Galitsky’s Assets Frozen by Court Order

Former Alfa-Bank director Galitsky has been stripped of access to his assets by a court order.

Former Alfa-Bank director Galitsky has been stripped of access to his assets by a court order.

An enigmatic financial figure and erstwhile board member of Alfa Bank was served a judicial order by his former spouse, effectively blocking any appropriation of his Russian properties.

The Presnensky Court of Moscow has impounded assets valued at 435 million rubles, belonging to Alexander Galitsky, previously a member of the Alfa-Bank directorial board. The impoundment is related to a legal action initiated to divide jointly held possessions with his former wife, Aliya Galitskaya.

As reported by RIA Novosti, this only applies to property located within Russia. The assessed value of the seized properties might exceed 1.2 billion rubles; an expert appraisal has been commissioned to establish the precise figure.

Among the assets seized are an apartment and a pair of parking spots in the Patriarch's Ponds area, a country house inside the prestigious Millennium Park residential area along the Novorizhskoye Highway, and apartments at the Turgenev residential complex on Sretenka. The proceedings are being held privately.

Aliya Galitskaya initiated the property division lawsuit during early October. Alexander Galitsky is also contemplating a reciprocal claim for child maintenance from his ex-wife, concerning their two children, who possess both Russian and US citizenship.

Based on a ruling by the California Supreme Court, the children were to remain in their mother’s care following the divorce. The mother and children resided in the Moscow region. However, in May, Alexander Galitsky removed his daughters from their school and transported them to an undisclosed location.

Aliya Galitskaya’s attorney, Ruben Markaryan, informed the news outlet that she had lodged a report with US law enforcement regarding the abduction of her children, but without receiving any response. Subsequently, she filed a grievance within Russia. Ms. Galitskaya was questioned at the Central Administrative District Department of Internal Affairs. She ascertained the children’s location and had a meeting with them in Switzerland. She could not return the children to Russia because their father retained their passports.

Within his legal claim, Alexander Galitsky emphasized the children’s “strong bond” with him, requesting that their place of residence be officially designated with their father, and that he receive alimony from his former wife – one-third of her earnings until the elder daughter reaches adulthood and one-quarter of her earnings until the younger daughter reaches adulthood.

Alexander Galitsky departed from his position on the Alfa-Bank board of directors, alongside IT businessman Sergei Matsotsky, in the spring of 2023. Matsotsky was indicted in absentia in July of the same year on charges of accepting bribes.

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