MOSCOW, March 5 (RAPSI) – Yury Burlyak, property manager for the co-owner of Yashma group Igor Mavlyanov, has asked the Voronezh Region Commercial Court to declare the entrepreneur bankrupt, the court documents read.
In November 2017, the court granted a motion to initiate the procedure of debt restructuring against Mavlyanov. The applicant in this bankruptcy case is Vladimir Potapov, who had Mavlyanov’s 950,000 rubles (about $16,000) debt to him included in the creditors demands list.
The bankruptcy case against the entrepreneur is reviewed for the second time. In February 2017, he was declared bankrupt but later in August, the Central District Commercial Court overturned the ruling.
Yashma group’s companies are involved in the wholesale distribution of jewelry, precious stones and metals, custom jewelry and other similar products. On May 25, 2016, the Moscow Commercial Court found the Jewelry House Yashma company bankrupt on request of Friso trading Inc. Creditors of the company include Sberbank and Otkrytie bank.
On December 19, 2016, investigators launched a tax evasion case against head management of one of Yashma group’s companies. According to investigators, some of the company’s managers conspired to organize a criminal scheme involving 24 sham firms to receive precious metals from a bank without paying value-added tax.