MOSCOW, September 6 (RAPSI) – The Moscow Regional Commercial Court has declared businessman and lawyer Dmitry Yakubovsky bankrupt, according to court records.

In mid-December 2017, the court initiated a debt restructuring process against Yakubovsky. His 2.2-billion-ruble debt (about $38 million) to a regional inspection office of the Federal Tax Service was added to the creditors’ list.

In late December 2017, Gazprombank lodged a petition with the court seeking to include a 1.1-billion-ruble debt ($19 million) of the businessman.

In March 2018, Bank Monolith filed a motion with the Moscow Regional Commercial Court seeking to include a 6.4-billion-ruble debt ($112.4 million) of Yakubovsky in the list of creditors' claims.

Yakubovsky acted as a TV host, a lecturer in Moscow’s Griboyedov Institute of International Law and Economy, a chairman of Presidium of the First Moscow Bar Association. Since 2007, he has run real estate development business.

Yakubovsky owns the Swiss company Engelberg Industrial Group.