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Swiss Pass on Deripaska

The Swiss Federal Prosecutor's Office has decided not to investigate complaints by Oleg Deripaska against Vladimir Potanin, his Interros Holding and Norilsk Nickel, Interros said.

The Swiss prosecutor failed to find enough evidence to start an investigation, Interros said Thursday. The Swiss Federal Criminal Appeal Court ruled in April that there were no grounds to hear the case.

Deripaska filed several legal complaints in Switzerland since August claiming that Hans Bodmer, a Swiss lawyer who resigned from the Hyposwiss Private Bank board in November, helped steal $1 billion from Norilsk. According to the complaints, Bodmer did work in 2010 for Potanin and Interros, which holds 28 percent of Norilsk. Deripaska's United Company RusAl owns 25 percent of Norilsk.

(Bloomberg)

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