Court orders seizure of Bashneft shares owned by AFK Sistema and Sistema Invest

The Moscow Arbitration Court, acting in response to a request from the Russian Prosecutor General's Office, has ordered that shares of the oil company Bashneft owned by AFK Sistema and Sistema Invest be seized, Prosecutor's Office spokesperson Marina Gridneva told Interfax.

The Moscow Arbitration Court, acting in response to a request from the Russian Prosecutor General's Office, has ordered that shares of the oil company Bashneft owned by AFK Sistema and Sistema Invest be seized, Prosecutor's Office spokesperson Marina Gridneva told Interfax.

"The Arbitration Court of Moscow ruled in favor of a request lodged by the Prosecutor General's Office of the Russian Federation. Interim measures have already been taken and the shares of the oil company Bashneft belonging to AFK Sistema and Sistema Invest have been seized," she said.

These measures were taken as part of a criminal inquiry opened into the illegal sale of Bashneft stock. Ex-head of Bashneft Ural Rakhimov, businessman Levon Airapetyan and AFK Sistema head Vladimir Yevtushenkov are now under investigation.

A source familiar with the situation told Interfax that official charges had already been brought against Rakhimov in absentia and he had been declared internationally wanted.

The launch of the investigation, which has been under way since April 2014, was announced in July, when Airapetyan was arrested.

On Thursday, the Moscow City Court ruled to leave Yevtushenkov under house arrest.

Read more: Moscow City Court upholds Yevtushenkov's house arrest>>>

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