Friday, September 26, 2014

The Act Yevtushenkov: Russian state oil company Bashneft grabs – ABC Online

The Act Yevtushenkov: Russian state oil company Bashneft grabs – ABC Online

Friday , 26.09.2014, 14:11
info

Thank you for your rating!

0

After house arrest for the Russian billionaire Vladimir Yevtushenkov the judiciary is now also against his conglomerate Sistema. A Moscow court ordered to confiscate shares of oil company Bashneft.

Five years after the sale of the oil company Bashneft, the Russian state wants of the charges of money laundering defendants oligarch Vladimir Yevtushenkov the return the company force. The privatization was then passed under serious violations of the law, said the spokeswoman for the Prosecutor General’s Office, Marina Gridnewa, on Friday in Moscow. The Bashneft shares were therefore now locked in the interests of the Russian state.

Bashneft among Jewtuschenkows conglomerate AFK Sistema. Target of legal proceedings either to return the shares to the original owner Gridnewa said.



billionaire under house arrest

The billionaire Yevtushenkov, one of the richest men in Russia, is under house arrest. The Moscow Arbitration Court to October 9, rule on the application of the Attorney General to return the shares.

Taking Responsibility in the method must next Yevtushenkov former Bashneft CEO Ural Rakhimov, who is wanted by international arrest warrant, and Another imprisoned entrepreneur. The proceeding had been opened in April.



investors sell their shares

The shares of Sistema dropped by up to 23 percent and were with 16.52 rubles as cheap as most recently in October 2009 Bashneft dropped by eleven percent to a record low of 1,182.30 rubles.

“The case Yevtushenkov is the stock market continue to provide bad mood,” analyst Anastasia Sosnowa wrote of the Rossiysky Capital Bank in a comment. “Market participants see a so-called ‘political element’ in this case. This undermines the will to invest in Russian values.”

info

Thank you for your rating!

0

‘+’ ‘+’

LikeTweet

No comments:

Post a Comment