Russian Court Seizes Assets in $4.5M Bankruptcy Case After Tax Dispute
A Moscow court has ordered the seizure of assets from two businessmen, Viktor Momotov and Andrey Marchenko. The ruling follows a lengthy tax dispute and a bankruptcy case involving debts totalling over 389.5 million rubles. Marchenko’s legal challenges against the findings were rejected, leaving the court’s decision final.
The case centres on Andrey Marchenko, whose outstanding debts now exceed 389,534,460 rubles and 66 kopecks. A partial repayment slightly reduced the total, but additional unpaid obligations of 11,049,043 rubles were identified in October. These new debts were not part of the original claim.
Marchenko had contested the Federal Tax Service’s (FNS) audit results, arguing they were unjust. However, the Ostankinsky District Court dismissed his objections, upholding the audit as lawful. The judge’s decision confirmed the validity of the tax authority’s findings.
The businessman’s financial troubles are linked to the expansion of the Marton hotel chain, which allegedly involved illegal land acquisitions. Authorities claim municipal land plots were improperly seized during the project’s development.
A hearing to formally recognise Marchenko’s bankruptcy has now been delayed. The court rescheduled the proceedings for January 2026, extending the timeline for resolving the case.
With the asset seizure order in place, Marchenko’s remaining debts stand at nearly 400 million rubles. The postponed bankruptcy hearing means further legal steps will take place next year. The court’s rulings on both the tax dispute and asset forfeiture are now legally binding.
