Court arrests 100% of RussNeft shares


Moscow’s Lefortovsky District Court upheld a request for the arrest of 100% of the oil company RussNeft.

The Interior Ministry’s Investigation Committee earlier asked Moscow’s Tverskoi District Court to arrest the company’s shares as part of the investigation into criminal offences committed by its CEO Mikhail Gutseriyev who had been charged with illegal entrepreneurship and evasion of corporate taxes. However the Tverskoi District Court transferred the Investigation Committee’s request to the Lefortovsky District Court located in the same area where the company is conducting its business.

„The court looked into a request from the Interior Ministry’s committee of investigation for arresting the securities of the oil company RussNeft and rejected the motion,” the chief of the Moscow City Court’s press-service, Anna Usacheva, informed. „On July 31, the Lefortovsky District Court upheld the request for the arrest of 100% of shares of the company,” the Investigation Committee press service said.

On February 12, Gutseriyev faced criminal charges for gross tax evasion by a legal entity. He has been repeatedly questioned in the capacity of a witness. At the end of July, the RussNeft’s Board of Directors accepted his resignation. „Mikhail Gutseriyev is suspending his business activity and quits all business projects in order to dedicate himself entirely to research activity in the territory of the Russian Federation,” the company’s press-service said in a statement.

RussNeft also confirmed that some entities affiliated with the Oleg Deripaska-controlled company Base Element on July 27 submitted a request for purchasing the controlling stake in RussNeft to the Federal Antimonopoly Service (FAS). Under the applicable legislation, FAS is expected to pronounce its verdict within a month. In the meantime, the company and its divisions have continued normal operation. (petrolplaza)

Zwack Profit Falls 16% Figures

Zwack Profit Falls 16%

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.