Corporation “Industrial Union of Donbass” (ISD) has no information about the reasons of detention of its General Director Oleg Mkrtchyan, in Moscow.

“We are not yet ready to make a statement. We are crossing our fingers that tomorrow the more we understand the essence of the story. As it is not here a direct link at the moment”, – said the Agency “Interfax-Ukraine” Director of the legal Department ISD Sergey Tkachenko on Wednesday evening.

However, he failed also to comment on what purpose the CEO ISD went to Moscow for the decision of business matters or in other cases.

“He spent a lot of time in Moscow”, – said the Agency interlocutor.

The Director of the legal Department once again stressed that “We are not prepared to comment because we do not understand at the moment. We check the information – I read the message in the press,” concluded the lawyer .

On Wednesday evening, in the media, in particular in the Russian “MK”, passed the message on detention in Moscow the known businessman of Armenian descent Hovhannes Mkrtchyan. Thus according to one version, the detention might be related to allegations of embezzlement of funds allocated for the projects in ISD and other business projects in which participated O. Mkrtchan.

Information about the arrest of O. Mkrtchyan confirmed “Ukrainian truth” one of the shareholders ISD, MP Serhiy Taruta.

“According to my information, Mkrtchan detained. He brought charges of embezzlement of funds provided by the state banks. Most likely, we are talking about the credit funds on Vnesheconombank that were used for the development of ISD and the development of other companies that Mkrtchyan is fluent in the Russian Federation”, – said S. Taruta up.

ISD was founded in 1995. Is an integrated holding company owning blocks of shares of enterprises of mining-metallurgical complex. The Corporation consists of Alchevsk iron and steel works, Dneprovsky iron and steel works, steelworks Dunaferr and ISD-Huta Czestochowa.

In early January 2010 it was announced that controlling stake in ISD at the rate of 50%+2 shares acquired, the group profile and financial investors headed by the owner of Swiss trader Carbofer and the former co-owner of Evraz (Russia) Alexander by Katunina. The founders of Ukrainian Corporation S. Taruta and Oleg Mkrtchan has reduced its stake to 49.99%. Vitaly Haiduk was released from the shareholders.

In early 2011, representatives of the VEB was introduced in the direction of the ISD, as well as in the Executive bodies of the Dnieper MK (DMK) and Alchevsk metallurgical plant (AMK). They were assigned to supervise financial matters.

It was also reported that in April-June and most of July 2017 DMK stood idle from-for difficult financial position. In particular, the plant a significant debt to “Metinvest”.

The shareholders of DMK at a meeting held 29 may 2017 General meeting of shareholders at which summarized the work of the enterprise in 2015-2016 and reviewed plans for 2017, reappointed members of the Supervisory Board for a new term of the General Director of Corporation “ISD” Oleg Mkrtchan, Director General of the company “Vardanyan, Broitman and partners” Michael Broitman, General Director of OOO “ASOCRET” Leonid Frumkin, Director of “Aggi asset Management” Natalia Bashinskaya and head of Department of corporate relations of LLC “ASOCRET” Andrei Chernyshov.

At the meeting of the Supervisory Board of DMK June 27, 2017 re-elected as its Chairman the General Director of OOO “ASOCRET” L. Frumkin, who previously held this position.

In addition, the Supervisory Board of the DMK at a meeting July 5, 2017 appointed CEO of DMK former CEO of Enakievo metallurgical plant (EMZ, included in the group “Metinvest”), Aleksandr Podkorytov for three years by ceasing the powers in this post Vyacheslav Mospan.

In December 2017 ISD officially announced the actual loss of effective managerial control over production assets (industrial sites and office premises in the city of Alchevsk, Luhansk region), PJSC “Alchevsk metallurgical plant”, PJSC “Alchevsk coke plant” and PJSC “Ecoenergy”, which together represent a significant portion of the group’s business, and over the office space.

In early January 2018 on the MQM said that the plant is experiencing difficulties with payment of salaries to employees, payment of taxes and accounts payable due to the blocking of economic activity of the enterprise.