The Prosecutor General's Office demanded the seizure of more than 80 substations from Magomed Kaitov.

In an anti-corruption lawsuit against Magomed Kaitov, the former head of the Interregional Grid Company of the North Caucasus, the Prosecutor General's Office demanded the confiscation of 81 transformer substations in Khasavyurt.

As reported by "Caucasian Knot," in 2013, Magomed Kaitov, the former head of the Interregional Grid Company of the North Caucasus, was charged with fraud in connection with the embezzlement of four billion rubles. Kaitov denied the charges. In March 2017, he was suspected of failing to pay 48 million rubles in taxes. In late September 2025, the Arbitration Court of the North Caucasus District supported the Prosecutor General's Office and changed the territorial jurisdiction of the proceedings involving the company "Rusmarket."

The Prosecutor General's Office filed a new anti-corruption lawsuit against Magomed Kaitov, former head of MRSK. This time, the agency is seeking the seizure of property formally belonging to an affiliated entity – 81 transformer substations in Khasavyurt and 363 units of network equipment – ​​for the benefit of the state, RBC reported, citing its sources.

The resulting funds, according to the prosecutor's office, were subsequently laundered through the acquisition of several energy companies in the Stavropol Krai—Stavropolenergosbyt, Stavropol City Electric Networks, Gorelectroset, and the Kislovodsk Grid Company—which were used to form a private holding company that dominated the regional power grid infrastructure. The assets also included the Khasavyurt power grid, including administrative buildings, dozens of substations, and hundreds of kilometers of transmission lines, supplying power to over 200,000 consumers.

The prosecutor's office also noted that the property complex was used to extract additional profits at the expense of budget programs. Thus, in 2011, Khasavyurt's power grids were included in a state program to reduce electricity losses, with funding totaling 9.4 billion rubles. The contractors were affiliated entities that signed contracts with IDGCs worth over 500 million rubles.

However, the prosecutor's office established that the obligations were not actually fulfilled. Forged documents and fictitious certificates of completion were sent to the customer, and the proceeds were siphoned off to controlled organizations.

Despite the change in ownership, the prosecutor's office asserts, Kaitov retained de facto control over the assets, and he continues to derive income from them, including by leasing the property to entities within the energy holding company. The supervisory authorities assessed that the funds received were used for the personal needs of Kaitov and his close associates.

The Deputy Prosecutor General's lawsuit was filed with the Nikulinsky District Court of Moscow on March 23 and accepted for proceedings the same day. Judge Irina Yudina will preside over the case. The defendant in the lawsuit, in addition to Kaitov, is 27-year-old Abdul-Malik Musayev, whom the supervisory authorities believe is the holder of the assets of the former head of MRSK. A preliminary hearing on the lawsuit is scheduled for April 2, the publication clarified.

Magomed Kaitov was born in 1960 in the village of Uchkulan in Karachay-Cherkessia. In 1993, he founded the Kamos corporation, which produced wool, mineral water, alcohol, and vodka. In 1995, he became the representative of Karachay-Cherkessia to the Russian government. Over the years, Kaitov held senior positions within RAO UES of Russia, and in 2006, he became the CEO of MRSK North Caucasus. He resigned from his position as CEO in 2011, and in 2013, he was placed on the international wanted list following a criminal case involving the embezzlement of over 4 billion rubles. He is accused of creating a criminal organization and fraud.