predominantly Russian management a say on which assets are sold off and how.
http://www.mcclatchydc.com/news/nation-world/national/article168094492.html