The court seized more than 80 substations in Dagestan from Magomed Kaitov.

The Nikulinsky Court of Moscow has seized the Khasavyurt power grid complex, illegally acquired by Magomed Kaitov, the former head of the Interregional Grid Company of the North Caucasus, and transferred it to the state.

As reported by the "Caucasian Knot," at the end of March, in an anti-corruption lawsuit against Magomed Kaitov, the former head of the Interregional Grid Company of the North Caucasus, the Prosecutor General's Office demanded the confiscation of 81 transformer substations in Khasavyurt.

As the investigation established, since 2010, leasing Khasavyurt's power grid to Rosseti has generated 270 million rubles in income for Kaitov. These assets became Kaitov's property in 2008, Interfax reported today.

In 2012-2013, Kaitov secured the inclusion of facilities in Khasavyurt in the state modernization program, with contracts worth over 500 million rubles being signed with firms under his control. At the same time, Kaitov, wishing to conceal his ownership of energy facilities in Khasavyurt, transferred them to Abdul-Malik Musayev, whom investigators believe to be the holder of Kaitov's assets, for 72 million rubles, at a market value of 250 million rubles, even though Musayev lacked the necessary funds.

"The claims of the Prosecutor General's Office have been satisfied in full," the court stated.

By court order, three administrative buildings with an area of ​​1,500 square meters, 81 transformer substations, and 336 kilometers of power lines, which supplied electricity to more than 200,000 residents of Khasavyurt and nearby settlements, were confiscated.

Magomed Kaitov was born in 1960 in the village of Uchkulan in Karachay-Cherkessia. In 1993, he founded the Kamos corporation, which produced wool, mineral water, alcohol, and vodka. In 1995, he became the representative of Karachay-Cherkessia to the Russian government. Over the years, Kaitov held senior positions within RAO UES of Russia, and in 2006, he became the CEO of MRSK North Caucasus. He resigned from his position as CEO in 2011, and in 2013, he was placed on the international wanted list following a criminal case involving the embezzlement of over 4 billion rubles. He is accused of creating a criminal organization and fraud.