Bankruptcy proceedings resume at a company connected to Browder
MOSCOW, September 11 (RAPSI) – The Commercial Court of Kalmykia has resumed bankruptcy proceedings at Dalnaya Step, a company that is presumably controlled by William Browder’s Hermitage Capital Management, RIA Novosti reported on Friday from the court.
The department of Russia’s Federal Tax Service for the Republic of Kalmykia has filed a motion with the court to declare void a decision made in October 2007 to complete the liquidation of Dalnaya Step. The FTS department said the reason for the petition is that Russia’s Interior Ministry is investigating Alexander Dolzhenko, former bankruptcy management at Dalnaya Step, on suspicion of premeditated bankruptcy.
The court has ruled that the bankruptcy proceedings at the company be extended until March 4, 2016.
Russian media reported in August that investigators plan to charge Bill Browder, who is involved in several criminal cases in Russia, with deliberately bankrupting Dalnaya Step. The Tverskoy District Court in Moscow has issued a warrant to arrest Browder in absentia on charges of embezzlement at Gazprom. Browder has been sentenced in absentia to nine years in prison in the Magnitsky case.
William Browder is a national of Britain, which has refused to extradite him to Russia.