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Procedure of sale of assets of ex-oil company manager extended for three months

17:51 26/05/2021

MOSCOW, May 26 (RAPSI) – The Tyumen Regional Commercial Court has extended a procedure of disposition of assets belonging to Fyodor Khoroshilov, former manager of the Tyumen branch of the Siberian Oil Company (Sibneft), until August 27, according to court records.

The court initiated the procedure in late February 2020. Earlier, in October 2019, the procedure of debt restructurization was set up.

A bankruptcy claim has been filed against Khoroshilov by VTB Pension Administrator company.

Criminal history of Khoroshilov

In July 2016, the Tagansky District Court of Moscow sentenced Khoroshilov to 7 years in prison for embezzling about 12 billion rubles ($187.5 million at then exchange rate) from VTB bank. His partner Gendrik Mundut received a 5-year suspended sentence. In December 2016, the Moscow City Court upheld the sentence.

Companies owned by Khoroshilov have reportedly obtained credits from VTB bank and its Cypriot subsidiary for field development since 2005.

In 1998-2002, Khoroshilov was manager of the Tyumen branch of the Siberian Oil Company (Sibneft) and had an oilfield development license for three fields in West Siberia where he planned to start drilling. In 2008, Khoroshilov stopped servicing the loan. In June 2009, VTB began filing claims against Khoroshilov with the High Court of London the total value of which eventually reached $800 million.

According to investigation, in 2006, Khoroshilov and Mundut, by acting together, used their authority to steal about 12 billion rubles belonging to the VTB bank by providing misleading information.


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Procedure of sale of assets of ex-oil company manager extended for three months

17:51 26/05/2021 The Tyumen Regional Commercial Court has extended a procedure of disposition of assets belonging to Fyodor Khoroshilov, former manager of the Tyumen branch of the Siberian Oil Company (Sibneft), until August 27.
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