The Nizhny Novgorod Region Arbitration Court seized the assets of Freedom Holding’s shareholder and CEO Timur Turlov, as well as many people, upon the request of the Deposit Insurance Agency (DIA) within the scope of the Association’s bankruptcy case. Bank. This was reported by Interfax with reference to the file of arbitration cases.
As can be seen from the arbitration case file, Turlov’s money and property in the amount of 18.95 million Euros and 2.05 million dollars, including his 49% stake in Marine Operations Services LLC, were seized.
Similar seizures were made within the same limits of the property of other defendants (Stanislav Mashagin, Marina Kosyreva and Olga Artemyeva). DIA is seeking damages from individuals who participated in the withdrawal of assets from Unity Bank, according to the agency. The relevant lawsuit was filed in mid-March.
Thereupon, Turlov stated that he had no relationship with the Association, that he did not participate in transactions with this bank, and that he did not even know its employees. The businessman said that we could talk about the routine operations of one of his companies.
the central bank recalled A license was obtained from the Union in 2019 after the discovery of a huge deficit of 3.8 billion rubles, more than twice the bank’s capital. In 2022, Turlov’s fortune was estimated at $2.4 billion; he was on Russia’s Forbes list. In the summer of the same year, the billionaire renounced Russian citizenship in favor of Kazakh citizenship. US-listed Freedom Holding sold the Russian bank and investment company to a senior executive for $140 million last year.
It was known what happened before Finished Independent verification by Freedom Holding.
Previously in Kazakhstan prohibited Transfers from Mir cards.