FORMER ESTAR STEEL GROUP CO-OWNER'S APARTMENT IMPOUNDED OVER DEBTS

摘要

An apartment owned by Vadim Varshavsky, the former co-owner of the Estar steel group and a State Duma deputy, has been impounded over guarantees he made on loans to the group's former members, many of which have filed for bankruptcy, the Vesti TV channel said. "They've impounded it but they haven't taken it away from me yet. The court will decide. I pledged my property as security. 1 tried my best, but this is how things turned out. I suppose I'll have to live on the streets if that's what I deserve," Varshavsky said. Experts estimate the companies that used to make up Estar are around 1 billion dollars in debt.