Southern district court of new York resumed its consideration of the claim for confiscation of the assets of the son of the Vice-President of Russian Railways Peter Katsyv Denis Katsyv.
American prosecutors said that part of the money which purchased the estate of Denis Katsyv in the United States, was stolen from the Russian budget. The prosecution bases its position on the head of the Fund Hermitage Capital of William Browder.
The case has dragged on for nearly 3.5 years and since the previous meeting was held about a year.
The defendant will submit a “reputable law firm” Quinn Emanuel Urquhart & Sullivan LLP, writes “Kommersant”. Among the defenders of Denis Katsyv, a former Federal Prosecutor Kevin Reid, as well as former assistant U.S. attorney in new York Adam Arenson and faith Gay.
William Browder, who was in Russia in absentia sentenced to nine years imprisonment for tax evasion, appears at the trial the prosecution’s main witness.
American prosecutors said that in the company of Denis Katsyv was developed part of the $ 230 million stolen from the Russian budget under the guise of VAT refund. According to the prosecution, the money was transferred through several companies and used to purchase the property for $ 13 million in Lower Manhattan.
Protection Denis Katsyv insists that the company, which, according to prosecutors, was used to withdraw money, was bought by them after the transfer. His lawyers say that the lawsuit is based solely on the words of Browder.
The representative of the defendant Natalia Veselnitskaya said that Browder specifically delays the hearing for fear that “losing in court, the impartiality of which he cannot doubt, will put an end to his career.” “We have a paradoxical situation: the defendant requires the beginning of the process, and the plaintiff all the forces running from this,” said Veselnitskaya.
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