The Moscow Arbitration Court may close the high-profile trial of RUSNANO, which is seeking 11.9 billion rubles from former corporate executives, including Anatoly Chubais. The formal reason is the presence of commercial secrets in the case materials. However, according to a source at the Cheka-OGPU and Rucriminal.info, the true reason for this decision lies in the composition of the Board of Directors that approved the controversial investment project.
This body included individuals holding key positions in government: Elvira Nabiullina, Sergey Chemezov, Andrey Fursenko, Sergey Kiriyenko, Mikhail Kovalchuk, and Anatoly Chubais himself. Discussing this fact in an open court hearing could create unnecessary confusion.
The case centers on the "MRAM: Establishment of Magnetoresistive Random Access Memory Production in Russia" project, which was implemented from 2011 to 2020. RUSNANO's new management believes that the decisions made at the time were unwise and resulted in billions in losses.
The case materials show that the project underwent a multi-stage approval process: it received positive opinions from the Scientific and Technical Council (composed of academicians from the Russian Academy of Sciences), committees under the Board of Directors, and the Ministry of Economic Development of the Russian Federation. Most importantly, the project received final approval by the Board of Directors of JSC RUSNANO on April 19, 2011, which at that time included the aforementioned individuals.
Thus, the project, which is now declared unprofitable, was approved at the highest level.
The current RUSNANO management acted extremely carelessly in initiating such a lawsuit and is now clumsily attempting to correct its mistakes.
