The Belgravia billionaire who was sued by his own rabbi over two major London property deals has settled the case out of court.
Gennady Bogolyubov — who is also being sued by Tony Blair’s friend Viktor Pinchuk in the biggest High Court damages claim — was alleged to have reneged on a joint venture with Rabbi Yonah Pruss to invest in London properties.
The rabbi claimed that he acted as a UK fixer for the oligarch when Bogolyubov moved his family from Ukraine to London, and had helped them to settle into their new life in a vast mansion in Belgrave Square.
Pruss also started a business here with Bogolyubov in which he would scout for properties the billionaire would invest in.
Profits were to be split with Bogolyubov getting 90% and the rabbi 10%.
But Bogolyubov put the most valuable properties of the collection — in Trafalgar Square and Knightsbridge — into his “family portfolio” rather than the joint venture.
Pruss sued, demanding more than £20 million, in a case that was to have hit the courts yesterday.
Bogolyubov’s lawyer has denied the two properties were ever supposed to be part of the joint venture.