CHEMK’s former owners faced a multibillion-dollar lawsuit

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The Prosecutor General’s Office of the Russian Federation appealed to the Arbitration Court of the Chelyabinsk Region with a request to recover unjust enrichment in the amount of more than 25.8 billion rubles from the former owners of the Chelyabinsk Electrometallurgical Plant (CHEMK). writes about this TASS with reference to materials published by the press service of the court.

In the indictment, the Prosecutor General’s Office requested the court to collect 25 billion 830 million 654 thousand rubles 81 kopeks jointly and severally from Yuri Antipov, Lyudmila Antipova and Mikhail Antipov, as well as Etalon Company JSC, in favor of the state.

The prosecutor’s office insists on the invalidation of the agreement dated October 19, 2022, according to which Yuri Antipov was released from debts to the state in the amount of more than 25.8 billion rubles in exchange for the return of state funds and interest on them. The Chief Public Prosecutor’s Office believes that there is no economic justification for forgiving such a significant debt and that it was carried out in a way that would harm the public interest.

On February 26, the Arbitration Court of the Sverdlovsk Region, at the request of the Prosecutor General’s Office, transferred the shares of ChEMK, Serov Ferroalloy Plant and Kuznetsk Ferroalloys to the ownership of the Russian Federation.

President Vladimir Putin on February 16 supported The idea to move ChEMK’s large metallurgical production outside Chelyabinsk due to its negative impact on the environment. The facility began shutting down electrode production in accordance with presidential orders on February 22. The next step will be the transfer of ferroalloy production, preparations for this are already underway.

Putin before said On the growth of industrial production in Russia.

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