A Russian Arbitration Court has canceled the protective measures imposed on Freedom Holding Corp. CEO Timur Turlov in connection with the bankruptcy case of the «Association» bank. The news was reported by Frank Media, citing the court ruling.
Court decision and case participants
Along with Timur Turlov, the list of restricted individuals no longer includes A.V. Lordos, A.S. Voron, M.K. Minasyan, the company Marinrpereshnservisz, M.V. Kosyreva and O.A. Artemyeva. Meanwhile, the seizure of V.L. Makarevich’s assets, valued at 229.8 million rubles, remains in effect as part of a settlement agreement.
Earlier, Russia’s Deposit Insurance Agency (DIA) had filed claims...