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Home Investigations

Dmitry Bosov’s widow became poorer by $2 million

Jane Soer by Jane Soer
17/09/2023
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Dmitry Bosov’s widow became poorer by $2 million
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Dmitry Bosov’s widow became poorer by $2 million

This money was sued from her by billionaire Pavel Te.

The Odintsovo City Court of the Moscow Region satisfied the claim of the Chairman of the Board of Directors of one of the largest Russian development companies Capital Group Pavel Tyo, recognizing that the widow of the founder of Sibanthracite, Dmitry Bosov, Katerina Bosova (in October 2022, the Ministry of Justice recognized her as a foreign agent) must repay him a debt of $2 million This is stated in the reasoning part of the decision, published on the court’s website.

Sibanthracite is the world leader in the production of high-quality anthracite UHG and the largest producer of metallurgical coal in Russia. In May 2020, its founder and main owner Dmitry Bosov committed suicide, after which the businessman’s widow took over a controlling stake in the company. But in October of the same year, Bosov’s parents and sons from previous marriages sued her and by February 2021 proved their rights to control in Sibanthracite, which they then sold to Albert Avdolyan’s A-Property for about $1 billion.

It was in the midst of trials with other heirs in November 2020 that Katerina Bosova borrowed $2 million in ruble equivalent from Tyo (then 154.4 million rubles at the Central Bank exchange rate) and entered into a written loan agreement, it follows from the court decision. She might need the money for legal expenses in a dispute over an inheritance, said a source close to one of the parties to the proceedings.

The loan was provided for approximately six months, until May 1, 2021, when Bosova had to return the money by non-cash payment in rubles at the Central Bank exchange rate on the date of return (May 1, 2021 – 149.7 million rubles). Her representative in court did not dispute the fact of concluding a loan agreement and providing funds under it. “However, the defendant did not fulfill the obligation; the funds were not returned within the period established by the agreement,” the document says.

The court decided that Bosova must return the entire loan amount to Cho – 149.7 million rubles. The head of the board of directors of Capital Group also demanded to pay accumulated interest in the amount of about 21 million rubles. But the court satisfied this requirement only partially and awarded an additional 12.5 million rubles, as well as 60 thousand rubles. expenses for paying state fees. The representative of the widow of the founder of Sibanthracite did not agree with the amount of interest claimed for collection and considered such demands to be unfounded and not based on the law, the court decision says. Bosova filed an appeal against the decision of the Odintsovo court, it has not yet been considered.

A Capital Group representative declined to comment. The media sent a request to the law office “Zhdanov, Koida, Rubalsky and Partners,” which represented Katerina Bosova in court with other heirs; it was not possible to contact her at the time of publication.

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Tags: A-PropertyAvdolyan AlbertBosov DmitryBosova Ekaterinaforeign agentsJSC SibanthracitelawsuitTe Pavel
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