Court seized property of Chelyabinsk oligarch's nephew

Court seized property of Chelyabinsk oligarch's nephew
Yury Leyvikov

Almost 600 million rubles ($9 m) may be recovered from Yury Leyvikov for a deal unfavorable to the region.

The Arbitration Court of the Chelyabinsk region arrested the property of Yury Leyvikov, ex-Director of the South Ural Housing Development and Mortgage Corporation (YuU KZHSI), a nephew of businessman Mark Leyvikov, reports Ura.ru. The property was arrested in a lawsuit filed by the Corporation for the recovery of 585 million rubles ($8.8 m) from Leyvikov for a deal unfavorable to the region.

The court ordered the arrest of Leyvikov’s shares in the authorized capital of companies, as well as shares, vehicles and real estate owned by the oligarch’s nephew.

Leyvikov headed the corporation owned by the authorities of the Chelyabinsk region from March 2012 to December 2014. In 2013, he entered into a controversial deal on acquiring land for construction. After the regional government changed, the deal was declared unprofitable. The South Ural Housing Development and Mortgage Corporation and the Ministry of Property Relations of the Chelyabinsk region sued Leyvikov and all members of the supervisory board of the corporation.

The trial lasted almost two years. As a result, members of the supervisory board, including former and current officials of the regional government, were relieved of subsidiary liability.

The uncle of the former corporation director, Mark Leyvikov, is one of the largest businesspeople in the Chelyabinsk region. He currently resides in Austria.

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