High Court rejects plea to halt corruption case against Russian billionaire who controls Irish company

Dmitry Mazepin, a close associate of Russian president Vladimir Putin, who allegedly controls Dublin-registered company Eurotoaz, is accused of conspiracy to defraud four firms of their 70% interest in a Russian ammonia-producing company

It is claimed Eurotoaz, in a campaign led by Dmitry Mazepin, engaged in a series of vexatious and false litigation in Russia, including criminal and regulatory complaints, to deprive the plaintiffs of their shareholding in ToAZ, a rival ammonia-producing company to Mr Mazepin’s UCCU. Picture: Collins Courts

The High Court has refused to halt an alleged €2bn conspiracy-to-defraud case against a Russia-based EU-sanctioned billionaire who allegedly controls an Irish-registered company central to the dispute.

Dmitry Mazepin, who is a close associate of Russian president Vladimir Putin, along with other Russia-based co-defendants, had claimed the Irish courts had no jurisdiction to hear the case and the service of the proceedings against them should be set aside.