ToAz ex-senior executives accused of creating criminal group
Moscow Basmanny Court has already arrested Alexander Popov, Chairman of the Board of Tolyattikhimbank, on charges of participation in a criminal group.
Former senior executives of TogliattiAzot (ToAZ) PJSC Vladimir and Sergey Makhlaevs and people associated with them were accused of Creation of a Criminal Community (part 3 of Art. 210 of the Criminal Code). According to Kommersant, the criminal case was initiated by one of the senior investigators for particularly important cases under the Chairperson of the Investigative Committee of Russia. The Investigative Committee believes financial operations in the interests of the criminal group members were carried out through Tolyattikhimbank. Basmanny Court of Moscow has already arrested the Chairman of the bank's Board Alexander Popov on charges of participation in the criminal community.
“The gang members placed the profits derived on deposits of offshore companies at this financial institution at high interest rates, purchased promissory notes of joint-stock bank Tolyattikhimbank with interest accrual in order to create an illusion of the legal origin of money,” says the message of Uralkhim received by RBC.
The new case against the former management of the plant is combined with a large investigation against the former leaders of ToAZ, which has been underway since 2012. According to the indictment the Prosecutor General's Office approved in late 2017, they are accused of embezzling ToAZ’s proceeds totaling about 85 billion rubles ($1.3 b). In addition, according to investigators, the company's ex-General Director Yevgeny Korolev is guilty of losing a number of assets, including a methanol production complex with a land plot sold for about 0.5 billion rubles ($7.6 m) less than the market price. All the accused in this case are on the international wanted list.