Oilman Dmitry Mazurov suspected of major fraud

Oilman Dmitry Mazurov suspected of major fraud
Dmitry Mazurov

Investigators asked for the custody of the ex-owner of Antipinsky Oil Refinery.

Dmitry Mazurov, the former owner of Antipinsky Oil Refinery, who was arrested in the case of $600m-embezzlement, is suspected of major fraud (part 4 of Art. 159 of the Criminal Code of the Russian Federation), RBC reports. Investigators ask the Tverskoy Court of Moscow to remand the businessman in custody.

A representative of Novy Potok, co-owned by the entrepreneur, told about Mazurov’s detention yesterday. The oilman was reportedly taken to the police from Sheremetyevo Airport, where he had come after a business trip abroad. According to sources, the entrepreneur has become a defendant in the criminal case of $600m-embezzlement of credit funds allocated for the construction of Antipinsky Oil Refinery.

The case was initiated at the request of the plant representatives. In mid-May, Sberbank became the owner of the company and by that time, the company Mazurov’s Novy Potok, which ran the Afipsky and Mariisky factories in addition to the Antipinsky Oil Refinery, owed $2.9 billion to Sberbank.

Tyumen’s Antipinsky Oil Refinery is the largest independent Russian plant with deep oil refining with a capacity of 9 million tons per year. The construction of the plant was completed in 2018. Mazurov developed it from the scratch, taking loans. According to RBC sources, the businessman also owed $500 million to MKB, Promsvyazbank and VTB.

Sberbank became the owner of the Cyprus-based Vikay Industrial Limited, which owns 80% of the plant. Earlier, Mazurov and a former colleague of the Moscow mayor, Vladimir Kalashnikov, co-owned the company. A few days after the ownership change, Antipinsky Oil Refinery filed for bankruptcy.

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