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Several firms and Russia’s DIA demand $441 mln from Donstroy co-founder

10:52 08/08/2018

MOSCOW, August 8 (RAPSI) – Russia’s Deposit Insurance Agency (DIA) and several individuals and foreign companies have filed claims against co-founder of Donstroy company Maksim Blazhko seeking to include his 28 billion-ruble ($441 million) debt in the creditors’ list, the Moscow Commercial Court’s documents read.

Earlier, the DIA filed three claims worth over 600 million rubles ($9.4 million), which are to be reviewed on September 13. Also, the court will review a claim filed against Blazhko by Vnesheconombank seeking 11.3 billion rubles ($178 million).
On May 18, the court initiated a debt restructuring process against the co-founder of Donstroy.

In November 2018, the Moscow City Court overturned a ruling that put the businessman under house arrest. Blazhko is charged with abuse of office led to grave consequences.

According to media reports, in 2011, Shyuka company managed by Blazhko took $275 million credit from Sberbank and promised to transfer 80% of rent payments from the company’s trading center. However, Blazhko allegedly ordered to stop paying Sberbank and transfer money to other banks.

Donstroy is the Russian construction company founded in 1994 by Blazhko and Dmitry Zelenov.

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Several firms and Russia’s DIA demand $441 mln from Donstroy co-founder

10:52 08/08/2018 Russia’s Deposit Insurance Agency (DIA) and several individuals and foreign companies have filed claims against co-founder of Donstroy company Maksim Blazhko seeking to include his 28 billion-ruble ($441 million) debt in the creditors’ list.
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