Ziyavudin Magomedov

Tag: Ziyavudin Magomedov

Bankruptcy petition against Summa Group owner set for December

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.

10:17 11.10.2021

Summa Group owners charged with embezzlement to go on trial

Moscow’s Meshchansky District Court will proceed with an embezzlement case against owners of Summa Group Ziyavudin Magomedov and his brother Magomed on March 19.

13:28 16.03.2021

Assets worth nearly $600 mln seized from Magomedov brothers as part of Summa Group case

Assets worth over 45 billion rubles (about $600 million) belonging to Summa Group owner Ziyavudin Magomedov and his brother Magomed Magomedov have been seized during investigation into a case against them.

16:37 16.11.2020

Magomedov brothers’ detention in embezzlement case extended till winter

The Moscow City Court has extended detention of Summa Group owner Ziyavudin Magomedov and his brother Magomed in a case over embezzlement of 2.5 billion rubles (over $33 million at the current exchange rate) until November 30.

10:53 26.08.2020

Magomedov brothers to stay detained till late June in embezzlement case

The Moscow City Court on Friday extended detention of the Magomedov brothers involved in a case over embezzlement of 2.5 billion rubles (about $40 million) and criminal group creation for three months.

18:13 27.03.2020

Asset sale procedure against Summa subsidiary extended for six months

The Moscow Commercial Court has extended an asset sale procedure against Global Electro Service, a subsidiary of Summa Group, for six months.

13:06 20.03.2020

British firm seeks bankruptcy of Yakut subsidiary of Russia’s Summa Group

The Commercial Court of Russia’s Sakha Republic will hear a petition for bankruptcy of the Yakut Fuel and Energy Company, a subsidiary of troubled Summa Group, on September 17.

11:24 20.08.2019

Moscow Court upholds Magomedov brothers’ detention in $40 mln embezzlement case

The Moscow City Court on Tuesday upheld detention of the Magomedov brothers involved in a case over embezzlement of 2.5 billion rubles (about $40 million) and criminal group creation until September 30.

13:40 30.07.2019

Magomedov brothers’ detention in $40 mln embezzlement case extended for 3 more months

The Moscow City Court on Wednesday extended detention of the Magomedov brothers involved in a case over embezzlement of 2.5 billion rubles (about $40 million) and criminal group creation until September 30.

11:52 26.06.2019

Summa Group subsidiary moves to appeal 8 bln debt to VTB bank

Global Electro Service, a subsidiary of Summa Group, has appealed a decision of the Moscow Commercial Court granting a debt claim in excess of 8 billion rubles (over $128 million) lodged by the VTB bank.

11:42 25.02.2019

Summa subsidiary’s $260 mln claim against Magomedov brothers set for March 25

The Moscow Commercial Court has set March 25 as a date for hearing a claim filed by a temporary manager of Summa Group’s subsidiary GlobalElectroService seeking to recover 17.1 billion rubles (about $260 million) from the Group owner Ziyavudin Magomedov, his brother Magomed and 14 other defendants.

10:35 08.02.2019

Summa Group subsidiary ordered to pay Yakut company $6 million

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.

10:45 06.02.2019

Summa Group subsidiary’s debt acknowledged by court

The Moscow Commercial Court has granted two claims lodged by VTB bank seeking to add an 8.5-billion-ruble debt (over $128 million) of Global Electro Service, a subsidiary of Summa Group, into creditors' list.

10:54 23.01.2019

Moscow Commercial Court puts $260 mln claim against Magomedov brothers on hold

A claim by a temporary manager of GlobalElectroService company, a subsidiary of the troubled Summa Group, demanding to collect 17.1 billion rubles (about $260 million) from the Group owner Ziyavudin Magomedov his brother Magomed and 14 other individuals and companies, has been put on hold until March 10.

10:52 14.01.2019

Sberbank demands $61.5 mln from Yakut subsidiary of Summa Group

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, a subsidiary of the troubled Summa Group.

10:50 27.11.2018

Summa Group owners to remain jailed in embezzlement case until February

The Moscow City Court has upheld a lower court’s ruling to extend detention of Summa Group owner Ziyavudin Magomedov and his brother, the company’s co-owner Magomed Magomedov, who are charged with organizing a criminal gang and embezzlement, until February 5.

17:13 23.11.2018

Summa Group subsidiary interim manager demands $260 mln from Magomedov brothers

A temporary manager of GlobalElectroService company, a subsidiary of the troubled Summa Group, has lodged a claim with the Moscow Commercial Court seeking to recover 17.1 billion rubles (about $260 million) from Ziyavudin Magomedov his brother Magomed and 14 other individuals and companies.

11:53 21.11.2018

Summa Group owners accused of one more embezzlement count

Summa Group owner Ziyavudin Magomedov and his brother, the company’s co-owner Magomed Magomedov, who are charged with organizing a criminal gang and embezzlement, have been additionally accused by investigators of stealing 300 million rubles ($4.6 million).

18:02 01.11.2018

Seizure of FESCO assets as part of Summa owners’ case upheld

The Moscow City Court on Wednesday upheld seizure of assets belonging to four companies of FESCO Group as part of a case against businessman Ziyavudin Magomedov and his brother Magomed, who stand charged with organizing a criminal group and embezzlement.

16:31 01.08.2018

Charges brought against Summa Group owners

Charges have been brought against Summa Group owners Ziyavudin Magomedov and Magomed Magomedov as part of a 2.5-billion-ruble embezzlement case ($43.5 million).

17:11 11.05.2018