MOSCOW, April 5 (RAPSI) – Moscow’s Tverskoy District Court has seized monetary assets belonging to Summa Group owners Ziyavudin Magomedov and Magomed Magomedov, the defendants in a 2.5-billion-ruble embezzlement case ($43.5 million), the court’s spokesperson Anastasia Dzyurko has told RAPSI.

However, the court’s spokesperson has not disclosed the volume of the seized assets.

On March 31, the court detained Ziyavudin Magomedov, his brother Magomed and ex-CEO of Intex construction company Arthur Maksidov for two months on suspicion of embezzlement and organizing a criminal group. The ruling has been challenged, and the appeal hearing will be held on April 16.

According to investigators, the businessmen are involved in the organization of a gang, embezzlement of 2.5 billion rubles ($43.5 million) from the state budget and withdrawal of some of these assets abroad. Two more defendants in the cases, who allegedly fled to the United Arab Emirates, were arrested in absentia and put on the international wanted list.