MIA closes Spain-initiated case against Russian billionaires allegedly linked to Izmaylovskaya gang
The case was closed for lack of evidence.
The Investigation Department of the Ministry of Internal Affairs of the Russian Federation has closed the criminal case instituted in 2009 by Spain against Oleg Deripaska and Iskander Makhmudov, Rosbalt reported citing its sources in law enforcement agencies.
Spanish authorities passed the case to Russia in 2011. Deripaska and Makhmudov had the status of accused persons in the case. The billionaires were suspected of having links with Izmaylovskaya gang and involvement in money laundering through a company named Vera Metallurgica.
Russian law enforcers repeatedly summoned Deripaska and Makhmudov for interrogation. In 2017, the Ministry of Internal Affairs decided to classify the case under the provisions granting exemption from criminal responsibility without rehabilitation. Both billionaires would be then considered law violators, which did not suit them, and the verdict was challenged. Under to the new resolution of the Ministry of Internal Affairs, the case was closed for lack of evidence.
Spain opened the criminal case in 2009 after they had detained the criminal boss Gennady Petrov. He was accused of money laundering. Search revealed Petrov had documents proving he had been laundering money through Vera Metallurgica, a company owned by the Uralskaya Gorno-Metallurgicheskaya Kompaniya (Ural Mining and Metallurgical Company, UGMK). According to the investigation, it was Deripaska and Makhmudov who ran UGMK back then, although the billionaires claimed they had nothing to do with either UGMK or Vera Metallurgica.