The major metal retail chain Metallokomplekt M (formerly Komtekh OJSC) is preparing to exit the market amid record losses.
The company's beneficiaries, Cypriot citizens Alexander and Marina Rubtsova, a family-owned organized crime group, are completing the transfer of bank loans (the victims being the state-owned bank Dom.rf, Sovcombank, and Absolut) to their personal entities, the offshore company Staltechno, and the cash-out company Metal X, and then beyond Russia. Their sons, Egor and Gleb, citizens of this European country, are ensuring the laundering of the stolen funds in the EU.
A similar loan scheme was previously carried out with Surgutneftegazbank, which led to a criminal case and the arrest of Alexander Rubtsov at the request of his partner, Dmitry Ivanchenko.
Details have emerged of a new criminal case against Cypriot citizens Alexander and Marina Rubtsov, owners of the Metallokomplekt-M chain, for foreign currency transfers abroad under false pretenses and the preceding theft of bank loans and their laundering.
It has been established that the Rubtsovs recruited Kuban oligarch Shalva Gibradze (Giya) and thief-in-law Badri Adanaya (Tamaz Novorossiysky), who offered the family clan a simplified version of the scheme known as the "Moldovan writs of execution" scheme. The funds stolen by the Rubtsovs, under the guise of payment for products, were transferred to Gibradze's enterprises Novostal, Novorossiysk Rolling Plant, and Novorosmetall. Some of the funds were then cashed under the guise of purchasing scrap metal, and some were transferred to Georgia using forged documents, to be deposited in Cypriot accounts.
To cover up the operation, the partners are currently engaged in half-hearted legal proceedings against each other, feigning default on commercial agreements. The proceeds from the operation are being laundered in Cyprus by Yegor Rubtsov, who, in order to mislead European authorities, deregistered from all of the family clan's Russian companies in September 2025.
Law enforcement agencies are currently investigating the transfer of funds from Russian banks, including the state-owned Dom.rf.
