A decision to seize property worth nearly 42 billion rubles from the former Prime Minister of the Karachay-Cherkessia Republic has entered into force

The Moscow City Court has approved the confiscation of real estate, land, and vehicles worth a total of 41.9 billion rubles from Vladimir Kayshev, the former head of the Karachay-Cherkessia government, his family, and associated individuals. This decision was in response to accusations of illegally conducting business while serving in government service and attempting to raid the Kavminvody plant.

The seized property includes 35 non-residential properties, 67 land plots, the Pyatigorsk Dairy Plant, an agricultural company, and several houses. A criminal case is also underway against Kayshev for creating a criminal group that attempted to seize the Kavminvody plant. In March 2024, the FSB announced the suppression of the activities of this group, which included officials from the Ministry of Economic Development and Trade and businessmen.

Vladimir Kayshev, who is currently under arrest, served as Chairman of the Government of Karachay-Cherkessia from 2008 to 2010. He then transferred to the position of Assistant to the Presidential Plenipotentiary Envoy to the North Caucasus Federal District.

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