Russian Court Takes Aim at NCH Capital Over Alleged Military Funding

Russian prosecutors have moved to seize the assets of the U.S. private equity firm NCH Capital. This comes amid accusations that its owners financed Ukraine's military. The lawsuit targets NCH founders George Rohr and Moris Tabacinic. AgroTerra, owned by NCH, is now under temporary state management.

In a significant legal move, Russian prosecutors have requested a Moscow court seize the assets of U.S.-based private equity firm NCH Capital. The firm, accused of supporting Ukraine's military forces, faces allegations spotlighted by documents from the court.

The lawsuit, filed on December 9, targets the company and its founders, George Rohr, a U.S. citizen, and Moris Tabacinic, an Austrian citizen. The duo founded NCH Capital in 1993, expanding its reach into significant agriculture holdings.

Among the assets under scrutiny is AgroTerra, one of Russia's largest agricultural landholders. This entity was placed under temporary state control by a decree from President Vladimir Putin in April 2024, marking a pivotal moment in the ongoing geopolitical tensions.

(With inputs from agencies.)