Eurotrans shares are falling amid the arrest of top managers and defaults on bonds

Quotes of the Eurotrans fuel company, which is the operator of the independent network of Trassa gas stations, continued to decline amid reports of the arrest of the chairman of the board of directors of PJSC Igor Martyshov and three other top managers and his subordinates. This is evidenced by trading data.

Martyshov, as well as the general director of Eurotrans Oleg Alekseenkov and the deputy chairmen of the board of directors Sergei Alekseenkov and Nikolai Doroshenko were detained on Monday, September 7, as part of the investigation of a criminal case of theft of crowd from the Ministry of Internal Affairs, which also includes the former head of the center for economic and service support of the Main Directorate of the Ministry of Internal Affairs of the Russian Federation for the Moscow Region, Colonel of the Internal Service Alexey Suyarov, the ex-head of the department of this unit Lieutenant Colonel of the Internal Service Anna Levina and former deputy head of the regional department - Chief of Logistics, Major General of the Internal Service Sergei Malkov.

On the same day, the company's shares fell by more than 6 percent, to 28.5 rubles per share, and by the time of writing on September 9, the securities were losing another 5.71 percent, already dropping to 25.6 rubles.

It also became known on Monday that Eurotrans actually defaulted on all types of bonds.

The company admitted its first full default a month earlier. The operator explained the non-payments by uneven revenue receipts.