The value of the arrested property of oligarch Mikhail Shelkov is 20 million hryvnias.
A Ukrainian court seized the assets of a business owned by Russian oligarch Mikhail Shelkov. This was reported by the press service of the Office of the Prosecutor General on Telegram on Wednesday, March 22.
“The court seized the assets of the business, the beneficial owner of which is a Russian oligarch – a shareholder and a member of the board of directors of a Russian company that is part of the Rostec corporation,” the report said.
It was noted that the value of the seized property was 20 million Hryvnia.
According to the investigation, officials of VSMPO Titan Ukraine LLC took actions aimed at hiding assets on its balance sheet by concluding fictitious sales contracts with one of the private enterprises.
The company Titan Ukraine leased from this business allegedly realizable property, which was later used in the company’s production activities.
The National Security and Defense Council of Ukraine imposed sanctions on the beneficial owner.
The message does not indicate the name of the Russian oligarch, but it is about Mikhail Shelkov.
Recall that VAKS earlier confiscated the shares of the sanctioned president of the Russian football club CSKA Evgeny Giner in the PIN bank.
Ukraine also nationalized the assets of the Ocean Plaza shopping center owned by Russian oligarch Arkady Rotenberg.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.