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Ousted chairman of Just Cause party not likely to get his money back

October 20, 2011, 15:08 UTC+3

"There is no one named Prokhorov among the "sponsors" who applied, the party leadership said

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MOSCOW, October 20 (Itar-Tass) — Russian billionaire Mikhail Prokhorov who agreed to head the Right Cause party in summer, will not get back the money he contributed to the project.

On Thursday the Federal political council of the party decided to cut short its relations with the billionaire. Having discussed an account of the audit commission about the party's financial obligations in the period since June 26 until September 15 the party members decided to return all the contributions their sponsors made to the party treasury in the period of Prokhorov's chairmanship. But, there is no Prokhorov among the sponsors who are to get their money back.

The party's political council announced the overall sum to be returned to five companies and 86 physical entities, including nine physical entities who had contributed money in violation of the law and will be paid their money back without applications. The audit check established there were 701 million roubles in the party treasury. The money not to be returned will be used to finanace the party's election campaign to the State Duma.

"All those interested were to have applied to party’s executive committee until October 1, but Prokhorov did not apply, although the party's representatives called him at his office," said the party leader, Andrei Dunayev.

Prokhorov called upon to join the party as " an outsider " agreed to become the head of the party at its congress on June 25, but on September 15 Prokhorov was ousted from the head post. He said then that he would claim back the money he contributed to the party treasury, which he believed had as many as around 800 million roubles then.

"There is no one named Prokhorov among the "sponsors" who applied, the party leadership said.


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