Co-owner of Russian fast-food chain Teremok put on wanted list

Co-owner of Russian fast-food chain Teremok put on wanted list

A brother of oligarch Pavel Fuks is accused of Swindling on an Especially Large Scale.

Moscow police has put co-owner of the blinis fast-food chain Teremok, businessman-developer Roman Fuks, on the wanted list.

Fuks is accused of Swindling on an Especially Large Scale (part 4 of Art. 159 of the Russian Criminal Code) when building a house on Mytnaya street in Moscow, TASS reports.

The Tagansky court of Moscow reported that the investigation asks to arrest the businessman in absentia. “The court will consider the appeal of the investigation to elect arrest in absentia in respect of Roman Yakovlevich Fuks at 10:00 Moscow time on October 11,” court representatives said.

In 2008, Olter, which is part of MosCityGroup, owned by Roman's brother businessman Pavel Fuks, began construction of the Sky House housing complex on Mytnaya Street in Moscow. In late November, 2018, a criminal case was initiated against the developer. Participants in shared construction, who invested in the construction of the house, were recognized as victims. About 400 contracts were concluded to participate in shared construction of the residential complex.

The house was built, but was never commissioned. According to the investigation, the money of the interest holders was not used by Olter for the intended purpose, “which may indicate the misuse and withdrawal of funds from the construction site.”

Roman Fuks is a co-owner of a number of companies, including Teremok. He was also the founder of Olter in 2010-2013.

Pavel Fuchs is the founder of MosCityGroup, a former co-owner of Sovcombank and the Olimpiysky sports complex.

Tags: Moscow
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