Navalny Interview on Transneft

Navalny Interview on Transneft Play

April 19 (Bloomberg) -- Alexey Navalny, a lawyer and activist shareholder, says OAO Transneft is "stealing" shareholder money. Navalny, who who owns stock in Transneft and about 20 other blue-chip stocks, filed suit to uncover details of the state-owned company’s philanthropy; Transneft cut dividends to private shareholders by 75 percent from 2003 to 2009 at a time when net income increased fourfold. He spoke April 14 in Moscow with Bloomberg's Jason Corcoran. (Source: Bloomberg)

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