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The Togliattiazot affair
From Wikipedia, the free encyclopedia
The Togliattiazot Affair is a series of events connected to criminal proceedings against the owners and executives of the Russian firm Togliattiazot (Toaz) and their foreign partners. The case spanned 14 years, from 2005 to 2019, and resulted in the owners and executives receiving prison sentences of between 8.5 and 9 years. The activity of the involved parties was described as "a threat to [Russia’s] economic activity" by the Chairman of the Investigative Committee of the Russian Federation, Alexander Bastrykin.[1]
Quick Facts Togliattiazot Affair, Court ...
Togliattiazot Affair | |
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Court | Togliatti, Samara and Moscow |
Decided | July 2019 |
Verdict | Five people convicted for fraud and misappropriation |
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Togliattiazot is the largest ammonia producer in Russia, with an estimated global market share of 7.6%.[2]