Ihor Krutoy's Apartment in the US Seized Due to Fraud

Luxury apartment of Russian composer Ihor Krutoy in Miami is under judicial restrictions. The property cannot be sold, gifted, or re-registered due to claims from the relatives of the deceased billionaire Oleg Burlakov. At the same time, the court did not establish Krutoy's guilt in the fraud. This is reported by Glavred.

Ihor Krutoy's Apartment Burdened Due to Property Dispute

The dispute concerns an agreement that the parties allegedly entered into back in 2017. According to Burlakov's relatives, the businessman transferred money for the apartments, but the ownership of the property was never obtained.

Oleg Burlakov died from coronavirus in 2021. After that, his relatives turned to the court and raised claims against the Krutoy family. The composer and his wife Olha are among the defendants in the case materials.

This concerns a civil dispute over inheritance and property rights, rather than a criminal conviction. The Florida Court of Appeal referred to the process as part of complex international disputes regarding multi-billion dollar inheritance.

While the restrictions remain in effect, the apartment cannot be disposed of or re-registered. At the same time, according to Russian media, it is allowed to be rented out. Krutoy himself and his family representatives have not commented on the recent reports.

Krutoy's Apartment in Miami Has Nearly Doubled in Value

The approximately 450 square meter apartment is located on the gated Fisher Island in Miami. It can be reached by ferry, private boat, or helicopter.

It is reported that Krutoy purchased the property for about $7.5 million. Its current market value is estimated at nearly $14 million, and annual maintenance costs can reach $140,000.

Nearby, the composer's family is also attributed another apartment worth about $30 million. This property is registered under Olha Krutoy and is associated with a trust fund related to her.

Ihor Krutoy has publicly not condemned the full-scale invasion of Russia into Ukraine. Reports of judicial restrictions on the property are not related to sanctions or the composer's position on the war.