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2022: Arrest in the case of embezzlement of BelkaCar shares for €47 million
At the end of August 2022, the Tverskoy Court of Moscow arrested in absentia the co-founder and executive director of the Swiss investment company Bryanston Group Fabian Kreuher. A German citizen on the wanted list is accused of fraud in the case of embezzlement of shares of the BelkaCar car-sharing service.
The top manager is charged with abuse of authority in a commercial or other organization, which entailed grave consequences (part 2 of article 201 of the Criminal Code of the Russian Federation). The sanction of the article provides for punishment for up to 10 years in prison. The investigation is being conducted by the main investigation department of the GUMVD in Moscow.
According to Kommersant, Kreuher became the third person involved in the criminal case of fraud with BelkaCar shares, as well as Brainston LLC. The first two, the investment director of the Swiss fund Winterberg Group Ilmar Azmukhanov and the Singular CIS general company Ralph Novak, were detained in February 2022 and arrested.
The investigation believes that businessmen are involved in the illegal sale of 52.47% of BelkaCar shares and the theft and sale of a controlling stake in the Russian LLC Brynston, estimating the total damage at 47 million euros, the newspaper writes.
The victims of both episodes are German investor Benedict Sobotka. The case was initiated on September 22, 2021. Kommersant claims that according to the plot of the case, Brynston managed Sobotka's Russian assets, and the investor himself at one time was also the holder of a controlling stake in BelkaCar, but then lost his shares and in this regard has been fighting for several years.
According to investigators, back in 2017, the defendants entered into a criminal conspiracy aimed at stealing securities from their owner. The attackers sold 35.5 thousand shares of the Cypriot offshore BelkaCar Ltd, which is the sole shareholder of the Russian JSC Carshering, the management company of the Russian BelkaCar.[1]
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