The Arbitration Court in Moscow has seized the villa of the former deputy general director of chemical corporation Phosagro, Evgeniy Novitsky, in Italy. RIA Novosti reports this.
The court confiscated Novitsky's assets abroad: the Casali di Paola villa and a plot of land in the Lazio region of Italy, as well as his residential building in London. Property was seized at the defendant's request. A former senior manager was arrested in June in connection with massive fraud. In July, he filed for bankruptcy and asked the court to prevent creditors from selling them by confiscating his overseas assets – he had mortgaged both the villa and the house.
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According to investigators, from 2018 to 2019, Novitsky and his business partners stole money from 6 non-state pension funds. It is believed that losses from that fraud exceeded 9 billion rubles, and the suspects' debt to creditors amounted to almost 12 billion rubles.
Previously, Russian billionaire Andrei Guryev filed for bankruptcy with the London Arbitration Court against another former senior director of Phosagro, Alexander Gorbachev. Guryev took this step after the London High Court rejected his request for Guryev to transfer a significant amount of shares in PhosAgro.
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