I found that the oligarchs make for great evil characters in thrillers and so I couldn’t pass up the opportunity to read Corruption of Power which centers on the oligarchs of Russia. Both the Russian and Ukrainian oligarchs obtained their wealth by taking advantage of the political and economic turmoil that occurred as a result of the fall of communism in the former Soviet Union. The Russian oligarchs in particular, took advantage of what is now termed the ‘loans for share’ scheme which happened under Boris Yeltsin’s regime. Yeltsin wanted to speed up privatization as quickly as possible, so he decided to auction off shares of the regime’s most desirable businesses in energy, telecommunication and metallurgy as collateral for loans to help the ailing government. If the loans were to go into default, the lenders would then gain the title to the shares. Only a handful of banks got in on the auctions and the government defaulted on the loans which meant only a handful of people acquired ownership of the most important assets of Russia which made them extremely wealthy as well as powerful.
In Corruption, the oligarch in this novel is actually a brother and sister, Max and Vika, who have inherited their wealth from their oligarch father, Lev Usenko, who passed away. The Usenko family owns a corporation known as the Chestny Kombinat which has been the center of their wealth. In Corruption of Power, President Karpev is working in collaboration with Max Usenko on construction of an oil pipeline that will span from Turkmenistan to India to open up access of Russia’s oil to the Far East. This would be a lucrative deal for Russia as well as for the Usenko family and other investors. The big concern is that the pipeline must go through Afghanistan and the safety of the pipeline is in question. Max Usenko has guaranteed the safety of the pipeline to the government but he is being clandestine on how he plans to go about that. This is where Alex Leksin comes into play.
Alex Leksin is an interesting character, much like a flawed James Bond. Born in Russia, his parents moved to England when he was young where he was raised and educated with degrees from Cambridge and Harvard. While at Harvard he was recruited by MI5, British Intelligence, to work in their financial forensic unit. Leksin left MI5 to go solo as a private investigator whose main client is the Russian government who pays him a tidy sum. He has all the makings of a superhero except for a couple of flaws; he has a substantial cocaine addiction and a phobia of fire. Both of these flaws have gotten him into trouble on more than one occasion.
There is a lot going on in this novel with a number of characters in different locales, so there is a significant amount of skipping from one scene to another. Additionally, many of the characters don’t have names like Bob Smith and Laurie Williams, but more like Nicholai Korakov or Vika Usenko located in places like Garkent and Ashgabat, so for us mono language people who only speak English, it takes a little effort to get through the first part of the book. But once you become familiar with what is going on, the pace of the novel moves quickly and it is one exciting moment after another until the end.