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Russia takes U.S. investment banker’s visa

October 6, 1997

MOSCOW (AP) _ Russian authorities have again taken away the visa of an American investment banker.

A spokesman for Boris Jordan confirmed Monday an airport border official took Jordan’s visa last week as he left the country on a business trip. No reason was given. The visa was still valid.

``Time will tell whether this was just a technical error by a low-level official or a provocation by a financial competitor,″ said Oleg Sapozhnikov, spokesman for Mezhdunarodnaya Finansovaya Kompania, a bank headed by Jordan in Moscow.

``We are still analyzing the incident, but we have to remember that he was subjected to a (similar) situation last year,″ he said. Jordan was in London, seeking permission to return to Moscow.

When Jordan’s visa was revoked last year, his spokesmen said it was the work of financial rivals. The visa was restored a month later.

Jordan’s often aggressive style has earned him many critics among Russia’s Soviet-era industrial managers. Jordan, 31, also has drawn criticism from new business tycoons, squabbling over the last big pieces of state property being sold in privatization auctions.

Formerly head of CS First Boston’s Moscow office, Jordan has forged strong ties with Russian financial giant Oneximbank, which has snapped up huge stakes in newly privatized state companies.

For two years, Jordan has headed Oneximbank affiliate Renaissance Capital, a Moscow-based investment bank. Last week, he was named president of Oneximbank’s other main investment bank, MFK.

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