Several foreign companies file lawsuit against Russian businessman Ismailov
MOSCOW, February 29 (RAPSI) – Ten foreign organizations filed a motion with the Moscow Regional Commercial Court asking to add them to the list of creditors who have financial claims against Russian businessman Ismailov, according to court’s documents.
Overall creditors demand 140 billion rubles ($1.8 billion) and $286.4 million in payments.
Previously a separate lawsuit against Ismailov by the Bank of Moscow was dismissed.
Telman Ismailov, who controls AST Group and is one of Russia’s richest men, clashed with law enforcement authorities in 2009 over the Cherkizovsky outdoor market, which evolved from a mere flea market into an industrial-scale distribution hub for Chinese imports during the oil boom. The market was closed after sanitary authorities found major violations.
Currently Ismailov is in the middle of personal bankruptcy procedure. His overall debt to all creditors is estimated to be 20 billion rubles ($266 million).