Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Wednesday 05 August 2009 8:00 pm  |  Updated:  Friday 31 May 2019 4:46 am

How the Russian oligarchs came to rise and reign in boomtime London

By: admindrupal

Add as a preferred source on Google

LONDONGRAD
BY MARK HOLLINGSWORTH AND STEWART LANSLEY
Fourth Estate, £12.99
ONE of the most visible signs of the times over the past few years has been the increasing Russification of London. The likes of Roman Abramovich, the owner of Chelsea Football Club, Oleg Deripaska, who made headlines when he entertained the then-EU trade minister Peter Mandelson and shadow chancellor George Osborne on his yacht in Corfu, and Alexander Lebedev, who recently bought the Evening Standard newspaper, have become favourites of gossip columnists and business journalists alike. Throw in the murder of Alexander Litvinenko, and the death of Stephen Curtis, lawyer to the oligarchs whose helicopter mysteriously crashed in 2004, and you have some juicy tales indeed.

This book is perhaps the definitive investigation of the oligarch phenomenon which rose and fell in the short years of the bubble of the past decade.
Beginning with the death of Curtis, a lawyer whose office at 94 Park Lane was the epicentre of Russian London (and who made a phenomenal fortune from smoothing Russians into British society), the authors go on an incredibly thoroughly-researched journey through the dubious deals, outrageous spending and gruesome power-battles that locked together this small group of men, many of whom made their money in the down-and-dirty world of Russia in the Yeltsin era. It’s a gobsmacking, head-shaking read.

Some of the spending is jaw-dropping – castles, townhouses in Kensington and £10m-plus country residences in the Home Counties were all snapped up. Russians sent the art market into an insane stratosphere. Harrods never had it so good.

Most telling, though, are not the perks that wealth brought these men but the dangers, or at least the perceived ones – tycoon Boris Berezovsky had his own private telephone network, and Abramovich owns two bomb-proof cars and his new yacht will have a missile-detection system.

With the recession kicking in, the glory days might be gone for the oligarchs, but for anybody interested in these insanely wealthy, flashy hustlers, this is a gripping and compelling read.
Jeremy Hazlehurst

THE FAMILY MAN
BY ELINOR LIPMAN
Headline, £19.99
THIS is Elinor Lipman’s ninth novel and she has certainly perfected her form – slapstick meets romcom meets watertight writing style. Thought it’s light stuff, with content more often seen on sitcoms than on book pages, The Family Man should delight anyone not in the mood for Tolstoy.

The story revolves around Henry Archer, a recently-retired gay lawyer living on the Upper West Side of Manhattan. He only came out late in life, after his narcissistic, over-the-top wife Denise left him for a cardboard box magnate, and he has found a kind of balance at long last. But he is jolted out of his well-constructed daily routine when Denise gets in touch to invite him to her now-dead husband’s funeral – and then to complain regularly about the nasty prenup she’s been caught out in. It’s not a chance to rekindle a friendship with her that piques the kindly Henry’s interest – it’s the possibility of seeing Thalia again, Denise’s daughter and his much-loved step-child.

He strikes up a relationship with the actress-waitress Thalia, who – it turns out – has been working at the salon where he has his hair cut. Next thing he knows, she’s moved in with him. But rather than moving into more familiar territory here – the drama of inheriting a nightmare step-child that causes all manner of trouble – Lipman heaps the joys of family and love on Henry.

This is a social comedy, acutely observed, and the asinine twang of the plot fades under the cosy warmth of Lipman’s direction. This is a feel-good, well-written novel and a good alternative to watching a box-set of Friends.
Zoe Strimpel

INCENDIARY
BY CHRIS CLEAVE
Sceptre, £6.99
CHRIS Cleave, author of bestseller The Other Hand, is pretty hardcore – the kind of author whose fiction is uncomfortably close to reality in that it embellishes and even distorts our worst fears. In this, his first novel, first published just after the 7/7 attacks in 2005 (but newly reprinted in paperback), a Cockney woman narrates a letter to Osama Bin Laden amid the savagery of a roiling city of bloodshed: London.

Cleave’s gruesome story imagines a May Day attack on the Arsenal football stadium, orchestrated by Bin Laden. It occurs while the narrator is enjoying some adultery on the sofa at home with a Sunday Telegraph writer. Her husband and son are at the match when she catches sight of the stadium exploding on the TV playing in the background. She gets her lover to drive her there, only to get herself badly injured. Later, in hospital, she learns the grisly fate of her “chaps”, who are burned beyond recognition.

In the London of Incendiary, Muslims are sacked from their jobs and senior policemen happily bandy the term “Johnny Arab” about. It’s a city of immoral abandon, a crazed society of excess and lust that, as Cleave paints it, is every bit deserving of Bin Laden’s wrath. Eventually, the narrator realises that the British people are as responsible for the Arsenal attack as the terrorist mastermind himself.

Clearly, this is an objectionable – and hackneyed – view. Granted, this is fiction, and Cleave’s London is a hell-hole with the racist, corrupt police its crowning glory. But still, first released so close to the 7/7 attacks, Incendiary was seen as an uncomfortable, tasteless foray into imagination, and making comparisons between liberal democracies and terrorist cells is never a good idea.

But Cleave is clever and this is a compulsive read, sure to stir the dust. Perhaps enough time has passed since 2005 for it to be read with the detachment needed to enjoy its dark, vivid strength.
ZS

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Categories

  • Life&Style

Related Topics

  • NULL

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Nothing fails to file accounts months after dissolution threat

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

  • Nottingham Forest owner Marinakis announces £210m stadium plans

More from City PM

  • Exclusive: Russian ambassador was invited to box at Queen’s Club

    Wealth
    Andrey Kelin, Russian ambassador, addressing media at a press conference on diplomatic relations and international policies.
  • Londoners should back Andy Burnham’s property tax reforms – not fear them

    Opinion
    Luxurious mansions surrounded by manicured gardens in an upscale residential neighborhood, highlighting opulent housing tr...
  • Gatwick expansion cleared for take-off, court rules

    Aviation
    20m passengers have flown through Gatwick this year
  • Mayor Khan makes case for London to host Joshua vs Fury boxing bout

    Sport Business
    GettyImages 2270908743 likely shows a significant news-related event or scene relevant to the articles context and focus.
  • On this day: Britain’s first banking crisis

    Opinion
    Historic illustration of 1754 Canada skyline with St. Pauls Cathedral and surrounding architecture, showcasing 18t...
  • Uber and Wayve open waitlist for London robotaxis

    Tech
    Wayve autonomous vehicle navigating a busy London street with iconic cityscape in the background
  • Cliff-edge warning: Fewer than 10 per cent of Brits to achieve a comfortable retirement

    Personal Finance
    Jar filled with coins symbolizing cautious saving habits of older Brits avoiding stock market investments for retirement s...
  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

    Advisory
    James Purnell of Flint Global, highlighted in a business setting last year, showcasing leadership in strategic consulting.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy