Norman Group CEO detained in St. Petersburg

Norman Group CEO detained in St. Petersburg
Vladimr Smirnov

His detention followed a five-day hunger strike of real estate investors.

St. Petersburg police detained the head of the Norman construction company, Vladimir Smirnov, reported with reference to shareholders who went on a hunger strike five days before the arrest of the top manager.

The owners of unfinished apartments demanded that Smirnov handed the construction over to the investor that the government had found. PTK LLC was supposed to become the new developer. Three complexes of the company: Normann, Three Oranges and On Zarechnaya, were recognized as problematic. However, the company director never signed the agreement on the transfer to the new investor claiming that he had found the money for the completion.

During the hunger strike, an ambulance came to a few of the interest holders.

Smirnov had been detained earlier, but released on a written undertaking not to leave the place. He was suspected of fraud on a large scale.



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