Russian Prosecutor General's Office withdrew its lawsuit against Freedom Holding and Timur Turlov, with the court blocking resubmission on same grounds.
Regulation & Gov ·
The Russian Prosecutor General's Office withdrew its lawsuit targeting Freedom Holding and Timur Turlov, according to court filings received by Moscow's Tver Court on October 14. The withdrawal statement arrived one day before the case was scheduled for its first hearing. The presiding judge issued an order preventing resubmission of claims based on identical grounds, effectively barring the prosecution from relitigating the matter through the same legal theory.
The specific rationale behind the withdrawal has not been made public. The case centered on whether Freedom Holding should be designated as extremist, a designation that would have carried significant consequences for the group's operations and assets. The court's ruling that precludes resubmission on identical grounds creates a procedural barrier to renewed legal action using the prosecutor's original arguments.
It remains unclear what prompted the abrupt withdrawal so close to the initial hearing or whether the prosecution intends to pursue alternative legal strategies against the company or Turlov. No statement has been issued explaining the reversal of position.