MOSCOW, October 9 - RAPSI. The Federal Bailiffs Service is determined to find and seize businessman Viktor Baturins assets abroad to pay his $180 million debt to his banks and partners, the Izvestia daily has reported on Tuesday.
The bailiffs are primarily searching for his Napoleon collection, which is believed to be the worlds largest. The collection includes Napoleon's sword, tricorne, uniform, other weapons, awards, personal items, furniture, Marshal Soults saber, and rare books. Its estimated value is $2 million. The bailiffs believe that Baturin may have hidden the collection abroad before his arrest.
They began hunting for his assets in 2008. At the time, he owed $53 million to VTB bank, LOKO-Bank, Rosselkhozbank, Grant, Park-Service, and Velesagroprodukt.
The bailiffs have so far seized 1.1 billion rubles ($35.4 million) in assets from Baturin, while his debt totals 5.6 billion rubles ($180 million). The bailiffs have said the sum will be hard to obtain, especially if the assets are in the United States, which has no cooperation treaty with Russia.
The service has refrained from making official comments, as has Baturins lawyer Igor Shabanov.
Baturin is the older brother of businesswoman Yelena Baturina, the wife of former Moscow Mayor Yuri Luzhkov and Russia's richest woman. Forbes ranked her as the world's third wealthiest woman in 2010 with a $2.9 billion fortune. Viktor and Yelena are the co-founders of the Inteco investment and construction corporation.
Baturin has been charged with attempted fraud involving Inteco promissory notes. He was earlier charged with the attempted embezzlement of 10.8 million rubles ($346,680).
Baturin's case carries other charges involving the attempted theft of over 5.6 billion rubles ($180.01 million).
Baturin was arrested at Inteco's office on November 28 after arriving to cash a counterfeit 10.8 million ruble ($346,680) promissory note.
Baturin, who denies any wrongdoing, faces up to 10 years in prison.