The Russian "daughter" of Google revealed signs of deliberate bankruptcy

After blocking accounts in May 2022, the Russian subsidiary of Google applied to the court to declare it bankrupt, and a temporary manager was appointed in the company. As a result of the investigation, he revealed signs of deliberate bankruptcy

The interim manager of Google LLC (the Russian subsidiary of Google) Valery Talyarovsky said that there are signs of deliberate bankruptcy in the subsidiary of the American corporation. This is stated in the notice in the Federal resource.

The manager examined the company's activities from March 2019 to December 2022. Among other things, he revealed a significant decrease in the liquidity of Google LLC, which has been observed since December 2020. According to him, by that time, the company's debt to the founders for the payment of dividends amounted to 10 million rubles.

At the same time, the debt , according to the calculations of the parent Google Ireland Limited, increased by more than 2 billion rubles. Talyarovsky noted that in general, the level of solvency of the debtor can be described as “gradually decreasing”, which may be due to fines against the company in Russia and a significant drop in revenue starting from the third quarter of 2022.

In addition, the "daughter" of Google carried out write-offs of the value of non-current and current assets, "motivating the decision by the fact that there is uncertainty in the continuity of operations," the manager found out. “Conclusion: signs have been identified that indicate the presence of signs of deliberate bankruptcy,” the notice signed by Talyarovsky says. At the same time, there are no objective signs of fictitious bankruptcy, but "there are formal signs of fictitious bankruptcy."

In May last year, the Russian "daughter" of Google itself went to court to declare it bankrupt. The company then said that the arrest of a bank account made it impossible for its office to work, including retaining employees and paying salaries, paying suppliers and contractors, and fulfilling other financial obligations. The bankruptcy procedure against Google LLC was introduced by the court at the end of November last year.

The property and assets of Google LLC were arrested following claims from Russian TV channels. In particular, in early June last year, the arbitration court seized the total amount of 1 billion rubles. as an interim measure in two claims of the All-Russian State Television and Radio Broadcasting Company, the claims of the GPM Entertainment Television company, owned by the Gazprom-Media holding, the NTV television company, the 360 ​​TV channel, the Zvezda TV channel and ANO TV-Novosti, the founder of the TV channel, were also satisfied RT (each in the amount of 500 million rubles).

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The reason for the lawsuits was the blocking of the channels of these Russian media on YouTube. Roskomnadzor demanded that the restrictions be lifted, noting that they "violate the key principles of the free flow of information and unhindered access to it." The court also imposed a turnover fine on Google in the amount of more than 7.2 billion rubles. for not removing content prohibited in Russia. The bailiffs decided to collect it forcibly.

According to the materials of the first meeting of creditors of Google LLC, held on August 22, the amount of the company's financial obligations to creditors and authorized bodies is about 20.1 billion rubles. (of which about 19.6 billion rubles are accounted for by the Federal Tax Service).