Telman Ismailov's company declared bankrupt

Telman Ismailov's company declared bankrupt

The Prague-AST company owes more than 19.9 billion rubles⁠.

The Arbitrazh Court declared the Prague-AST company, which owns the Prague restaurant in Moscow, bankrupt, and is a part of former owner of Cherkizovsky market Telman Ismailov’s AST group of companies. RIA Novosti reported this.

By the court's decision, the company initiated bankruptcy proceedings for a period of six months. The bankruptcy trustee will be Pavel Lesnikov, who previously held the position of temporary manager in the company. Lesnikov will have to report on the course of bankruptcy on March 20, 2018.

The Moscow Arbitrazh introduced the monitoring procedure in Prague-AST in April of this year. The reason was the statement of BM-Bank, which is part of VTB Group. According to the bank, the court included a debt of more than 19.9 billion rubles ($341m) in the creditor's register.

This is not the first process initiated by VTB Bank management towards Ismailov and his Cherkizovsky market former partners. At the end of 2015, the total amount of claims against a businessman amounted to more than 160 million rubles ($2.7m). In March 2017, Ismailov was declared bankrupt upom the VTB suit, which the bank filed in August 2016. The businessman owes the credit organization 17.4 billion rubles ($298m).

In September, it became known about the searches that took place at 12 addresses connected with Telman Ismailov. It was reported that they could be related to the criminal case of eight contract killings, the figurants of which are the brothers of the businessman Rafik and Vagif. Rafik Ismailov is prosecuted in this case, and Vagif is wanted. To the businessman himself, however, law enforcement officers did not have any questions after the searches.



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