The owner of Engelberg Industrial Group Dmitry Yakubovsky demanded a retraction of material published in the magazine Forbes November 1, 2016, reports “Kommersant”.

Recall that in the article on the VTB group, in particular, it was about the fact that VTB has invested 40% of the group’s non-core businesses. They all have a group of almost 600 billion rubles, with the total value of assets in 562 billion rubles. The main beneficiary from the deal is VTB real estate, Forbes named Jakubowski.

The article reported that the lawyer and owner of Swiss holding Engelberg Industrial Group three working on the project of building of elite cottages on the highway Rublev “Gorki-8″ – in 2007, he sold the project for $ 100 million, then in 2014, bought it for one ruble, and then sold to VTB 10% stake in his company “city Land group” in exchange for refusal of the Bank to demand repayment of the loan of 14 billion rubles.

However, according to Jakubowski, repurchase of the company on the transaction, which took place in 2007, it was not. The businessman also denies that he gave VTB 10% stake in his “Company SLG” in exchange for debts.

“The main shareholder of the company – JSC “Sistema-gals” has passed under control VTB, by mutual transactions between VTB and JSC “AFK System” in 2008-2009. In this way, the company came under the control of VTB, and no “got for debt,” says Jakubowski.

He said that in 2014 the authorized capital of the “Company SLG” has increased to 140 billion due to the contribution of JSC “gals-development”, which became a party by 9.97%. At that time, his company had over 8 thousand hectares of land for construction in the Moscow region, permits for the construction of two terminal and logistics centres (TLC) and housing construction with engineering support and community facilities with an area of 25 million sq. m.

In addition, the company had no payables, which was the reason for the ransom from the businessman’s control of the specified asset by the VTB group, which from April 2015 introduced in “SLG” all your management.

The fact that a year later, shares of SLG depreciated to 40 billion, and VTB has estimated 10% to 2.8 billion roubles, Jakubowski explains a possible market decline in the last 1.5 years.

Your answer and explanations Jakubowski asked the chief editor Nikolai Uskov Forbes to publish in the next issue of the magazine.

Jakubowski demanded that Forbes rebuttal material on losses of VTB 18.11.2016

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