Bo Inge Andersson, the chief executive of UzAuto Motors Powertrain, received a penalty equal to 5 percent of his salary after an assessment found that he did not implement the steps required to ensure timely payment of receivables from foreign trade transactions. The sanction was described as a disciplinary measure and signals the ongoing emphasis on cash flow discipline and cross-border financial commitments within the group’s automotive operations.
Andersson has led UzAuto Motors Powertrain and UzAuto Motors since August 2021. Before that, he served as president of AvtoVAZ from 2013 to 2016, where he steered major strategic moves in the Russian automotive sector. His career with the group reflects a long tenure in senior leadership positions across the industry, marked by ambitious manufacturing and export ambitions in a competitive market.
In a separate legal development, the St Petersburg City Court approved the recovery of assets to the state in a case brought by the Prosecutor General’s Office of the Russian Federation. The decision underscores the ongoing state efforts to recover assets tied to corporate disputes and financial schemes within the automotive and related sectors.
In June 2019 investigators opened a criminal case against Sergei Petrov, the former head of the Rolf car dealership, along with Tatyana Lukovetskaya, the former general director of the dealership, Giorgi Kafkalia, the director of the Cypriot Panabel Limited, and Anatoly Kairo. The first three were taken into custody in absentia and placed on the wanted list, while Kairo was kept under house arrest. The authorities alleged that Anatoly Kairo participated in a scheme led by Petrov during 2014, moving around 4 billion rubles earned from commercial activity to accounts controlled by a Cyprus company tied to Petrov.
In May 2024, Petrov stated his intention to pursue a lawsuit challenging the nationalization of the company within the Russian Federation. The move highlighted the ongoing disputes over ownership and control in the sector and the broader implications for investors in the automotive supply chain.
Earlier, Volkswagen filed an appeal in a case seeking the recovery of 16.9 billion rubles in favor of GAZ. The case reflects the wider pattern of high value asset recoveries and cross-border considerations that continue to shape the Russian automotive industry and its international relationships.