Ismailov’s mall in Las Vegas seized for debts to Bank of Moscow

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Ismailov’s mall in Las Vegas seized for debts to Bank of Moscow
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A shopping center in Las Vegas owned by a Russian businessman Telman Ismailov was seized by court at the suit of the Bank of Moscow (incorporated in VTB group), Kommersant reports on Friday.




According to the newspaper, Mr. Ismailov has ceased to service loans in Russia in the amount of 19 billion rubles. Vesto Trading Limited, like Telman Ismailov himself, was a guarantor for loans, which the Bank of Moscow provided to Rusline 2000 and the Dutch company Tropicano Finance B. V. from September 2012 to February 2014.

A total of over $230 million in three loans has been received by these companies incorporated in AST Group of Telman Ismailov, that have been gradually ceased to be served. Now, given the fines and penalties, Mr. Ismailov owes to the lender more than 19 billion rubles.



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