MOSCOW, December 1 (RAPSI) - The Moscow Commercial Court will consider on January 20 a claim filed by the “Flowery Development Limited” seeking bankruptcy of Russian businessman Anatoly Motylev, according to court records.
The company filed the claim against Motylev on July 22 but it was not reviewed by the court because of lack of provided evidence. The court accepted the claim after all violations had been lifted.
Motylev, who currently lives abroad, is the former owner of several Russian banks including Russian credit, M-Bank and Tulsky Industrialist.
In the summer of 2015, the Central Bank of Russia withdrew the licenses of those banks. All four banks are declared bankrupt and are subjected to bankruptcy proceedings.
A large-scale fraud criminal case launched against Motylev is reportedly related to alleged embezzlement at M-Bank. Allegedly over 1 billion rubles ($15.5 mln) were transferred from the bank to phony companies where they were cashed and stolen.