The court arrested the assets of Glavproduct and the property of its beneficiary Smirnov

The Moscow Arbitration Court, at the request of the Prosecutor General’s Office, seized money, movable property and securities of the Glavproduct group of companies, as well as the property of its beneficiary Leonid Smirnov. This is stated in the court ruling published in the court file.

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The Moscow Arbitration Court, at the request of the Prosecutor General’s Office, seized money, movable property and securities of the Glavproduct group of companies, as well as the property of its beneficiary Leonid Smirnov. This is stated in the court ruling published in the court file.

The court also ruled that the arrest did not cover 80% of Smirnov’s monthly salary. "The statement of the Prosecutor General's Office of the Russian Federation, acting in the interests of the Russian Federation, on the adoption of interim measures in the case - to satisfy in part," the court said in its ruling. The Moscow Arbitration Court has scheduled for April 18 consideration of the claim of the Prosecutor General’s Office against Universal Beverage Company. In October 2024, by decree of Russian President Vladimir Putin, the company's assets in Russia (Glavproduct holding) were transferred to the temporary management of Rosimushchestvo. According to the court file, the defendants also include the owner of Universal Beverage Company Leonid Smirnov and Universal Company 2000 Inc., among the third parties are Rosimushchestvo, VTB Registrar JSC, Promselkhozinvest LLC (the main legal entity of the holding), Glavproduct-invest and a number of other companies. On March 6, it became known that the Prosecutor General’s Office of the Russian Federation demanded that 100% of the shares of the parent companies of Glavproduct Group be withdrawn in favor of the state due to the withdrawal of profits abroad, bypassing counter-sanctions introduced in Russia. The supervisory authority claims that Smirnov and foreign companies tried to withdraw almost 1.4 billion rubles to accounts in the American bank JPMorgan Chase, bypassing restrictions under the scheme of “splitting”.

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