MOSCOW, September 14 (RAPSI) – Law enforcement officers raided premises belonging to Russian tycoon Telman Ismailov on Thursday, lawyer Alexander Dobrovinsky wrote on his Facebook page.

According to the attorney, searches are conducted at twelve addresses.

In March, the Moscow Commercial Court declared Ismailov bankrupt and initiated procedure for selling his property. Later, the Tenth Commercial Court of Appeals upheld this ruling.

Telman Ismailov, who controls AST Group and is one of Russia’s richest men, clashed with law enforcement authorities in 2009 over the Cherkizovsky outdoor market, which evolved from a mere flea market into an industrial-scale distribution hub for Chinese imports during the oil boom. The market was closed after sanitary authorities found major violations.