Cypriot company demands over $75 million from Summa Group subsidiary
MOSCOW, March 29 (RAPSI) – The Cypriot firm Bronstel Consultants Limited has filed a 4.9-billion-ruble claim (over $75 million) against Global Electro Service, a subsidiary of Summa Group, with the Moscow Commercial Court, according to court records.
Earlier in January, the Moscow Commercial Court included the Summa subsidiary’s 8 billion-ruble (over $128 million) debt to VTB in the creditors’ list.
The court also ruled to review an application demanding to jointly and severally collect 17.1 billion rubles (about $261 million at the present exchange rate) from Summa Group owner Ziyavudin Magomedov, his brother Megomed and 14 other individuals and firms on March 25.
Last December, the court included Global Electro Service’s debts to the Deposit Insurance agency (2.6 billion rubles, or $40 million), VTB (430 million rubles, or $6.5 million) and Russian Credit Bank (596 million rubles, or $9 million) in the list of creditors’ claims.
A monitoring procedure was introduced in Global Electro Service last summer on the request of NT-Com Engineering company.
Summa Group owner Ziyavudin Magomedov and his brother Magomed are involved in the organization of a gang, embezzlement of 2.5 billion rubles (about $38 million at the current exchange rate) from the state budget and withdrawal of some of these assets abroad, investigators claim. Magomed Magomedov is also charged with illegal weapon possession. They have been detained along with ex-CEO of Intex construction company Arthur Maksidov.
At the same time, it was discovered that Ziyavudin Magomedov and his brother had been additionally charged with stealing 300 million rubles ($4.6 million) during the construction of a highway in South Siberia in September 2014.
The defendants have pleaded not guilty to the charges.
Moreover, according to investigators, French authorities have opened a tax evasion case against ex-wife of Ziyavudin Magomedov Olga, who owns several restaurants in France. No other details have been disclosed.