Compensation is to be awarded to a Russian businesswoman on the grounds of libel following the publication of an article in a leading media outlet in the UK.
The High Court in London has ruled that Elena Baturina should be granted damages from the Sunday Times after it ran a piece suggesting she had behaved dishonestly when declaring her assets in north London.
It was reported by the newspaper in September 2009 that Ms Baturina has bought a mansion in the Highgate region of the capital for a sum of £50 million through the use of a "front" of an offshore company and was in fact planning a huge reconstruction scheme in the area.
This, the entrepreneur claimed, could potentially damage her name and reputation in the business world of her homeland.
The Sunday Times - which is owned by News International - subsequently admitted there had been no truth in its story, meaning Ms Baturina was eligible for compensation and an apology.
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Posted by Trusha Vyas