Moscow Court Seizes Moshkovich Family's 49% Ros Agro Stake Over Public Service Violations
Updated
Updated · Bloomberg · Jun 3
Moscow Court Seizes Moshkovich Family's 49% Ros Agro Stake Over Public Service Violations
1 articles · Updated · Bloomberg · Jun 3
Summary
A Moscow court last month ordered the seizure of Vadim Moshkovich’s family stake in Ros Agro, stripping them of 49% of the agricultural company.
Prosecutors said Moshkovich violated Russia’s ban on combining public service with business while serving in the upper chamber of parliament from 2006 to 2014, and used that position for illegal enrichment.
The ruling hit the fortune Moshkovich built over decades after moving from vodka distribution and apartment trading into commodities and founding Ros Agro.
The case underscores a broader climate of anxiety among Russia’s billionaires as President Vladimir Putin’s government intensifies asset seizures.