May 10, 2022 — Dmitry Mazepin and his company have until October to file their defence to a legal action here over an alleged €2 billion “corporate raiding” scheme to take over ToAZ.
The core claim in the Irish proceedings, yet to go to a full hearing, is that Mr Mazepin, his United Chemical Company Uralchem (UCCU) and a number of other defendants are the central figures behind a “corporate raiding” campaign dating back some 15 years, which involved alleged intimidation, fraud and corruption aimed at getting control of fertiliser giant TogliattiAzot (ToAZ) from its majority shareholders.
The plaintiffs – Trafalgar Developments, Instantania Holdings, Kamara and Bairiki Inc – claim they were subjected to part of an internationally recognised phenomenon known as “raider attacks”, involving a so-called raider acquiring a minority shareholding in a target company before taking allegedly illegal steps to ultimately wrest control of it.
Click here to read the full article on the Irish Times.
