Ex-billionaire Polonsky has nothing to pay for parking spaces

Sergei Polonsky, once one of the richest people in Russia, is now in debt. He doesn't even have anything to pay for parking.
Origin source
On November 10, the Tagansky District Court of Moscow began to consider the claim of the managing organization Service LLC against the former owner of the Mirax corporation, the ex-owner of the Federation Tower in Moscow City and the once billionaire Sergei Polonsky. The businessman owes the Criminal Code 713 thousand rubles for the maintenance of 12 parking spaces. Today the court requested clarifications and postponed the meeting.

Once Polonsky became famous for the phrase "who does not have a billion, they can go to hell." At that time, the oligarch could afford luxury real estate and a fleet of luxury cars such as sports cars Aston Martin and Porsche, not to mention different Mercedes. The Mirax Group was doing well and the future looked bright.

Before the 2008 crisis, he was considered one of the richest entrepreneurs in Russia, his Mirax Group was one of the three largest development companies in the country. The most notable project of this company is the Federation Tower skyscraper in the Moscow City complex.

In 2011, Forbes magazine recognized him as one of the most eccentric Russian businessmen, although at that moment Polonsky's affairs had already finally come to collapse. In the same year, he closed the Mirax company, which had existed since 1994 and was originally called Stroymontazh.

At that time, her debts reached $ 600 million. Commenting on the situation at his press conference, Polonsky then said: "From now on, I ask you not to consider me a businessman anymore."

Perhaps the last nail in the coffin of Polonsky's business was the Kutuzovskaya Milya residential complex, one of the most scandalous long-term construction projects in Moscow.

Back in the 2000s, the Avanta company, affiliated with the Mirax Group of Sergei Polonsky, together with the development company Federal Center for Social Development (FTSSR), undertook to build a residential complex. The partners planned to build 921,000 sq. m of housing for $ 1.6 billion.

The developer - FTSSR - managed to "raise" only a few buildings, but in 2008, due to the outbreak of the financial crisis, the construction of the "Mile" was suspended. Other construction contracts of Sergei Polonsky also suffered: in the USA, Switzerland, Montenegro, and in Russia the construction of the Federation Tower was frozen.

Polonsky's partners began to withdraw from projects - in particular, the FTSSR left the construction of the Kutuzovskaya Mile.

This led to lengthy legal proceedings, as well as to the criminal prosecution of the businessman himself, who was suspected of fraud. Then the investigation considered that the preliminary contracts for the sale and purchase of apartments in the quarter did not correspond to the project documentation, and the proceeds went, among other things, to other projects of the Mirax Group.

As a result of the conflict with the FTSSR, Polonsky first went on a hunger strike, and after the initiation of a criminal case against him, he left Russia and settled in Cambodia.

In 2013, the Investigative Committee of the Russian Federation accused Polonsky in absentia of fraud and embezzlement of 5.7 billion rubles from equity holders of the Kutuzovskaya Milya residential complex, after which the entrepreneur was put on the international wanted list.

In 2015, Russian law enforcement agencies managed to deport Polonsky to his homeland, and already in Russia, a court found him guilty in the embezzlement case and sentenced him to five years in prison. Nevertheless, the businessman was released right in the courtroom due to the expiration of the statute of limitations.

After that, the successes of Polonsky finally ended. He promised to return to the construction industry with a number of high-profile projects, but all of them, for various reasons, did not take place. In 2017, the support group of the former businessman even nominated Polonsky for the presidential election, but the CEC, which was expected due to his criminal record, refused to register the applicant.

Sergei Polonsky was born in Leningrad in 1972. In 1984, he and his family moved to Ukraine, to the city of Horlivka, where he graduated from high school No. 99 in 1989. He was drafted into the ranks of the Airborne Forces. In 1990-1992, he served in the 21st separate airborne assault brigade, stationed in Kutaisi. During the armed conflict between South Ossetia and Georgia, this brigade was deployed in the combat zone - in Tskhinvali.

Graduated from St. Petersburg State University of Architecture and Civil Engineering in 2000. He was qualified as an economist-manager with a degree in Economics and Management at a Construction Enterprise. In 2007 he defended his Ph.D. thesis on the topic "Formation of functional strategies for the material and technical supply of construction production."