Opening industrial investments

History

2020: Payment of $873 million for the claim of VTB

On November 26, 2020 it became known of complete satisfaction with Arbitration court of Moscow of the claim of VTB to structure "Opening of holding" – Opening Industrial Investments companies. The last, according to court's decision, will have to pay the claimant $872.88 million, including $825 million a principal debt on the credit (other amount is percent and a penalty).

About the decision of capital Arbitration court wrote Vedomosti with reference to its card file. The newspaper reminds that VTB submitted a claim to "Opening to the industrial investments" at the end of June, 2020. In the document it is said that in 2017 structure "Opening of holding" took from VTB an acquisition loan at the Lukoil oil company of 100% of shares of the manufacture of diamonds of JSC AGD-Daymonds. The credit amount did not reveal, however as a result the enterprise ceased to service a debt.

VTB seized $873 million from "daughter" "Opening of holding" - "Opening the industrial investments"

The Federal Antimonopoly Service (FAS) submitted a claim for review of this transaction. It turned out that upon the purchase "AGD-Daymonds" Otkrytiye holding hid data on nationality of a number of shareholders from department. At data analysis of circumstances of FAS Russia the fact of violation of requirements of the law "About a Procedure of the Foreign Investments in the Business Entities Having a Strategic Importance for Ensuring Defense of the Country and Security of the State" was elicited. FULL FACE also noted that transaction amount was overestimated more than twice.

Besides, the transaction was carried out with violations of the law of Russia, consider FULL FACE what led to receiving by foreign investors control behind entering the list of the enterprises of a strategic importance for defense and security of country "AGD-Daymonds".

FULL FACE announced that in the course of sanitation of Otkrytiye bank, the Central Bank of the Russian Federation revealed the suspicious transaction "Opening of Holding" at the end of May, 2020.^[1]