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Sale of tycoon Ismailov’s property may be extended – Russian court

11:46 02/09/2019

MOSCOW, September 2 (RAPSI) – The estate administrator of businessman Telman Ismailov, currently on the international wanted list, has asked the Moscow Regional Commercial Court to extend the procedure of sale of the tycoon’s property, according to court records.

No date of the hearings on the application of the debtor’s estate administrator Valery Kubelun has ben set yet.

This March, the bankruptcy proceedings against Ismailov were extended for six months in order to reveal more of the businessman’s assets, as well as formation and sale of the bankrupt’s estate.

The court opened an asset disposition procedure against Ismailov on March 16, 2017, declaring him bankrupt.

In December 2017, the businessman was charged in absentia with murder and illegal arms trafficking and put on the international wanted list.  He could face life imprisonment if convicted.

According to investigators, Ismailov organized the murder of businessman Vladimir Savkin and founder of Lublino-Motors auto service centre Yury Brylev in May 2016. In preparing the crime Ismailov, investigators believe, was assisted by his brothers Rafik and Vagif Ismailovs, whereas the murder was allegedly committed by Mekhman Kerimov, who pleaded guilty. He was sentenced to 13 years in high security prison in spring. Rafik Ismailov has been placed in detention, Telman and Vagif Ismailovs have been arrested in absentia by a court decision.

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Sale of tycoon Ismailov’s property may be extended – Russian court

11:46 02/09/2019 The estate administrator of businessman Telman Ismailov, currently on the international wanted list, has asked the Moscow Regional Commercial Court to extend the procedure of sale of the tycoon’s property.
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