Forbes has been ranking the most successful entrepreneurial dynasties for four years consequently. The cumulative wealth of the ten richest families of Russia over the past year has increased by $2 billion, up to $27 billion. In three of them, newcomers appeared who received shares in business.
Instead of the promised investments in their native Dagestan, the Magomedov oligarchs are mastering republican funds.
The companies of the Magomedov brothers came into the spotlight in another construction scandal with embezzlement, this time in the Kaliningrad region.
In the case of a bankrupt Podolsky Electromechanical Plant, a new turn has been made - the Russian Criminal Code officially recognized the fact of large-scale theft.
The group of the Magomedov brothers and RFPI can receive the entire state package of the United Grain Company (OZK).
At the Povarskaya Street in the Tai Tai restaurant was arrested the general director of LLC IDM-Format Yevgeny Feldman for extortion of 200 thousand dollars from the Summa Group, of which Ziyavudin Magomedov is the main owner.
According to Russian media, the head of the investment division of Rostec Corporation, Andrey Korobov, is supposedly leaving his post soon. He will be replaced by the head of the investment company A1, Alexander Vinokourov, who is married to the daughter of Russian Foreign Minister Sergey Lavrov, Katerina. And this is the main advantage of this investment banker.
The company chooses a buyer for Evraz NCSP.
While the well-known entrepreneur Ziyavudin Magomedov is trying to become a major investor in one of the largest projects of our time, the vacuum train Hyperloop, his Russian assets "Summa Telecom", as it turned out, has no means to pay the debt on the promissory notes in the amount of 3.7 million US dollars.
The attempt to pay high dividends stumbled upon covenants.
Debt of the Makhachkala port to Arolia Holdings, an affiliate of Suleiman Kerimov, has already reached 1.3 billion rubles.
Summa Group owned by a controversial businessman Ziyavudin Magomedov is offered to sell assets to pay off its debts.
Port of Makhachkala must pay off 156 million rubles of debt by court decision or face bankruptcy. This is probably an important episode in the battle for the port between the entities of Suleiman Kerimov and Ziyavudin Magomedov.
Many businessmen, including the co-owner of Summa Group, Ziyaudin Magomedov, consider martial arts as a profitable investment.
Ziyavudin Magomedov, co-owner of Summa Group, goes in for martial arts and hopes to do business on them: he became co-owner of the club and promotion company Eurasia Fight Nights. Will it be possible to make money on it?
The state could lose 10 billion rubles for the unfinished project of the Kyzyl-Kuragino railway, which was built by the company from the brothers Magomedov's group.
Why the change in leadership of Russian Railways will not make the natural monopoly "closer to the people"
Alexey Navalny sent a statement to the Russian Investigative Committee, the FSB and the US Justice Department, accusing the president's press secretary of receiving "bribes". Navalny's Anti-Corruption Fund argues that the businessman Ziyavudin Magomedov paid for Peskov's vacation on a yacht Maltese Falcon.
The Russian company has terminated the contract for the construction of an oil terminal in the Netherlands.
In the coming years almost 2 trillion rubles will be spent on roads in the Moscow region. Who would get the money?
CJSC SUIproekt, which received 12 billion rubles for the "project of the century" in Moscow, has not yet paid off its subcontractors.