15 BILLION IN DEBT: EX-DEPUTY OF THE STATE DUMA OF WARSAW DECLARED BANKRUPT

A former deputy of the State Duma of the Russian Federation, who owned the Rostov Electrometallurgical Plant (REMZ) and was sentenced last year to seven years in prison, Vladimir Varshavsky became bankrupt. The amount of debt owed by the firms that the businessman personally managed exceeded 15 billion. Now Varshavsky's property will be sold at auction.

Varshavsky owes his bankruptcy to the Trust Bank, which initiated the lawsuit in 2021. The statement indicated the presence of a debt of 4.3 billion rubles, which were transferred from Promsvyazbank under loan agreements.

The first of them was concluded in 2013 by the company "Lomprom Rostov", which supplies scrap metal. The second credit line was opened for REMZ in 2016. Under both contracts, the entrepreneur was the guarantor. At the moment, both organizations are bankrupt.

After the bankruptcy process was initiated, other creditors also applied to arbitration. The largest claims were the claims of the Rosselkhoznadzor for 12 billion rubles. The basis for this was the project "Don Biotechnologies" ("Donbiotech"), which involves the construction of a plant for deep processing of grain in Volgodonsk. The construction was completed by 80%. Now the bank is forced to look for a new investor who is ready to finish work on the project.

Varshavsky himself received a sentence for tax offenses in 2019. He was accused of hiding the taxes of RAMZ in 2014, where he was CEO. Therefore, there is a possibility that the regional prosecutor's office will still appeal to Varshavsky with financial claims.

Previously, the application of the supervisory authority has already been submitted to the court of general jurisdiction. The prosecutor's office demanded compensation from the businessman for losses of almost half a billion that the state suffered due to non-payment of taxes. But the court recommended that the prosecutorial staff file a claim to arbitration in the framework of the defendant's bankruptcy.

Last fall, Varshavsky was sentenced to another 7 years for stealing 2.8 billion rubles from Petrokommerts Bank. The money was given as a loan to the Zlatoust Metallurgical Plant, for which the entrepreneur was the guarantor. According to the court verdict, Varshavsky had to pay 2.614 billion.

Photo: rus.team