Russian President Vladimir Putin issued a decree transferring the shares of the Rolf group and its affiliated entities into the interim management of the Federal Property Management Agency. This development was reported by TASS.
The decree specifies that 660,759,610 shares of Rolf, held by the Cyprus offshore Delance Limited, and 15,198 shares of Rolf Motors are to be placed under the interim administration. In addition, all shares in the authorized capital of St. Petersburg-based Rolf Estate St. and Rolf Tech will also fall under interim management.
In September, Anatoly Kairo, a prisoner and head of the Rolf group’s business development department at Moscow Cheryomushkinsky Court, was sentenced to 8.5 years in a general regime penal colony on charges related to the withdrawal of nearly 4 billion rubles from Russia.
Earlier, at the end of June 2019, the Investigative Committee of Russia opened a criminal case against Sergei Petrov, the head of the Rolf car dealership; Tatyana Lukovetskaya, the former general director of the dealership; and Georgy Kafkalia, director of the Cypriot company Panabel Limited. Anatoly Kairo was also implicated. The three defendants were placed on the wanted list, with Petrov and Lukovetskaya arrested in absentia and Kairo under house arrest.
Investigators allege that Anatoly Kairo participated in a criminal scheme orchestrated by Petrov in 2014, under which 4 billion rubles earned through business activities were diverted to accounts controlled by a Cypriot company linked to Petrov.
The Rolf car dealership was established in 1991 and operates across sales, maintenance, lending, and insurance services for new and used automobiles, motorcycles, and related accessories.
Additional context notes that authorities were reviewing Russian assets and their management under presidential decrees related to state control and interim administration, with implications for corporate governance and asset protection.
This overview mirrors prior disclosures about the management of large regional business groups and the use of interim arrangements to secure assets amid pending investigations. The situation has been the subject of evolving official statements and ongoing legal proceedings, as noted by various agencies. [Source: TASS]