The court arrested the accounts of the Summa group companies

The Tver court on Monday arrested the accounts of some assets of the Summa group, Yekaterina Grishkovets, a representative of the group, told The Bell.

Details

• Grishkovets did not name the companies whose accounts were arrested. Ziyavudin Magomedov's lawyer Victoria Tsiryulik told The Bell that these are the companies mentioned in the criminal case.
• At the same time, Grishkovets denied information about the arrest of the accounts of the group itself. “The words of the lawyer were conveyed incorrectly,” Grishkovets specified.
• The fact that the court arrested Summa's accounts as part of a criminal case against its co-owner Ziyavudin Magomedov on fraud, embezzlement and the creation of a criminal community was previously reported by agencies (in particular, TASS and Interfax) with reference to Tsirulik's statement at a meeting of Tverskoy court of Moscow, where the issue of extending the measure of restraint for the defendants in the case was decided.

Context

• As The Bell previously wrote , in the criminal case involving the brothers Ziyavudin and Magomed Magomedov, there are 7 episodes, they mention the United Grain Company, Globalelectroservice (the contractor for the construction of the Vasileostrovskaya substation, the Neryungrinsky State District Power Plant and the Prizeiskaya- Elgaugol"), as well as the company "Inteks" (was a major subcontractor for the construction of football stadiums for the 2018 World Cup).
• In addition to shares in these assets, Summa owns 50% in the Cypriot Novoport (owns a controlling stake in the Novorossiysk Commercial Sea Port), 32.5% of the Far Eastern Shipping Company (Fesco), Stroynovatsiya, a road construction company.
• The accounts of NCSP, OZK and Fesco have not been arrested, their representatives told Vedomosti. The newspaper failed to get through to Stroynovatsiya and Inteks.
• On Monday, the court left the Magomedov brothers under arrest until August. They are accused of creating a criminal community, six episodes of particularly large theft and embezzlement. Magomed Magomedov is also charged with the illegal acquisition and possession of weapons. The former director of Inteks, Artur Maksidov, who was also kept in custody until August, was charged with creating a criminal community and one episode of fraud.
• In May, the court seized the brothers' bank accounts.

The arrest of accounts could greatly complicate the activities of one of the largest business empires in Russia. “The arrest of accounts means that the company cannot carry out any expenditure transactions. It is practically impossible to conduct business activities with arrested accounts for a long time, ”Alexey Panich, partner of Herbert Smith Freehills, tells Vedomosti

Svetlana Reiter, Vladimir Motorin