Oleg Fleganov undergoes bankruptcy proceedings

Sverdlovsk Region Arbitration Court ruled that founder of Omega Group Holding Oleg Fleganov should undergo bankruptcy proceedings.

The businessman agreed to the necessity of declaring himself insolvent,’ the court’s press officer informed UrBC.

The application asking to declare Mr. Fleganov bankrupt was placed with the court by Yekaterinburg Oktyabrsky District’s division of the Federal Tax Service of the Russian Federation on April 15, 2011. The applicant suggested that Vadim Permikin of Razvitiye Self-Regulatory Organization of Trustees in Bankruptcy should be chosen as the trustee in bankruptcy for the case.

The next court hearing regarding this insolvency case has been set for August 4, 2011.

Oleg Fleganov mainly owes money to Sberbank of Russia (the holding’s debt to the bank comes to over 1.3bn RUR).

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