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The Moscow Four Seasons Hotel has been turned into state property

Nov 13, 2024 14:21 172

The Moscow Four Seasons Hotel has been turned into state property  - 1

The Moscow Municipal Court has decided to turn the Four Seasons Hotel in Moscow, the Fashion Season shopping gallery into state property, RBC reported, citing to Pavel Hlustov, lawyer of the former co-owner of Ugra bank.

Bailiffs filed the case in April, a lawyer told the publication. According to him, the defense plans to appeal the decision.

Premises of the Fashion Season commercial gallery on Okhotny Ryad, 2, were filed on April 3. Referring to Rosreestr data, RBC clarifies that about 34,700 square meters were subject to the limited ownership of Forsy LLC. It follows from the company's report that it owns part of the building "operating as the Four Seasons Moscow Hotel".

In March 2024 The Zamoskvorets court sentenced Khotin to nine years in prison in the case of embezzlement of more than 23 billion. rubles. Three other defendants in the case were also found guilty of embezzlement on a particularly large scale. However, all defendants pleaded not guilty. Khotin filed an appeal against the court's verdict. In bank "Ugra" the license was revoked in 2017. The injured party is the Deposit Guarantee Agency.

You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE