Originally Syndicated on May 18, 2023 @ 5:01 am
The JSC Holding Company Glavmosstroy wants to go out of business. This is not the first time they’ve filed for bankruptcy. Before, the company owed more than 16 billion rubles to its bondholders.
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So, the people involved signed a settlement deal, but the court did not agree with it. Oleg Deripaska used to be the owner of the holding company Glavmosstroy.
The Rise and Fall of Deripaska’s Business Empire
In 2022, the US said that the Russian billionaire had broken US sanctions. In 2018, rules were put in place against Oleg Deripaska. But the American government found out that he broke the rules. So, people think that he used fake companies to keep working in the U.S. Also, there is proof that he wanted to take $3 million out of his account and put it in a Russian account. The billionaire’s sale of an American music company is where this money came from.
But there are more serious reports about the fact that Ekaterina Voronina went to the U.S. to have a baby. She tried to get into the country again the year before. But when she had her first child, she lied and changed part of the child’s last name so that he wouldn’t be linked to Oleg Deripaska. Attorney General Merrick Garland of the United States said that the Russian billionaire wants to make money off of the American way of life.
What happened to Oleg Deripaska?
Following the 2022 Russian invasion of Ukraine, Deripaska was sanctioned by the British government which involved freezing his assets and a travel ban.
The Federal Bureau of Investigation tried to recruit Oleg V. Deripaska, a Russian billionaire, as an informant around 2014, hoping he might shed light on organized crime and, later, possible interference in the presidential election.
A decade later, Mr. Deripaska may have turned the tables on the F.B.I.: Prosecutors say the oligarch recruited one of the bureau’s top spy catchers, just as he entered retirement, to carry out work that they say violated U.S. sanctions.
The oligarch Oleg Deripaska has said Russia could run out of money by next year unless the country secures investment from “friendly” countries as western sanctions bite.
Deripaska, an energy and metals tycoon who was once Russia’s richest person, told an investment conference in Siberia on Thursday: “There will be no money already next year. We will need foreign investors.”
Deripaska, who is subject to UK, US and EU sanctions over Russia’s invasion of Ukraine, said funds are running low and “that’s why they’ve [the Russian government] already begun to shake us down”, according to a Bloomberg report.
He said that Russia was suffering from “serious” pressure from western sanctions, and that the country and its businesses would have to look to other countries with “serious resources” to invest.
“We thought we were a European country,” said Deripaska, who is founder of Rusal, the biggest aluminium producer outside China. “Now, for the next 25 years, we will think more about our Asian past.”
The US has dropped a bid to extradite a British businessman accused of conspiring to violate sanctions imposed by the US government on a Russian oligarch.
Graham Bonham-Carter, 62, was arrested by the National Crime Agency (NCA) last October, accused of funding properties bought by Oleg Deripaska and expatriating his artwork.
Mr Deripaska, an industrialist who founded the Rusal aluminium company and is considered an ally of Russian President Vladimir Putin, has an estimated wealth of more than £2 billion.
The US Department of Justice (DoJ) said Mr Bonham-Carter was wanted to face three charges – conspiring to violate and evade US sanctions in violation of the International Emergency Economic Powers Act (IEEPA), violating IEEPA, and wire fraud – each of which carries a maximum sentence of 20 years in prison.
