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The UK firm at the heart of a high-level fraud conviction in Russia

The Magomedov brothers defrauded the Russian state of billions – via a Scottish limited partnership

The UK firm at the heart of a high-level fraud conviction in Russia
Ziyavudin Magomedov in court
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It was the middle of November 2017 and a clerk in the glass-and-steel headquarters of Companies House in Edinburgh had just stamped a routine and unremarkable document.

This was an LP6, a form that records, for the UK’s corporate registry, any changes in the nature of a limited partnership.

The sheet of paper, which bore an indecipherable signature, said that a business called Newbay Investments LP had been dissolved four months earlier.