This is stated in the RBC material with reference to the department.

It is reported that during an inspection carried out by the prosecutor's office, it was revealed that the privatization was carried out by an unauthorized body, which did not send documents on transforming the plant into a joint-stock company to the State Property Committee of Russia.

The department referred to Art. 302 of the Civil Code of Russia (“Reclamation of property from a bona fide purchaser”) and stated that those who own shares of Solikamsk Magnesium Plant JSC are dishonest buyers, since the property was transferred from Russia beyond its will.

Earlier, the head of the Bank of Russia, Elvira Nabiullina, expressed concern about the precedent of taking away shares from private investors.