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Court rules that alleged mastermind of Crimean blockade owes $3.7 mln to bank

11:26 05/12/2016

MOSCOW, December 5 (RAPSI) – The Moscow Commercial Court has ruled that Lenur Islyamov, an alleged organizer of the food blockade of Crimea, owes Eurocredit Bank 234 million rubles ($3.7 million), RAPSI learnt in the court on Monday.

Islyamov was declared bankrupt on July 18.

On March 16, the court introduced a procedure for restructuring of Islyamov’s debt upon the application of Sberbank of Russia. According to the bank’s representative, the businessman’s debt under two loans is estimated at 1.1 billion rubles ($17.4 million). Islyamov was a loan guarantor for the Queen Group Company that received these credits. The company later has been declared bankrupt.

Islyamov owns TV company ATR, transportation company SimCityTrans, and retail chain ICom selling Apple products. 

In June, the Commercial Court of Crimea suspended operations of SimCityTrans for 90 days on the grounds that the company committed a serious administrative offence with regard to licensing regulations.

In May 2014, Islyamov, who at that time was Deputy Chairman of the Crimean Council of Ministers responsible for repatriates, water provision and utilities, was dismissed as failing to cope with these responsibilities.

The Crimean investigators launched a probe into Islyamov and in November 2015 raided the offices of companies he controlled on the peninsula.

Earlier, Crimea's Prosecutor’s Office informed that two men (Mustafa Dzhemilev and Refat Chubarov) behind the peninsula blockade had been put on the international and one (Lenur Islyamov) on the federal wanted lists.

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Court rules that alleged mastermind of Crimean blockade owes $3.7 mln to bank

11:26 05/12/2016 The Moscow Commercial Court has ruled that Lenur Islyamov, an alleged organizer of the food blockade of Crimea, owes Eurocredit Bank 234 million rubles ($3.7 million).
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