Shtengelov, 54, founded food company KDV in Siberia in the 1990s and built it into one of Russia’s largest snack producers, valued at around 500 billion rubles (€5.1 billion).
Russian prosecutors are seeking to seize control of a major snack food company owned by billionaire Denis Shtengelov, accusing him of supporting Ukraine and moving funds abroad.
Shtengelov, 54, founded food company KDV in Siberia in the 1990s and built it into one of Russia’s largest snack producers, valued at around 500 billion rubles (€5.1 billion). The company sells a range of products, including biscuits, chocolate, chewing gum, and wafers. Bloomberg estimates his personal fortune at more than €2.2 billion.