The pasta manufacturer’s management company, M-Group Management Company LLC, became state property. Previously, in early May, a Chelyabinsk court confiscated pasta manufacturer Makfa’s assets as state revenue. The company’s assets were until now valued at approximately 46 billion rubles.
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The Moscow management company, which manages Makfa JSC, was transferred to the Federal Property Management Agency on May 16, 2024. This decision was made in accordance with the request of the Prosecutor General’s Office, which was heard by the Chelyabinsk court .
As Aram Grigoryan, a lawyer and partner at NSP, who previously participated in the case on behalf of Makfa, told Forbes, on the eve of May 16 there was a change of participants in the structures associated with the group. There have been no replacement group leaders yet.
“It is to be expected that in the near future representatives of the Federal Property Management Agency will visit the group companies and make decisions on the personal composition of the companies’ management bodies,” Grigoryan clarified.
Previously, on May 8, it became known that the Chelyabinsk Central District Court satisfied the demand of the Prosecutor General’s Office of the Russian Federation to confiscate the assets of the Makfa group of companies to obtain state revenue. The defendants were 33 other legal entities included in the group structure. For example, producers of bread and bakery products JSC First Bread Factory and JSC Smak.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
