London court freezes assets of Mints and his family worth $572 million
The decision is related to the lawsuit filed by the Bank of Non-Core Assets and Otkritie.
The Higher Court of London banned businessman Boris Mints and his three sons to alienate property worth $572 million, RBC reports. The decision freezes assets for that amount. Chairman of the Board of the Bank of Non-Core Assets, Alexander Sokolov, told the edition that he was satisfied with the conclusion of the court.
The court’s decision is related to the claim of the Bank of Non-Core Assets and Otkritie for recovery of losses over $700 million. They suspected O1 Group, which Mints controlled, in fraudulent transactions concluded in the run-up to the reorganization of Otkritie Bank and Rost Bank. The latter have purchased the bonds of the group totaling 57 billion rubles. According to the plaintiffs, the terms of these bonds indicate their non-market nature and low liquidity. As for the money that Mints received, they went to repay the secured loans of the group in Otkritie and Rost Bank.
Mints and his family have been living in London for over a year now. He explained the move to the UK with a “tense situation.”
Otkritie, which is in the top 10 Russian banks, came under financial rehabilitation in August 2017. At the end of the procedure, the Central Bank became its owner. In July 2019, Otkritie filed a lawsuit for 289.5 billion rubles to its former owners.
In late June 2019, the management of Development Corporation Joint Stock Company established in 2012 on the basis of Industrial Urals–Polar Urals Open Joint Stock Company was changed. This infamous corporation was repeatedly involved in corruption scandals. Notorious oiler and millionaire Sergei Maslov was its General Director in 2013–2016. In fall 2016, Maslov was arrested for embezzlements – but somehow, the court acquitted him. Immediately after the acquittal, he relocated abroad. The CrimeRussia reviewed the main ‘failures’ of the ‘unsinkable’ corporation, shady schemes pulled off by Maslov and his partners, and connections of the oligarch who has made enormous money on governmental projects. Surprisingly, but the information presented below hasn’t attracted the attention of the law enforcement authorities yet.