Former business partner of Elena Baturina detained for fraud by almost $8.8m
The case concerns the sale of Alfa-Plast to Igor Vardanyan for 483.3 million rubles ($8.7m) in 2010.
Law enforcement agencies detained businessman Igor Vardanyan. He is suspected of fraud for 483.3 million rubles, according to REN TV. The former business partner of the ex-Mayor of Moscow Yuri Luzhkov’s wife was released after the interrogation under a written undertaking not to leave.
The reason for the arrest of the businessman was a series of arbitration proceedings. In November 2010, Elena Baturina sold her company Alfa-Plast, which manufactures plastic products, to Vardanyan's Sigma Capital LLC for 483.3 million rubles. Vardanyan acted as a guarantor under the agreement. However, the buyer did not pay for the asset, after which Baturina initiated legal proceedings against her former partner.
In March 2016, the Arbitrazh Court of Moscow found Igor Vardanyan bankrupt on the application of Elena Baturina and opened the procedure for selling his property for six months.
According to Margarita Vennberg, Ivan Rubin borrowed 40 thousand euros from businessman Vladimir Tyurenkov about a year ago. When Rubin delayed payments, Tyurenkov raised interest, and the amount of the debt increased to 70 thousand euros.