UPDATE: Court arrests assets, accounts of 24 firms under Summa case - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: Court arrests assets, accounts of 24 firms under Summa case

(Adds details in paragraphs 3Ц5)

MOSCOW, Jul 30 (PRIME) -- The Tverskoi District Court of Moscow has arrested assets and accounts of 24 companies under a case against multi-industry holding Summa Group, a prosecutor said on Monday.

The arrest was imposed on banking accounts for Femsta, Fesco-Service, Fesco-Bunker, Fesco-YeRTS, Elevator and on assets of Mezhozyornoye, Far Eastern Grain Capital, Severnoye Siyaniye+ and other companies.

The Moscow City Court ruled valid arrest of the stakes and accounts of the Magomedov brothers in 16 companies. The court considered pleas to remove arrest from about 10 companies but turned them down.

A spokesperson for Far-Eastern Shipping Company, or FESCO, whose units were arrested, said that the material assets of the group are not under arrest and that the company will contest arrest of its accounts.

УAs we have said earlier, we see no reason to arrest our accounts as a restrictive measure in the framework of investigation of the criminal case which is unrelated to the group. We will contest the court decision and we hope for a quick settlement of the case,Ф the official said.

On March 31, the Tverskoi District Court of Moscow sanctioned arrest of brothers Ziyavudin and Magomed Magomedov, co-owners of Summa Group, on charges of a 2.5 billion ruble embezzlement. It also arrested Artur Maksidov, CEO of SummaТs construction subsidiary Inteks, on charges of 669 million ruble embezzlement.

(62.9726 rubles Ц U.S. $1)

End

30.07.2018 17:13
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.3613 -0.8136 20 sep
USD 67.0098 -0.7421 20 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.10 +0.99 18:50 19 sep
micex 2404.42 +0.08 18:50 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 157.39 +0.20 18:49 19 sep
lkoh 4719.00 +0.73 18:49 19 sep
rosn 437.85 -0.58 18:49 19 sep
sber 193.90 +1.17 18:49 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 79.1900 -0.2175 14:59 19 sep
USDTD 66.7525 -0.6175 17:44 19 sep