MOSCOW, April 2 (RAPSI) – The Moscow Commercial Court has closed proceedings over a lawsuit filed by the construction developer of Moscow’s Marine Gardens oceanarium, which sought to collect 27.6 billion rubles ($460 million) from Facebook Trading Limited company registered in Cyprus, the court documents read.

The court noted that the defendant was liquidated in December 2014. The applicant demands to recover the defendant’s debt under the loan agreement of June 24, 2008. 

The Moscow Commercial Court declared Marin Gardens bankrupt in October 2016. The company’s debt was estimated at 9.8 billion rubles ($163 million). The plaintiff has earlier been controlled by the former owner of Kazakh BTA Bank Mukhtar Ablyazov charged in Russia with embezzlement, forgery of documents and abuse of office, and the defendant is also related to the ex-banker.

In the early 2000s, Moscow authorities leased a large plot of land to Marin Gardens for the construction of the oceanarium. The opening of the object, then called the largest in Eastern Europe, was planned for 2009. The project, however, has never been implemented.