Correction and apology

In our 8 June article headlined “Western giants feel the force of the Alfa males” we reported a reference in the Indian press that Mikhail Fridman was being investigated by anti-money laundering agencies in Europe. We can confirm that we have no evidence of any such investigation, and apologise to Mr Fridman. We also reported that Mr Fridman is the cousin of Dmitry Fridman, the director of a company, Farimex, which has brought proceedings against the Norwegian company, Telenor. We accept that neither Mr Fridman nor any Alfa Group company has any connection with either Dmitry Fridman or Farimex.