SOK, IzhAvto managers charged with over 6.7 bln ruble assets withdrawal - Investigative Committee
MOSCOW. Feb 14 (Interfax) - The Russian Investigative Committee is conducting a preliminary investigation of a criminal case, in which IzhAvto and SOK managers are charged with malicious bankruptcy, the Russian Interior Ministry's Investigative Committee told Interfax.
Between 2008 and 2009 the SOK owner and the principal owner of IzhAvto, Yury Kachmazov, and a number of company managers withdrew more than 6.7 billion rubles in IzhAvto's liquid assets.
Other top managers who participated in withdrawing monetary funds, cars, shares and stakes in other companies included IzhAvto's Andrei Frolov and Yury Amelin, as well as the company's former general director Mikhail Dobyndo and Director for Economics and Finance Yevgeny Strakhov.
"As a result of these actions the IzhAvto open joint stock company was found bankrupt in March 2010 by the ruling of the Udmurtia Arbitration Court," the statement said.
The accused Kachmazov, Frolov, Amelin and Strakhov absconded and were put on a wanted list, it said.
"Currently, investigators are trying to establish whether the above individuals were involved in other crimes against IzhAvto," the Investigative Committee said.