Summa

Tag: Summa

Monitoring procedure introduced in Yakut subsidiary of Summa Group

The Commercial Court of Russia’s Sakha Republic has commenced a supervision procedure in relation to the Yakut Fuel and Energy Company, a subsidiary of Summa Group, on the application of a local King-95 firm.

16:36 16.01.2019

Summa Group ordered to pay $3 mln to its Yakut subsidiary

The Commercial Court of Russia’s Sakha Republic has granted two claims of the Yakut Fuel and Energy Company demanding to recover about 180 million rubles (about $3 million) from its parent company Summa Group.

13:01 16.01.2019

Moscow Commercial Court puts $260 mln claim against Magomedov brothers on hold

A claim by a temporary manager of GlobalElectroService company, a subsidiary of the troubled Summa Group, demanding to collect 17.1 billion rubles (about $260 million) from the Group owner Ziyavudin Magomedov his brother Magomed and 14 other individuals and companies, has been put on hold until March 10.

10:52 14.01.2019

Russian energy company seeks to recover $30 million from Summa subsidiary

Russian energy company Federal Grid Company (FGC UES) has filed two claims with the Moscow Commercial Court, seeking to include over 2 billion rubles ($30 million) in the creditors’ demands list against Global Electro Service, a subsidiary of Summa Group.

12:59 24.12.2018

Summa Group’s affiliate seeks to recover compensation from its head

A temporary manager of Global Electro Service, a part of Summa Group, has filed a lawsuit against ex-CEO of the company Rostislav Kolomak seeking to recover compensation for failing to comply with a court ruling.

10:59 11.12.2018

Sberbank demands $61.5 mln from Yakut subsidiary of Summa Group

Russia’s Sberbank has filed two applications seeking to collect over 4.1 billion rubles ($61.5 million) in debt from the Yakut Fuel and Energy Company, a subsidiary of the troubled Summa Group.

10:50 27.11.2018

Summa Group owners to remain jailed in embezzlement case until February

The Moscow City Court has upheld a lower court’s ruling to extend detention of Summa Group owner Ziyavudin Magomedov and his brother, the company’s co-owner Magomed Magomedov, who are charged with organizing a criminal gang and embezzlement, until February 5.

17:13 23.11.2018

Summa Group subsidiary interim manager demands $260 mln from Magomedov brothers

A temporary manager of GlobalElectroService company, a subsidiary of the troubled Summa Group, has lodged a claim with the Moscow Commercial Court seeking to recover 17.1 billion rubles (about $260 million) from Ziyavudin Magomedov his brother Magomed and 14 other individuals and companies.

11:53 21.11.2018

Russian court to hear bankruptcy claim against Yakut subsidiary of Summa Group

The Commercial Court of Russia’s Republic of Sakha will consider a bankruptcy claim against the Yakut Fuel and Energy Company, a subsidiary of Summa Group, on January 9, 2019.

17:32 14.11.2018

Summa Group owners accused of one more embezzlement count

Summa Group owner Ziyavudin Magomedov and his brother, the company’s co-owner Magomed Magomedov, who are charged with organizing a criminal gang and embezzlement, have been additionally accused by investigators of stealing 300 million rubles ($4.6 million).

18:02 01.11.2018

Summa Group owner to remain detained in embezzlement case

The Moscow City Court on Monday upheld extension of detention for Summa Group owner Ziyavudin Magomedov charged with organizing a criminal gang and embezzlement.

17:38 03.09.2018

Seizure of Summa Group co-owner’s assets upheld

The Moscow City Court on Monday upheld the seizure of bank accounts and property belonging to a co-owner of Summa Group and ex-member of Russia’s Federation Council Magomed Magomedov charged with embezzling 2.5 billion rubles ($43.5 million).

12:59 13.08.2018

One more bankruptcy claim filed against Summa group’s subsidiary

Siberian ENTC company has filed a claim with the Moscow Commercial Court seeking bankruptcy of Global Electro Service, a subsidiary of businessman Ziyavudin Magomedov’s Summa Group.

10:20 07.08.2018

Seizure of FESCO assets as part of Summa owners’ case upheld

The Moscow City Court on Wednesday upheld seizure of assets belonging to four companies of FESCO Group as part of a case against businessman Ziyavudin Magomedov and his brother Magomed, who stand charged with organizing a criminal group and embezzlement.

16:31 01.08.2018

Moscow court recovers $47.5 million from Summa Group’s company

The Moscow Commercial Court has granted a lawsuit filed by Russian Capital company and recovered 3 billion rubles ($47.5 million) of debt from GlobalElectroService.

10:59 22.06.2018

Shares of Summa seized by Moscow court as part of embezzlement case

The Preobrazhensky District Court of Moscow has seized shares of Summa Group owned by Ziyavudin Magomedov, a defendant in a criminal case over fraud and embezzlement on an especially large scale.

14:59 14.06.2018

Moscow court seizes Summa Group owner’s property in embezzlement case

The Tverskoy District Court of Moscow has seized property of Summa Group owner Ziyavudin Magomedov and his brother Magomed Magomedov as part of a 2.5-billion-ruble embezzlement case ($43.5 million).

11:59 09.06.2018