Russia’s Prosecutor General’s Office sues to seize assets of agribusiness giant Rusagro founder, worth $2.9 billion
Russia’s Prosecutor General’s Office has filed a lawsuit in a Moscow court to seize the assets of Vadim Moshkovich, founder of Rusagro, the Russian business news outlet RBC reported, citing the case file.
Named as defendants alongside Moshkovich are his wife, Natalya Bykovskaya; former Rusagro CEO Maxim Basov; Sergei Tribunsky, who served as Rusagro’s former investor relations head and previously ran the Razgulyai agricultural holding; and the limited liability companies Financial Resource and Production and Commercial Company Profit.
A hearing is scheduled for May 4. No details of the case have been disclosed.
Moshkovich and Basov were arrested on charges of fraud, abuse of authority, and bribery, following searches at Rusagro’s offices. Moshkovich was later hit with a new criminal case on bribery charges, in which former Tambov Region Deputy Governor Sergei Ivanov also became a defendant.
After Moshkovich’s arrest, Rusagro transferred a major asset — its stake in the Agro-Belogorie enterprise — into trust management by JSC Corporation Razvitie, which is owned by the Belgorod Region.
Since the start of the war with Ukraine, Russia has seen a sweeping redistribution of property, with authorities effectively nationalizing assets belonging to certain private foreign and domestic companies.
Moshkovich is the wealthiest Russian billionaire whose assets are being seized by the state as part of this campaign, the independent Russian investigative outlet Agentstvo notes. Forbes Russia estimates his net worth at $2.9 billion.
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