Court not to impound apartments of businessman Telman Ismailov
BM-Bank requires that businessman pay 17.3 billion rubles ($304 million).
The Arbitration Court of the Moscow region has rejected the application for interim measures in the form of seizure of two 300-square-meter apartments on Kutuzovsky Avenue, owned by businessman Telman Ismailov. This is reported by RAPSI. The corresponding application had been filed earlier by the debtor’s Financial Manager Valery Kubelun.
The court justified its decision by the fact that the applicant had not provided the proper evidence proving that the failure to take the abovementioned interim measures may hinder or make impossible the execution of a judicial act, or cause significant damage to the applicant.
March 9 this year, the same court found the former owner of the Cherkizovsky market bankrupt and began the procedure for selling his property. The prosecure’s results will be summed up on September 6.
A year ago, the arbitration court imposed a debt restructuring on Ismailov on the application of BM-Bank (former Bank of Moscow), which is currently part of VTB group. Back then, the court also included the bank’s claim in the amount of 17.3 billion rubles ($304 million) in the register of creditors.
Earlier, Ismailov acted as a guarantor under the bank’s loan agreements with a number of companies, in particular, with RusLine 2000 LLC.
During the administration of Mayor Yury Luzhkov, Telman Ismailov was one of Moscow's most influential businessmen. Apart from the Cherkizovsky market, his company AST ran hotel, restaurant, construction, and jewelry business; it was also engaged in passenger transportation and owned about 3 thousand hectares in the Moscow suburbs. But in 2008, law enforcement bodies found containers with counterfeit products worth $2 billion on the Cherkizovsky market. The market was soon closed down, and Ismailov moved to Turkey, where in 2009 he built a luxurious 5-star hotel Mardan Palace, investing $1.4 billion in this business project. However, in 2015, he had to sell it to the Turkish Halkbank for $123 million due to debts.
As recently reported by the CrimeRussia citing its sources, the former owner of ‘Cherkizon’ may become a defendant in the case of murder of the Koptevskaya OCG members. The first department of the Investigative Committee of the Moscow region is investigating into the criminal case of murders, which involve members of Telman Ismailov’s family. One of his brothers is already accused; his other brother Vagif has been declared wanted. The degree of Telman’s guilt is currently being established. The eight murders were committed in the period from 2000 to 2016 due to the market redistribution in the capital.
The special services believe that Russian Interior Ministry officials could have cooperated with the press to sell passport applications and border-crossing data of the two men suspected of poisoning the Skripals in Salisbury.