Russian court freezes assets of Rusagro billionaire founder Moshkovich, Ifx reports
Asset Freeze and Legal Proceedings Against Vadim Moshkovich
Background and Court Decision
MOSCOW, May 4 (Reuters) - A Russian court has frozen the assets of Vadim Moshkovich, the billionaire founder of leading agricultural producer Rusagro, who is accused of embezzlement, the Interfax news agency reported on Monday.
The court's decision concerned all the shares of Rusagro, owned by Moshkovich, Interfax quoted a source as saying.
Details of Asset Seizure
"A protective seizure has been imposed on the movable and immovable property of Moshkovich, as well as on 100% of the shares of several companies, including Rusagro," the source, familiar with the ruling, told Interfax.
The prosecutors had earlier asked the court to seize the Mozhkovich's assets.
Charges and Moshkovich's Response
Embezzlement Allegations
Moshkovich, a member of Russia's upper house of parliament between 2006 and 2014, was arrested in March 2025 and has been charged with embezzling 30 billion roubles ($400 million). He has pleaded not guilty.
Rusagro's Position and Company Overview
Ownership Changes
Moshkovich controlled about 57% of Rusagro but his share has been decreasing in recent years.
Business Operations
Company Resilience
Rusagro, Russia's biggest listed agriculture firm and a major producer of sugar, pork and oil and fat products, earlier said that it was operating normally despite its founder's arrest.
Reporting Credits
(Reporting by Reuters; Writing by Gleb Bryanski; Editing by Guy Faulconbridge, Kirsten Donovan)
