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Krasny Oktyabr Closed Joint-Stock Company controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2016

    Detention of Dmitry Gerasimenko over alleged VTB loan fraud

    Dmitry Gerasimenko was detained in Cyprus in connection with allegations that a $65 million VTB loan had been misappropriated. Gerasimenko disputed the allegations and made counterclaims concerning representatives associated with Uralvagonzavod and Rostec. The matter was reported in the context of Krasny Oktyabr’s ownership and debt crisis.

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