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Two banks demand over $60 mln from former co-owner of troubled Russian refinery

14:31 04/03/2020

MOSCOW, March 4 (RAPSI) – Absolut Bank and Credit Europe Bank have lodged applications seeking to add a debt of board chairman of New Stream oil and gas company and former co-owner of troubled Antipinsky refinery Dmitry Mazurov charged with embezzlement totaling more than 4 billion rubles (over $60 million) to the creditors’ list, according to the Moscow Commercial Court’s records.

Absolut Bank demands 3.3 billion rubles from Mazurov, while Credit Europe Bank seeks to return 854 million rubles.

In February, Sberbank Capital filed a similar application demanding 28.45 billion rubles (about $450 million) from Mazurov.

On January 29, the court ruled to initiate the debt restructuring process with respect to Mazurov in favor of Persit Services Inc., which had the respective petition.

Earlier, the Moscow City Court upheld detention of Mazurov in a 1.8-billion-ruble (about 28 million) embezzlement case.

The businessman was arrested on July 13, 2019, on suspicion of embezzling 1.8 billion rubles (nearly $30 million) from Russia’s Sberbank through default on a loan given to one of his companies.

A felony complaint was filed by Sberbank and Antipinsky refinery, in construction of which Mazurov was involved in 2004 – 2019.

Mazurov pleads not guilty.

Antipinsky is a private, not a state-run refinery which capacity exceeds 9 million tonnes per year. The refinery occupies its rightful place among the largest players of the Russian oil refining industry, forming the Urals and West-Siberian oil refinery market, and is known abroad, the company’s official website says.

In December 2019, the refinery was declared bankrupt.

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Two banks demand over $60 mln from former co-owner of troubled Russian refinery

14:31 04/03/2020 Absolut Bank and Credit Europe Bank have lodged applications seeking to add a debt of board chairman of New Stream oil and gas company and former co-owner of troubled Antipinsky refinery Dmitry Mazurov charged with embezzlement totaling more than 4 billion rubles (over $60 million) to the creditors’ list.
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