As it became known to Kommersant, before the completion of the criminal prosecution of the founder of the New Stream group and the former owner of the Antipinsky Oil Refinery Dmitry Mazurov in Russia, he was sentenced to 18 months in prison in the British Virgin Islands. The Supreme Court of the island state decided that Mr. Mazurov showed disrespect for justice, not disclosing to his creditors from VTB all their assets, on which they could collect in debt, amounting to € 69.6 million and 3.1 billion rubles.
According to his creditors, Dmitry Mazurov owes the VTB Commodities Trading Designated Activity Company trader € 69,627,957 on the basis of a guarantee agreement under English law. A well-known entrepreneur issued this guarantee several years ago to secure the obligations of the Antipinsky Oil Refinery. Due to the fact that the refinery did not fulfill its obligations under the prepayment agreements for future delivery, VTB Commodities turned to the guarantor Mazurov with a demand to pay the funds for the enterprise, which he did not do. After that, a subsidiary of VTB initiated proceedings in the London International Arbitration Court (LCIA), which on April 29, 2020 ruled to collect all debt from Dmitry Mazurov.
In support of the London arbitration, VTB Commodities applied to the Supreme Court of the British Virgin Islands for the worldwide seizure of Dmitry Mazurov's assets, which was upheld. According to the court's decision, Mr. Mazurov had to disclose information about his assets located in all countries of the world, the value of which exceeds $ 1,000, including bank accounts for this amount, as well as about the shares of companies in the authorized capital of which he is directly or indirectly participates regardless of their cost.
Despite the fact that more than ten months have passed since the issuance of the court order on the assets, Dmitry Mazurov has still not disclosed the information requested from him, in connection with which the Supreme Court of the island state sentenced him to imprisonment for 18 months by a decision of 28 September 2020 for disrespect for justice.
In addition, on January 29, 2020, with respect to Dmitry Mazurov, the Moscow Arbitration Court introduced a procedure for restructuring a citizen's debts, and on June 16, he was declared bankrupt and a procedure for selling the debtor's property was introduced against him.
Meanwhile, in addition to the debt to VTB Commodities, Dmitry Mazurov also owes PJSC VTB Bank 3,172,147,000 rubles. under suretyship agreements, which the entrepreneur entered into to secure the obligations of TK Property LLC to a financial institution under a loan agreement and a guarantee agreement.
Apart from VTB, the largest creditor of Mr. Mazurov is Sberbank, recognized as one of the injured parties in the businessman's criminal case. Recall that the criminal prosecution of the owner of "New Stream" the Investigation Department of the Ministry of Internal Affairs began on July 12 last year. Then he was arrested by the decision of the Tverskoy District Court of Moscow and placed in a special block of the Matrosskaya Tishina pre-trial detention center, where he was accused first of especially large-scale fraud (part 4 of article 159 of the Criminal Code), then of the same embezzlement (part 4 of article 160 of the Criminal Code) in connection with the theft of a $ 29 million loan from Sberbank, which was part of the Antipinsky Oil Refinery, which was part of New Stream, and the withdrawal from the enterprise of about half a billion rubles under an allegedly fictitious contract. At the final stage of the investigation, an episode of deliberate infliction of grievous bodily harm (part 3 of Article 111 of the Criminal Code) of the model Yulia Milstein appeared in the case, who allegedly tried to discredit the entrepreneur.
Mr. Mazurov himself denies any involvement in the theft or in the organization of the attack on the girl, who, according to the conclusions of independent experts of the defense, made from her posts on social networks, suffers from an "affective-delusional state with erotomanic delirium." The investigation into this case should be completed in early December, one month before the expiration of the maximum term for Mr Mazurov's arrest, which is 18 months. The defense of the entrepreneur was not aware of the decision of the Supreme Court of the British Virgin Islands. The lawyers believe that it will not in any way affect his persecution in Russia. However, after its completion, if Mr. Mazurov returns to business, including trying to do it abroad, his credit history in connection with the decision of the BVI court will be severely damaged and he will not be able to receive large loans or open accounts in leading banks. Moreover, the money from them in any case should be written off in favor of creditors.
“We welcome the decision of the Supreme Court of the British Virgin Islands regarding Dmitry Mazurov. We emphasize that VTB Bank will continue to seek full repayment of the debt of Mr. Mazurov in accordance with the current legislation, ”the press service of VTB noted.
According to his creditors, Dmitry Mazurov owes the VTB Commodities Trading Designated Activity Company trader € 69,627,957 on the basis of a guarantee agreement under English law. A well-known entrepreneur issued this guarantee several years ago to secure the obligations of the Antipinsky Oil Refinery. Due to the fact that the refinery did not fulfill its obligations under the prepayment agreements for future delivery, VTB Commodities turned to the guarantor Mazurov with a demand to pay the funds for the enterprise, which he did not do. After that, a subsidiary of VTB initiated proceedings in the London International Arbitration Court (LCIA), which on April 29, 2020 ruled to collect all debt from Dmitry Mazurov.
In support of the London arbitration, VTB Commodities applied to the Supreme Court of the British Virgin Islands for the worldwide seizure of Dmitry Mazurov's assets, which was upheld. According to the court's decision, Mr. Mazurov had to disclose information about his assets located in all countries of the world, the value of which exceeds $ 1,000, including bank accounts for this amount, as well as about the shares of companies in the authorized capital of which he is directly or indirectly participates regardless of their cost.
Despite the fact that more than ten months have passed since the issuance of the court order on the assets, Dmitry Mazurov has still not disclosed the information requested from him, in connection with which the Supreme Court of the island state sentenced him to imprisonment for 18 months by a decision of 28 September 2020 for disrespect for justice.
In addition, on January 29, 2020, with respect to Dmitry Mazurov, the Moscow Arbitration Court introduced a procedure for restructuring a citizen's debts, and on June 16, he was declared bankrupt and a procedure for selling the debtor's property was introduced against him.
Meanwhile, in addition to the debt to VTB Commodities, Dmitry Mazurov also owes PJSC VTB Bank 3,172,147,000 rubles. under suretyship agreements, which the entrepreneur entered into to secure the obligations of TK Property LLC to a financial institution under a loan agreement and a guarantee agreement.
Apart from VTB, the largest creditor of Mr. Mazurov is Sberbank, recognized as one of the injured parties in the businessman's criminal case. Recall that the criminal prosecution of the owner of "New Stream" the Investigation Department of the Ministry of Internal Affairs began on July 12 last year. Then he was arrested by the decision of the Tverskoy District Court of Moscow and placed in a special block of the Matrosskaya Tishina pre-trial detention center, where he was accused first of especially large-scale fraud (part 4 of article 159 of the Criminal Code), then of the same embezzlement (part 4 of article 160 of the Criminal Code) in connection with the theft of a $ 29 million loan from Sberbank, which was part of the Antipinsky Oil Refinery, which was part of New Stream, and the withdrawal from the enterprise of about half a billion rubles under an allegedly fictitious contract. At the final stage of the investigation, an episode of deliberate infliction of grievous bodily harm (part 3 of Article 111 of the Criminal Code) of the model Yulia Milstein appeared in the case, who allegedly tried to discredit the entrepreneur.
Mr. Mazurov himself denies any involvement in the theft or in the organization of the attack on the girl, who, according to the conclusions of independent experts of the defense, made from her posts on social networks, suffers from an "affective-delusional state with erotomanic delirium." The investigation into this case should be completed in early December, one month before the expiration of the maximum term for Mr Mazurov's arrest, which is 18 months. The defense of the entrepreneur was not aware of the decision of the Supreme Court of the British Virgin Islands. The lawyers believe that it will not in any way affect his persecution in Russia. However, after its completion, if Mr. Mazurov returns to business, including trying to do it abroad, his credit history in connection with the decision of the BVI court will be severely damaged and he will not be able to receive large loans or open accounts in leading banks. Moreover, the money from them in any case should be written off in favor of creditors.
“We welcome the decision of the Supreme Court of the British Virgin Islands regarding Dmitry Mazurov. We emphasize that VTB Bank will continue to seek full repayment of the debt of Mr. Mazurov in accordance with the current legislation, ”the press service of VTB noted.
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