The court recovered 80 billion rubles worth of TGK-2 shares in favor of the state – Kommersant

A court decision on the recovery of 83% of the shares of Territorial Generating Company No. 2 (TGK-2) to the state in the amount of 80 billion rubles. came into force. These shares belonged to the companies of businessman and ex-senator Leonid Lebedev. On the entry into force of the court decision reported Rosfinmonitoring.

According to the investigation, the beneficial owner Leonid Lebedev illegally transferred the company’s assets abroad, which led to an increase in the energy company’s accounts payable. In addition, according to the investigation, the beneficiary acquired a business with corruption proceeds and was illegally involved in it while being a senator from 2002 to 2015.

The shares belonged to Kostroma Kogeneratsiya Limited, Janan Holdings Limited, Raltaka Enterprises Ltd., Litim Trading Limited, Kores Invest LLC and the subsidiary of TGK-2 Debt Agency.

During the court hearing, Leonid Lebedev’s lawyer saidthat in the event of the withdrawal of shares in favor of the state, Debt Agency and TGK-2 will suffer damage, since Debt Agency had a debt to TGK-2, which will become a loss in the amount of 3.5 billion rubles.

TGK-2 is one of the largest heat and power companies in the Northwestern and Central Federal Districts. Its enterprises are located in the Arkhangelsk, Vologda, Kostroma, Novgorod and Yaroslavl regions and in the city of Skopje (North Macedonia).

According to the Forbes ranking, in 2021 Leonid Lebedev was 162nd on the list of the richest businessmen in Russia. His fortune was estimated at $750 million.

As before wrote Kommersant, in addition to Leonid Lebedev’s confiscated share in TGK-2, the Prosecutor General’s Office is seizing packages of various strategic production assets in favor of the state, insisting that their privatization was carried out with violations. In the summer, the Prosecutor General’s Office demanded the return of shares from the owner of the Volzhsky Orgsintez chemical plant, privatized in 1993–1996. Market participants say that other chemical enterprises with the ability to produce defense products may also switch to the state’s favor.

More details in the material “The state is drawn to chemistry”.

Anastasia Larina