Dec 1, 2006

Forbes Russia Issue Pulled Over Story On Moscow Mayor's Wife

RIA Novosti reports that the December issue of Forbes Russia was pulled from circulation by its publisher, Germany’s Axel Springer, due to a controversy over a 7-page article about Yelena Baturina, the wife of Yuriy Luzhkov, the mayor of Moscow. Baturina is the founder and head of Inteco, a real estate investment and construction company in Moscow, that has been fighting accusations of corruption because the company was awarded a disproportionally large number of municipal contracts since Luzhkov became the mayor in 1992. According to Forbes, Baturina’s estimated net worth is $2.3 Billion and she ranks 335th on Forbes’ list of richest people.


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