Putin signed a decree on the transfer to Rosatom of the FESCO shares seized from the Magomedovs
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Russian President Vladimir Putin signed a decree on the transfer of shares of PJSC Far Eastern Shipping Company (FESCO; parent company FESCO) to the state corporation Rosatom as a property contribution. The document was published on the official Internet portal legal information.
“The FESCO Transport Group is not authorized to comment on administrative acts of government bodies. FESCO operates as before, confidently fulfilling its tasks,” the FESCO press service said, as reported by Interfax.
On January 11, the Khamovnichesky Court of Moscow converted FESCO shares into state income following a claim by the Prosecutor General’s Office of the Russian Federation against the founder of the Summa group of companies, Zayavudin Magomedov, his brother Magomed Magomedov and several individuals and legal entities. In May, Moscow City Court left The decision of the first instance is unchanged.
On December 1, 2022, the Meshchansky Court of Moscow sentenced the brothers Ziyavudin and Magomed Magomedov to 19 and 18 years in prison and imposed a fine of 2.5 million rubles. They were found guilty of creating an organized criminal community (Part 1 of Article 210 of the Criminal Code of the Russian Federation), especially large-scale fraud (Part 4 of Article 159 of the Criminal Code of the Russian Federation) and embezzlement (Part 4 of Article 160 of the Criminal Code of the Russian Federation).
Read more in the publication “Kommersant” “The shares were awarded a confession”.
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