Moscow Court upholds Magomedov brothers’ detention in $40 mln embezzlement case
MOSCOW, July 30 (RAPSI) – The Moscow City Court on Tuesday upheld detention of the Magomedov brothers involved in a case over embezzlement of 2.5 billion rubles (about $40 million) and criminal group creation until September 30, RAPSI learnt from the court’s press service.
Their alleged accomplice, businessman Arthur Maksidov will also stay detained for the same term.
Summa Group owner Ziyavudin Magomedov, his brother Magomed are charged with creation of a criminal group, embezzlement of 2.5 billion rubles from the state budget and withdrawal of some of these assets abroad, investigators claim. Magomed Magomedov is also accused of illegal weapon possession.
In November 2018, it was discovered that Ziyavudin Magomedov and his brother had been additionally charged with stealing 300 million rubles ($4.6 million) during the construction of a highway in South Siberia in September 2014.
The defendants have pleaded not guilty to the charges.
Moreover, according to investigators, French authorities have opened a tax evasion case against ex-wife of Ziyavudin Magomedov Olga, who owns several restaurants in France. No other details have been disclosed.