
The Second Court of Cassation upheld the verdict of former co-owners of Azbuka Vkusa Kirill Yakubovsky and Pavel Maslovsky
AI-generated summary
The defendants are accused of stealing funds from a Cypriot company and organizing a criminal community with the issuance of bad loans.
The Second Court of Cassation rejected the complaint of the former co-owner of Azbuka Vkusa, Kirill Yakubovsky, and the former co-founder of V.M.H.Y. Pavel Maslovsky on the verdict in the case of the theft of $126 million from the Cypriot investment company V.M.H.Y. Holdings Limited, the latter's lawyer Dmitry Lyakhovetsky told RIA Novosti.
In April 2025, the Presnensky Court of Moscow sentenced Yakubovsky to eight years in prison, Maslovsky received 13.5 years combined with the existing sentence, and businessman Svetlana Bezrukova received five years. The court found them guilty of stealing $126 million from the Cypriot investment company V.M.H.Y. Holdings Limited. Later, the Moscow City Court released all three from serving their sentences due to the expiration of the statute of limitations. However, they did not leave custody. Even on the day the verdict was announced in the courtroom, the defendants were given notice of the initiation of a new criminal case.
“The cassation court left the verdict unchanged and rejected all complaints,” the agency’s interlocutor said.
Meanwhile, the second criminal case regarding the loan scam is nearing its conclusion against the defendants.
There are six defendants in the dock: Yakubovsky, owner of the Asia-Pacific Bank Maslovsky, bank branch manager Tatyana Shablyko, shareholder of M2M Private Bank Andrey Novikov, acting chairman of the bank Inna Ivanova and entrepreneur Bezrukova.
According to investigators, in November 2011, Maslovsky created a criminal community in Moscow; the defendants issued bad loans to organizations controlled by their banks and stole more than 14 billion rubles.
During the debate between the parties, the state prosecutor asked the court to sentence Yakubovsky to 19 years in prison. Maslovsky was asked to serve 22 years, Novikova - 19 years, Bezrukova and Ivanova - 18 years each, Shablyko - 17 years in prison.
The defense will present its case on October 13.
AI outlook — possibilities, not facts
The defense will present its position on the second case on October 13.
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