Court arrested securities of Open Government ex-minister Abyzov

Court arrested securities of Open Government ex-minister Abyzov
Mikhail Abyzov Photo: RIA Novosti / Ramil Sitdikov

More than 1.6 thousand shares have been arrested.

On June 26, Preobrazhensky Court of Moscow arrested securities belonging to the ex-Minister of the Open Government, Mikhail Abyzov, who was accused of fraud worth 4 billion rubles ($63.4 m), RIA Novosti informs. In total, over 1.6 thousand shares have been arrested.

The court granted the petition of the investigator, who asked for the arrest of 1,667 shares of Industrial Technologies JSC belonging to Abyzov. The nominal value of each is 100 rubles ($1.5).

The lawyer of the ex-Minister, Sergey Drozda, noted that the shares were acquired in 2010. Abyzov is accused of crimes associated with events that began in 2011. Since only property acquired through crime is subject to arrest, the shares cannot be arrested, the lawyer concluded.

Alexey Kirsanov, another defender of Abyzov, pointed out that the petition cannot be considered because it was signed by “Lieutenant Colonel Sergey Stepanov,” whereas in fact Stepanov is a Major General.

The prosecutor responded by saying that he had no reason not to trust the document. “The petition was signed by the group leader Stepanov, perhaps this is a technical error, I do not see the need to postpone the trial,” he objected. The investigator sided with the prosecutor.

According to investigators, between 2011 and 2014, Mikhail Abyzov stole and withdrew abroad 4 billion rubles ($63.4 m) that belonged to Siberian Energy Company and the company Regional Electric Networks. The former Minister does not admit his guilt. All persons named in the case are charged with Participation in a Criminal Community (Art. 210 of the Criminal Code of the Russian Federation) and Swindling on an especially large scale (part 4 of Art. 159 of the Criminal Code of the Russian Federation).

Yesterday, Moscow City Court recognized the extension of Abyzov’s arrest until July 25 lawful. Earlier, the court overturned the decision to arrest 4.3 million rubles ($68.2 thousand) belonging to the ex-Minister, but upheld the decision to arrest 30 million rubles ($476 thousand) on the account of his son in Interprombank until August 25.

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