Media Statement


We believe the decision by Mosgorsud on 5 August 2019 to extend the pre-trial detentions of Vagan Abgaryan and Ivan Zuzin to be completely baseless. The criminal case against them has no merit whatsoever and is simply intended as a means to apply undue pressure on them in connection with a commercial dispute.

This also demonstrates that the court simply ignored proposals to acquire the contested stake in IFTG. Mr Yusupov’s representatives continue their shameless abuse of the Russian legal system, using the arrest of innocent people to illegally seize ownership of the bank and to cover up their own theft.

We remain confident that justice will prevail, and the raiders will be punished accordingly.

For further information, please contact:

Denis Denisov



9 Lesnaya St., White Gardens Business Center, Building B,
6th Floor, 125196, Moscow

Tel.: +7 495  967 1307 | Email:


1 Royal Chambers, St Julian’s Avenue, Saint Peter Port, GY1 2НН, Guernsey

Tel.: +44 1481 736 947 | Email: