Magomedov brothers’ detention in embezzlement case extended till winter
MOSCOW, August 26 (RAPSI) – The Moscow City Court has extended detention of Summa Group owner Ziyavudin Magomedov and his brother Magomed in a case over embezzlement of 2.5 billion rubles (over $33 million at the current exchange rate) until November 30, RAPSI has learnt from the court’s press office.
The brothers are charged with creation of a criminal group, embezzlement of 2.5 billion rubles from the state budget and withdrawal of some of these assets abroad, investigators claim. Magomed Magomedov is also accused of illegal weapon possession.
In November 2018, it was discovered that Ziyavudin Magomedov and his brother had been additionally charged with stealing 300 million rubles ($4 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.