MOSCOW, February 6 (RAPSI) – The Moscow Commercial Court has granted a claim lodged by the Yakut Fuel and Energy Company, a subsidiary of Summa Group, demanding to recover over 366 million rubles (about $6 million) from Transengineering company, another structure of businessman Ziyavudin Magomedov’s Group, according to court records.
The court has collected a principal loan agreement debt totaling to 260 million rubles, interest worth 46.6 million rubles and 60.06 million rubles as a penalty.
In January, the Commercial Court of Russia’s Sakha Republic commenced a supervision procedure in relation to the Yakut Fuel and Energy Company on the application of a local King-95 firm.
A bankruptcy claim lodged by the Russian Agricultural Bank against the fuel company is also pending in the court.
Moreover, Russia’s Sberbank has filed two applications seeking to collect over 4.1 billion rubles ($61.5 million) in debt from the Yakut Fuel and Energy Company.
Summa Group owner Ziyavudin Magomedov and his brother Magomed are involved in the organization of a gang, embezzlement of 2.5 billion rubles (about $38 million at the current exchange rate) from the state budget and withdrawal of some of these assets abroad, investigators claim. Magomed Magomedov is also charged with illegal weapon possession. They have been detained along with ex-CEO of Intex construction company Arthur Maksidov.
In November, their detention was extended until February. At the same time, it was discovered that Ziyavudin Magomedov and his brother had been additionally charged with stealing 300 million rubles ($4.6 million) during the construction of a highway in South Siberia in September 2014.
The defendants have pleaded not guilty to the charges.
Moreover, according to investigators, French authorities have opened a tax evasion case against ex-wife of Ziyavudin Magomedov Olga, who owns several restaurants in France. No other details have been disclosed.