On the eve of the New Year, the Basmanny Court of Moscow decided on the absentee arrest of large ones …

On the eve of the New Year, the Moscow Basmanny court decided on the absentee arrest of a large tycoon from India, the head of the Saraf Agencies Private Ltd (SAPL) SAPLAR SHROFF (SM Shroff) and his two sons (they bear the surname Saraf). According to the source, they are all accused of the case of one of the largest scams associated with the duty of India to the USSR of $ 1 billion.

In 2007, most of the major Russian media outlets came out with headlines: “Vnesheconombank will solve the problem of Indian duty.” The publications stated that in Delhi, as part of a visit to India, Vladimir Putin, an agreement was signed, which would solve the problem of Indian debt even from the USSR in the amount of $ 1 billion. On the Russian side it was signed by Vnesheconombank Chairman Vladimir Dmitriev and the general director of Technochem -Holding Leonid Bobkov, from India, the managing director of Saraf Agencies Private Ltvar M. Schroff. According to the agreement, India will transfer land to the USSR debt, on which the Titanium Products Products Private Ltd (TPPL) will build a Titanium Products for the production of titanium dioxide and other titanium products. The Federal Property Management Agency and the VEB transferred about $ 60 million to the project. However, all the money from the accounts of the joint venture was stolen, the lands intended for the plant were formed for the third firms (controlled by Schroff and sons), the factory itself did not appear, and the joint venture turned into a “dummy”.