Iset

History

2024

Nationalization of the plant

On September 10, 2024, the Leninsky District Court Yekaterinburg ruled on the nationalization of the Sverdlovsk Iset electric connection plant, transferring the enterprise to ownership. states The plant, previously owned by the former deputy, State Duma Malku Gaysin was confiscated as part of a lawsuit by the Prosecutor General's Office, Russia which accused Gaysin of violating anti-corruption laws. This decision is repeated: earlier in 2023, the court had already satisfied the requirements of the prosecutor's office, but Supreme Court of Russia canceled this decision and sent the case for reconsideration.

The Prosecutor General's Office claims that Malik Gaysin, owning shares in the Iset plant through structures controlled by him, continued to illegally manage the enterprise, despite his duties as a deputy. The lawsuit says that Malik Gaysin, becoming a deputy in 1996, left commercial organizations only formally, continuing to influence the management of the plant and make key decisions that, according to prosecutors, were corrupt in nature. As a result of these actions, Malik Gaysin received personal benefits, which contradicts the requirements of anti-corruption legislation.

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According to Kommersant, the Iset plant has long been an important element of defense production, fulfilling orders for the Russian Ministry of Defense. However, according to the prosecutor's office, under the leadership of Malika Gaysin, the enterprise faced financial problems, and the funds allocated for the fulfillment of the state defense order were used for personal purposes. The prosecutor's office also claims that the documents of the plant were moved to Gaysin's private office, where accounting was conducted under the protection of private security companies.^[1]

Transfer to the possession of Rostec

The President Russia Vladimir Putin signed a decree on the transfer of the "" To Rostec Ural plant of electric connectors "Iset" in the city of Kamensk-Uralsky. Sverdlovsk region The corresponding document was published on May 7, 2024.

It follows from it that Rostec receives about 65.6 thousand ordinary and about 28.6 thousand preferred shares of OJSC Zavod Iset. All the main activities of the plant are planned to be preserved. The transfer is scheduled to be completed within 12 months. The decree entered into force on the day of its signing.

source = Iset

As reported on the website of the Iset plant, by May 2024 the production capacity of the enterprise includes:

• instrumental production;
• shop for making contact pairs;
• mechanical stamping shop;
• galvanic shop;
• precision casting shop;
• plastic recycling shop;
• assembly shop.

Earlier, one of the owners of the Iset plant was businessman Malik Gaysin. By May 2024, he is under investigation, he was charged under three articles: under Part 1 of Art. 201 "Abuse of authority," part 4 of Art. 160 of the Criminal Code of the Russian Federation "Embezzlement on an especially large scale" and part 1 of Art. 160 of the Criminal Code "Assignment." According to the publication "Business Petersburg," according to law enforcement agencies, from 2018 to 2019. Gaysin issued loans to companies controlled by him totaling 22.8 million rubles, which caused damage to the Iset plant in the amount of 385 million rubles. At the suit of the Prosecutor General's Office, the Iset plant was withdrawn to the income of the Russian Federation, the case of Malika Gaysin by May 2024 is being considered by the Leninsky Court of Yekaterinburg.

According to the totality of the charges, Malika Gaysin faces up to 15 years in prison. The businessman denies guilt and claims that all loans have been returned to Iseti's accounts. In addition, according to the entrepreneur's lawyers, the company earned 59 million rubles as a result of financial operations of Malika Gaysin.

Decree of the President of the Russian Federation

Notes