Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday.

The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier in November, Ismailov himself filed for bankruptcy but the court decided to leave the claim without consideration until Dec. 26.

In October, the bankruptcy petition against Ismailov was filed by Bank of Moscow.

The bank claimed three unpaid loans totaling more than $230 million given to the companies Rusline 2000 and the Dutch Tropicano Finance BV, which wer…

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