"The Mikhailovsky GOK case"

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The Mikhailovsky GOK case is a case of a failed attempt to illegally arrest the shares of the Mikhailovsky Mining and Processing Plant (the second largest iron ore producer in Russia at that time), owned by Boris Ivanishvili. One of the most notorious Russian corporate scandals of the 2000s.

In the well-known video “Caste of the Untouchables”. Movie 4. The authors of the video try to present this case as an attempt to steal shares.

Economic situation at the time of the crime
At the beginning of the two thousandth worldwide consumption of metal has increased significantly, the growth of consumption per capita was 6%. In 2001-2007, world steel production increased by 500 million tons (by 60%). The key development factors, the efficiency of individual metallurgical cycles, and the price proportions of the market have changed. The growth of demand for steel has increased the demand for metallurgical raw materials (iron ore, scrap, pellets, coke). Due to infrastructural constraints, the supply of raw materials on the world market cannot quickly increase, and the development of new deposits is very expensive. For 2004-2006 on the international market prices for metallurgical raw materials increased 3 times.

In the Russian metallurgy, after the world, in 2004 began a powerful takeoff. Metallurgical companies, in order to reduce their costs for rapidly increasing raw materials, began to buy mining and processing plants. In 2005-2007, Kachkanarsky GOK and Stoilensky GOK, the fifth and third largest iron ore producers in Russia, were replaced by owners.

Developments
According to the owner of the Universal Bank of Savings Dmitry Klyuev, at the end of 2004, Oleg Kiselyov, who was then the president of the investment bank Renaissance Capital, asked Dmitry, whom he had long known, to help seize the shares of Mikhailovsky GOK. For this, Dmitry was promised a reward of about a million dollars. Subsequently, during the interrogation, Oleg Kiselev admitted acquaintance with Klyuev, confirmed that he had discussed with him a possible deal for the sale of Mikhailovsky GOK, but he categorically rejected the role attributed to him as a customer for the arrest of shares.

Dmitry agreed and gave appropriate instructions to his employees. As a result, some Alexei Pechkin and Oleg Voronkov filed with the Rostov Regional Arbitration Court a lawsuit by the Bahamian company Colchester Group Trading against the Rostov firm Terrasoft and the Moscow bank Eurasia for forcing the plaintiff to execute the contract to purchase 6,039,200 shares of Mikhailovsky GOK from the defendant. At the same time, Terrasoft was not listed as the owner of the shares of this enterprise. Nevertheless, arbitration judge Sergey Klepachev on December 30, at the request of Colchester Group Trading, took “measures to secure the claim” and seized 97% of the shares of the GOK without specifying their owner, which led to the blocking of operations throughout the depot of the plant. The preparation of the documents was attended by the Chairman of the Board of the Bank Igor Zhlobitsky and chief accountant of the Bank Alevtina Steganova.

In the