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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Tuesday, May 19, 2009

property is held in trust by Swiss company Asarco AG

Lender asserts claim on lakefront mansion
Crain's Chicago Business - Chicago,IL,USA
"The property is held in trust by Swiss company Asarco AG, which Mr. Mikhail controls, according to the complaint and public records. ..."

"....A Caribbean investment company has sued to collect on a $12-million loan to a little-known investor, asking the court to put a lien on a lakefront mansion in Highland Park. Foreign investor Mikhail Katamanin took out the short-term loan in March 2008 from Plymouth Consultants Ltd., which is based in the British Virgin Islands, ...The property is held in trust by Swiss company Asarco A.G., which Mr. Mikhail controls.... Northbrook lawyer Irving Drobny, who represents Asarco, is out of the country until next week....."

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