On April 30, Andriasov notified about the preparation of the plant for bankruptcy, and on May 18, Antipinsky Oil Refinery filed a claim for its own bankruptcy. The day before, 80% of the plant, which controlled Mazurov and his partner, Sergei Sobyanin’s acquaintance Vladimir Kalashnikov, transferred to Sberbank. In early June, the plant’s major shareholder was a structure associated with the Azerbaijani state oil company Socar.
Andriasov’s actions became a “fictitious” basis “for gratuitously writing off” Mazurov’s shares in favor of Sberbank, the businessman writes. According to him, before the bankruptcy, Andriasov allegedly repeatedly reported on the solvency of the plant - in its financial statements and to auditors. Sberbank, according to Mazurov, initiated a criminal case in order to deprive him of his “right to defense and challenge illegal actions” and “eliminate”.
The charges of Sberbank in obtaining loans on the basis of false documents are groundless, Mazurov believes: Sberbank employees had access to all credit documentation and for six years controlled all refineries transactions. The businessman also denies embezzling the plant’s assets through deals at a lower price. From his testimony it becomes clear that, according to Sberbank, the Antipinsky Oil Refinery shipped oil products at a lower price to the trader New Stream Trading AG, which was part of the New Stream Mazurov. The businessman points out that the trader was selling oil products of the Antipinsky Oil Refinery in accordance with the terms of the loan agreement, "which registered, agreed and approved Sberbank." The conditions and rules established by this contract were not violated either by the Antipinsky Oil Refinery or by New Stream Trading AG, the businessman assures.
According to Mazurov, the new management of the plant began to dissolve “rumors about the embezzlement of funds” even before bankruptcy. At the same time, the independent auditors of Alvarez & Marsal, attracted by Sberbank, “carried out an inspection and did not confirm the facts of the withdrawal of funds,” Mazurov stresses.
The main reason for the bankruptcy of the refinery was "a significant shortage of working capital," the Sberbank representative said earlier in response to a request from Forbes. There was a cash gap, it was not possible to pay for the necessary oil supplies, and on April 26, the plant ceased production, the representative of Antipinsky Oil Refinery explained earlier. In such circumstances, the plant director "was obliged to publish a bankruptcy notice."
The refinery was in pre-bankruptcy state already in the summer of 2018, a source in the plant’s management says: “The company did not have turnover.” According to the interlocutor of Forbes, the company supported the loan, which at the end of 2018 issued Sberbank "in the hope that the plant will unwind." “But the hole was such that there was no chance,” he continues. Bankruptcy was not required to transfer shares in favor of Sberbank, the Forbes source said: allegedly Antipinsky Oil Refinery did not comply with covenants for a loan before and the state bank could take Mazurov's package "and so". The version that the trader Mazurov bought oil products at reduced prices - “live”, continues the source Forbes: “Price analysis shows that it is.”