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Moscow’s Tverskoy District Court, as part of proceedings against Alexander Galitsky and his fund Almaz Capital Partners, transferred not only the investor’s assets but also property belonging to “third parties” to state ownership. This was reported by Vedomosti and BFM .
In particular, the state took ownership of the car sales service CarPrice, as well as assets linked to Lanit group owner Filipp Gens and Aiteco co-owner Shamil Shakirov. In addition, the court recovered stakes in seven more companies registered to third parties.
According to the court’s position, these assets were used to finance Galitsky and his fund. As RBC previously reported, Galitsky’s fund participated in two CarPrice investment rounds in 2014–2015. As of the end of 2023, Galitsky was a member of the board of directors of CarPrice’s main legal entity, Selenikar LLC.
Galitsky’s lawyer Kira Koruma called the court’s decision unprecedented. According to her, her client had no connection to some of these companies and was not even acquainted with some of them.
The Bell writes that the decision to confiscate assets from third parties proved highly risky for the entire Russian business community. Not only companies that had invested in an “extremist community” were put at risk, but also those in which the “extremist organization” itself had invested.
This week, the court recognized businessman Alexander Galitsky and Almaz Capital as an “extremist association.” The investor was accused of financing Ukrainian arms companies with $50 million.