Russia opens criminal fraud case against former co-owner of retail chains Lenta and Rive Gauche
Dmitry Kostygin, the former co-owner of the Russian supermarket chain Lenta and the Rive Gauche chain, has been detained, the Russian business news outlet RBC and the St. Petersburg-based news outlet Fontanka reported, citing sources. On October 8, a Moscow court placed Kostygin under house arrest.
Former co-owner of Russian supermarket chains Lenta and Rive Gauche, Dmitry Kostygin, has been detained by Russian authorities, according to reports from business news outlets RBC and Fontanka. Kostygin was placed under house arrest on October 8 and is accused of concealing the true financial position of Yulmart, a company he co-owned, when he signed a 2017 contract with Berks for equipment and machinery.
Kostygin, along with co-owner August Meyer, was charged in a criminal fraud case in 2017, accused of misappropriating loans from Sberbank and VTB for business development, resulting in estimated damages of 3.14 billion rubles. Both Kostygin and Meyer received four and three year prison sentences, respectively, which were later exempted due to the statute of limitations expiring.
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