Partner of billionaire Iskander Makhmudov may receive another asset of the AFG National agricultural group
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Businessman Ivan Yuzefovich, partner of billionaire Iskander Makhmudov, may receive another major agricultural asset of AFG National. In November, his company Investcom filed nine lawsuits with the Moscow Arbitration Court for 3.1 billion rubles. to a number of companies that own the production facilities of the group in the Nizhny Novgorod region, follows from the file of arbitration cases. The defendants in this case are OOO Agrofirma Vesna, OOO Leto and OOO Elitagro. Their ultimate beneficiary is Dmitry Arzhanov, the largest owner of AFG National, who was arrested in November 2020 on charges of embezzling 5.5 billion rubles. from PJSC Rosseti Center and Volga Region.
AFG National was established in 2013 as a result of the merger of the largest rice producer AF-Group and the distributor of cereals Angstrem Group. The land fund of the agricultural holding is estimated at more than 180,000 hectares. It is engaged in the production of cereals and produces cereals under the brands National, Agrokultura, Prosto, and also grows and sells vegetables under the brands Natural Selection, Vegetable League.
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