Former Kremlin banker Pugachev loses appeal to keep trust income hidden

February 27, 2015 1:57 PM

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LONDON (Reuters) - Sergei Pugachev, a Russian tycoon once dubbed "the cashier to the Kremlin," must disclose further information about the trusts he uses to bolster his income, a London Court of Appeal judge ruled on Friday.

The ruling, which upheld an earlier decision, is the latest blow for the former Kremlin insider, against whom London's High Court issued a worldwide asset freeze last June following an application from the Russian Deposit Insurance Agency (DIA).

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