Support The Moscow Times!

Court Finds Seizure of Navalny Brothers' Assets Legal

The Moscow City Court on Wednesday ruled that the seizure of assets belonging to opposition politician Alexei Navalny and his brother, Oleg, in connection with an embezzlement case was legal.

Investigators in October accused the brothers defrauding a Russian branch of French cosmetics company Yves Rocher out of 26 million rubles ($778,000) and a cargo delivery firm out of 4 million rubles. They also face charges of laundering 21 million rubles, RIA Novosti reported.

A month later the Basmanny District Court confiscated assets worth 7 million rubles from Alexei Navalny as part of the investigation.

Alexei Navalny's lawyer Olga Mikhailova said Wednesday that the Basmanny District Court's decision was arbitrary as there was no proof that the money had been obtained by illegally.

She also said Wednesday that the court had not taken Alexei Navalny's two underage children into account when authorizing the seizure.

Oleg Navalny's lawyer challenged November's ruling on the grounds that his client is unemployed and has an underage child. His wife is also pregnant.

Neither Alexei nor Oleg Navalny attended the hearing.

Alexei Navalny, who finished second in September's mayoral elections, was sentenced to five years in prison after being convicted in July of stealing $500,000 from a regional timber company. The sentence was suspended in October, however, after Navalny's lawyers appealed the ruling.

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more