Montenegro takes Telman Ismailov family’s casino
His son will have to pay for his father’s debts; a large casino has fallen under security measures.
Montenegro arrests assets of Alakbar Ismailov, the son of Telman Ismailov, the former owner of Cherkizovsky market. In particular, the case concerns the companies Sanata d.o.o., Montenegro Management Group d.o.o. (MMG) and shares in the company Casino Avala Budva d.o.o., which is the balance holder of the eponymous casino in the city of Budva. The right to Avala Casino was also limited. It is noted that Avala Casino of Alekper Ismailov is one of the most visited in Montenegro. It is located in the historical part of Budva, near the local beach.
Avala Casino in Montenegro
According to Kommersant, the court of general jurisdiction of the city of Podgorica granted the application of VTB lawyers. Claims against Alekper Ismailov concern the debts of his father Telman Ismailov. Several years ago, he received loans from BM Bank (owned by VTB) for a total amount of over $230 million. At the same time, Ismailov and the Cyprus company Tandum Ltd, which was under his control, acted as guarantors for the loans. Borrowers stopped servicing loans, owing the bank more than 15 billion rubles.
Recall Telman Ismailov, who moved with his family to Montenegro, was declared bankrupt in Russia. All its Russian real estate will be put up for auction in the near future: several apartments in the center of Moscow, a three-story house with an attic and a two-story mansion in the Moscow region, as well as a plot allocated for the construction of a golf club.
In November 2017, the businessman was charged with organizing two murders in Russia (part 2 of Article 105, part 3 of Article 222 of the Criminal Code of the Russian Federation), and then he was put into Interpol wanted list. In addition, Ismailov was charged with abducting singer Abraham Russo in 2004. According to the investigation, the reason was the financial conflict between them.