THE "ALUMINUM KING" FROM VORONEZH WAS DECLARED INSOLVENT

The Voronezh Arbitration Court declared Leonid Arapov bankrupt. The beneficiary of the company "AVA-Trade", engaged in the production of aluminum, is currently accused of fraud and placed under house arrest. The report of Financial manager Maxim Mokshin is scheduled for February 6, 2024.

Bank Avangard, to which the businessman owed 2.5 million rubles, began to bankrupt Arapov. Then, Vyacheslav Falkovsky acquired the rights of claim from the bank. Gradually, the tax authorities and the Ava-Trade company joined the insolvency case of the "aluminum king", as the media call Arapov.

The court introduced the restructuring of Arapov's debts back in March 2023. A couple of months later, interim measures were imposed on Arapov's assets in the AL5 holding. Arapov owns 4.55% there personally. Another 45.5% is assigned to the company owned by him, AL5 Holding.

AL5 Holding is the owner of an aluminum plant in Voronezh, which previously belonged to the Arapov family. In 2014, Moscow businessmen Sergey Solodov and Roman Buzdalin showed interest in the company. In 2016, a holding company was created, which included the Solodov family (Evgeny and his son Sergey). Since March 2017, the holding has become the sole owner of the AVA-Trade aluminum plant.

Earlier, the plant, in which Arapov was CEO until April 2022, demanded 362.1 million rubles from him. In the spring of 2023, two verdicts were issued. About 26.7 million rubles were recovered from Arapov in favor of AVA-Trade. The company plans to demand more than 0.5 billion from the co-owner.

The investigating authorities insist that the businessman squandered the company's money by paying for his family's travel and air travel. However, experts believe that there is a corporate conflict in which accusations of embezzlement for the period from 2019 to 2022 are one of the grounds for Arapov's spoiled relations with business partners.

In April last year, Evgeny Solodov, who formerly owned the A5 pharmacy chain, became the head of AVA-Trade. Currently, the 45.5% stake in the company "AVA-Trade" is assigned to the firm "AL5 Invest", co-owned by Solodov. Now the holding includes enterprises in Voronezh, Rostov region and other regions. In 2021, the company's profit reached 115.8 million with revenue of 8.25 billion rubles.

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