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"Tsentrobuv" suspected of fraud
13.04.2016 5904

"Tsentrobuv" suspected of fraud

Management of the company “Tsentrobuv suspected of fictitious transactions and the withdrawal of funds provided under the credit line.

Gazprombank (GPB), one of the creditors of the Centrobuv chain of stores, appealed to the Ministry of Internal Affairs with a request to verify the legitimacy of the activities of the owners and management of the retailer, which was declared bankrupt at the end of March this year.

From the statement of GPB it follows that in 2013-2014 the bank entered into an agreement on the opening of a credit line with LLC "Centro" and JSC "Trading House" Centrobuv "to finance economic activities. To secure the return of funds, the borrowers provided the bank with guarantees for each other. But after the expiration of the repayment period this year, the companies formed a debt to GPB for 8,6 billion rubles.

According to Kommersant, GPB suspects the management of the Tsentrobuv chain of withdrawing funds, and counted 12 transactions, the legality of which is questionable. The bank's lawyer believes that the transactions could significantly affect the financial position of "Centro" and TD "Tsentrobuv", and entail "the inability of the borrowing companies to meet their credit obligations."
Earlier, the main applicants in the Centrobuv bankruptcy case were the Moscow Credit Bank and Sandorini, to which Centrobuv owed 4,09 million rubles.

According to GPB, Sberbank and VTB are also on the list of Centrobuvi's creditors. According to SPARK, long-term and short-term liabilities of Tsentrobuv Trading House JSC at the end of 2014 exceeded RUB 25 billion.

Founded in 1992, "Tsentrobuv" today has about 700 stores and is the largest shoe retail in Russia. According to SPARK-Interfax, 99,99% of Tsentrobuv Trading House JSC is owned by Cyprus-based Plazia Consulting Ltd, the main beneficiaries of which are Sergey Lomakin and Artem Khachatryan. The shareholders also include Leonid Makaron, Vladimir Levy, as well as the founders of the retailer Dmitry Svetlov and Anatoly Gurevich. LLC "Centro" (engaged in import and export) is also 99,99% owned by Plazia Consulting Ltd.

The management of the Tsentrobuv company is suspected of fictitious transactions and the withdrawal of funds provided under the credit ...
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