Russian court decides to ban Poroshenko's business in Russia and seize shares in Lipetsk factory in favour of the state
Shares of Lipetsk Confectionery Factory Roshen JSC and shares in the authorised capital of Roshen LLC will be seized
A court in the Russian city of Lipetsk has granted the Deputy Prosecutor General's request to recover shares in Lipetsk Confectionery Factory Roshen JSC in favour of the state, Interfax-Ukraine reports.
According to the release, the court decided to recover the shares of Lipetsk Confectionery Factory Roshen JSC, as well as shares in the authorised capital of Roshen LLC, for the benefit of the Russian Federation:
94.9976% owned by the Ukrainian Central European Confectionery Company (CECC) and 5% owned by Oleg Kazakov.
In addition, the court decided to ban the activities of the previous President of Ukraine Petro Poroshenko, his son and beneficiary Oleksiy Poroshenko and Kazakov in Russia.
"The court decision in the administrative case is subject to immediate execution. It may be appealed to the Lipetsk Regional Court within the time limits established by law," the statement said.
In April 2015, Roshen Corporation announced the seizure of the property of its Lipetsk confectionery factory worth RUB 2 billion.
At the time, the Investigative Committee of Russia reported that a criminal case had been opened over the alleged fraudulent embezzlement of 180 million rubles through the illegal reimbursement of value added tax from the Russian budget to the Roshen Lipetsk Confectionery Factory for transactions in 2012.
Searches were conducted at the factory, as well as at the offices of the construction firm Metalimpres in Nizhny Novgorod.
The company was mothballed in 2017. Production has been suspended.
Background. Meanwhile, the revenue of the Russian companies of Putin's godfather Medvedchuk has tripled during the year of war – Tradeproekt supplies fuel and owns 33 petrol stations in Lipetsk, Tyumen and Kurgan regions of Russia.
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