OREANDA-NEWS The shares of Vector Rail, one of the largest Russian companies in the field of railway car leasing, have become state property in accordance with a court decision. This is reported by Interfax.

At the end of April, Yekaterinburg satisfied the claim of the Prosecutor General's Office for applying to the state revenue of the specified railway operator and its "subsidiaries" with a total market value of over 242 billion rubles. Prior to that, the Oktyabrsky District Court of the city seized the assets of 12 legal entities associated with Vector Rail.

Salman Babayev, former vice-president of Russian Railways, his sons Ruslan and Timur Babayev, as well as their partner, Alexei Taycher, an Israeli citizen and resident of the United Kingdom, were named as its owners. The court recovered 30.1 billion rubles from the defendants, the agency recalls.

The lawsuit, which, as Kommersant wrote, was related to violations of anti-corruption legislation in connection with structures "of strategic importance to the country," was about ownership of more than 44,000 railcars and over 200 real estate objects.

The appeal in the case of the conversion of shares into state revenue will be considered on August 27.