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Yuzhuralzoloto received almost a third of Petropavlovsk shares
The founder of JSC Yuzhuralzoloto GC, Konstantin Strukov, received a 29,19% stake in the gold mining company Petropavlovsk Plc. UGK transferred the entire package of securities to Strukov's possession.
As the NEDRADV, UGK in February last year acquired 28,34% in the capital of the mining company Petropavlovsk Plc from Aeon Mining Limited. In mid-2020, UGK, together with other large shareholders of Petropavlovsk, initiated the re-election of the company's board of directors, the removal of founder and CEO Pavel Maslovsky from office, as well as an independent investigation into transactions organized over the past three years under his leadership.
Maslovsky is accused of embezzlement. According to the investigation, the businessman, together with another suspect, stole the assets of the Pokrovsky Rudnik company, owned by Petropavlovsk, in the amount of more than 95 million rubles. The theft was allegedly carried out through transactions for the purchase and sale of real estate at an inflated value. The head of Petropavlovsk may face imprisonment for up to ten years or a fine of up to one million rubles.
Petropavlovsk Plc is a Russian gold mining company. The main assets are concentrated in the Amur Region, where four mining and hydrometallurgical plants operate - Pokrovsky Rudnik, Pioneer, Malomyr and Albyn.