MOSCOW, July 17 - RAPSI. Antonina Babosyuk, vice-president of the supervisory board of infamous jewelry holding Altyn, is determined to use court proceedings to get back the 1.5 tonnes which the Federal Security Service (FSB) had confiscated from the company, Izvestia reports.

She claims the FSB has intentionally delayed the return of the gold and its documents, therefore preventing Altyn from going about its normal business.

Antonina Babosyuk's lawyer said that the red tape of FSB officers was the reason for filing the court appeal. They are said to be in no hurry to return the jewelry, taken from Altyn in 2009 as material evidence in a case on contraband gold.

On March 7, 2012, Babosyuk filed an appeal with the Third Division of Investigative Department for the return of Altyn's gold, jewelry and financial documents, but the investigator still has not taken any action.

The FSB launched criminal proceedings against several Altyn top managers on smuggling charges in October 2009.

Investigators maintain that the suspects smuggled gold from Kazakhstan to later be sold in Altyn shops.

The Altyn Jewelry Holding was founded in 1990. The company had a wide network of jewelry stores in Russia and abroad, including the United Arab Emirates.

The jewelry company asserted that the criminal cases against its management were organized by rivals seeking to oust the company from the Russian market.