MOSCOW, October 11 (RAPSI) – The Moscow Commercial Court will hear a bankruptcy application filed by GlobalElectroService against one of the Summa Group owners Ziyavuddin Magomedov, who stands charged with large-scale embezzlement, on December 1, according to court records.
Ziyavuddin Magomedov and his brother Magomed are charged with creation of a criminal group, embezzlement of billions rubles from the state budget and fraud.
According to the investigation, not later than 2010, the defendants created a gang in Moscow in order to embezzle budget funds and assets belonging to commercial organizations. They involved their confidants Eldar Nagaplov and David Kaplan in the criminal group. In total, there were over 15 members in the gang.
Investigators believe that between 2010 and 2016 the accused persons stole over 11 billion rubles (over $150 million) upon state contracts and agreements signed with firms under their control.
The defendants plead not guilty to the charges.