Billionaire Fridman Says ‘Kompromat’ Used in UK Mansion Raid (1)

Russian billionaire Mikhail Fridman claimed that a police raid on his London mansion in December for alleged sanctions evasion was illegal and relied on “kompromat” including a 15-year-old report that made a series of unproven criminal allegations.

At a London court hearing Thursday, Fridman’s lawyers argued the National Crime Agency misled judges when it applied for a search warrant last year by overly relying on the 2007 report compiled by a private firm. The NCA’s lawyers have accepted that the warrant should be quashed but want to continue the agency’s investigation for sanctions evasion.

An entrance to the Athlone House mansion, London.

Photographer: Hollie Adams/Bloomberg

Stratfor, a private intelligence firm, ...