"Foreign Capital Could Bankrupt Russian Firms" - says FSB Chief
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"Foreign Capital Could Bankrupt Russian Firms" - says FSB Chief
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"Foreign Capital Could Bankrupt Russian Firms" - says FSB Chief
15 Jan 2006  printer version
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raiting (1/3) FSB Chief Says Foreign Capital Could Bankrupt Russian Firms Created: 20.12.2005 12:44 MSK (GMT +3), Updated: 12:44 MSK Foreign capital may be involved in attempts to bankrupt some of Russia’s strategic and defense enterprises, FSB Director Nikolai Patrushev said in an interview with the Izvestia daily. “Taking into consideration the scope of the activity of agencies specializing in ’contract’ bankruptcies, as well as the particular significance of their aims, we have grounds to believe such a scheme for the liquidation of enterprises and organizations in leading sectors of the Russian economy is stimulated, including with the help of foreign capital,” Patrushev stressed. He said that security services had revealed an attempt to liquidate a unique Omsk transport engineering plant, which can fully ensure capital repairs and modernization of the T-80 tanks the Russian Army has in its service. Patrushev said measures had been taken together with executive officials and creditors to prevent the bankruptcy of Omsktransmash. As a result “the Russian government has instructed interested bodies of executive power to take measures aimed at the restoration of production activity at that unique plant,” the FSB chief said. He also said that his agency has solved a case in which $5 million was demanded from shareholders of the Podolsk mechanical plant to stop bankruptcy proceedings against that major strategic enterprise. As a result of an operation carried out jointly with the Interior Ministry, the suspect in the extortion case was detained while receiving the first batch of the money and criminal proceedings were instituted. Investigators in the case obtained data on the involvement of representatives of a commercial agency linked to a number of ’feigned’ bankruptcy procedures against a number of strategic enterprises and organizations, he added. At a traditional meeting with media on Dec. 16, Patrushev also mentioned a criminal case opened against tax officials, “suspected of creating the conditions for an intentional bankruptcy of the stably-operating Tutayev motor plant,” one of Russia’s major producers of diesel engines. Source: Other articles in Business, Finance:  Readers' Comments
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