Summa’s CEO fails to attend meeting of TransContainer’s directors

MOSCOW, Apr 6 (PRIME) -- Layla Mammedzade, CEO of Russian multi-industry holding Summa Group, failed to attend a meeting of the board of directors of railway container operator TransContainer for an unknown reason, a TransContainer representative told PRIME on Friday.

Other Summa representatives on the board of TransContainer – Summa’s First Deputy CEO Alexander Panchenko and Mark Garber, chairman of the board of directors of GHP Group – took part in the meeting, the representative said.

On March 31, the Tverskoi District Court of Moscow sanctioned arrest of Summa Group’s co-owners Ziyavudin and Magomed Magomedov on charges of large-scale embezzlement. Far Easter Shipping Company (FESCO), part of Summa, owns 25.07% in TransContainer.

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