Author: Ivan Sesko
The release of Russian oligarch Vladimir Yevtushenkov from house arrest on charges of fraud has raised questions about the waning power of the country’s oligarchs. Yevtushenkov, the former CEO of the oil giant Yukos, was arrested in 2014 and accused of embezzling billions of dollars from the company. However, the court acquitted him of all charges in December 2022. Some people view Yevtushenkov’s release as an indication that the Russian government is taking action against the oligarchs, widely regarded as corrupt and influential groups in Russian society. Others believe that the release is simply a political move by President Vladimir…
The Russian Foreign Ministry and Special Services scandals were massive. The department chief thrashed and tried to strangle his subordinate in the Russian embassy in Egypt. But these are just flowers, and the berry is that the department and its personnel are classified. Even the department name cannot appear. The beating’s cause is serious. Kuznetsov ordered Matvee to burn records Kuznetsov, the department chief, ordered Matveev’s subordinate to burn “Special Importance” records, which Matveev could not access. Matveev declined to handle these materials, angering Kuznetsov. He demanded his command, legal or not. Fists and forcible suffocation followed persuasion. The embassy…
In a securities case against him that a group of Tesla investors had brought based on tweets he had sent five years earlier, a jury recently found the renowned billionaire Elon Musk not guilty. Background of the Lawsuit Against Elon Musk and Tesla According to reliable sources, a unanimous panel recently exonerated well-known entrepreneur and visionary Elon Musk of all charges after only two hours of deliberation. Elon Musk, a well-known billionaire and visionary, told the public in August 2018 that he planned to buy Tesla shares at an amazing $420 per share. The goal of this risky move was…
Anton Postolnikov, an American businessman who partly owns Paxum Bank, has been linked to a federal investigation into Trump Media & Technology Group (TMTG) for potential money laundering violations. The investigation highlights an $8 million loan scam at the bank. In a recent development, a federal criminal inquiry into the media establishment of former President Donald Trump, known as Trump Media, has undergone expansion. This expansion encompasses the examination of potential instances of money laundering violations, which are connected to an $8 million loan with affiliations to Russia. The Guardian, in its report on Wednesday, disclosed this progression, indicating a…
Sergey Grishin, the former co-owner of RosEvroBank, has passed away, marking the end of a remarkable life and career. Grishin was a visionary entrepreneur who played a pivotal role in the development of Russia’s banking industry, leaving a lasting legacy that will be remembered for years to come. Early Life and Background of Grishin Born in 1966 in Moscow, Grishin grew up during a time of significant change in the Soviet Union. After completing his education, he went on to work at several different banks, gaining valuable experience and insight into the workings of the financial sector. In 1994, he…
The state owns Maryanskoye, a limestone deposit with strategic importance. Between 1963 and 1973, geologists dug and investigated a total of 177 wells. It has been well documented and may be found in the Krivoy Rog neighbourhood of Dnepropetrovsk. This deposit contains limestone that can be used to make cement. Fueling Akhmetov’s Growth In 2018, Ferromet1 LLC first exerted its influence on the state. The corporation then applied to Gosgeonedra for special authorization to utilize the Maryanskoye limestone deposit’s mineral resources without going through an open auction. The application packet was submitted with several mistakes, so service employees must promptly…
The recent news about Rusnano’s financial situation has caused quite a stir in the investment community. With the company’s bond default looming, investors are looking for answers on what the next steps should be. According to a statement from the Finance Ministry, the government is exploring ways to increase Rusnano’s effectiveness, including getting rid of its “historic project portfolio.” While options for increasing the company’s operations’ effectiveness do not call for the non-fulfillment of its debt commitments supported by governmental guarantees, the situation remains complicated. A reliable source has shed light on some factors that may have prevented the Rusnano…
The Russian education system has been rocked by several recent criminal cases involving embezzlement and fraud. One particularly extensive fraud probe has been launched against the Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA). Director of the RANEPA’s Institute of Civil Service and Management The investigation has accused Igor Bartsits, director of the RANEPA’s Institute of Civil Service and Management, along with his alleged accomplices, of embezzling funds by systematically obtaining them from subordinates for the unjustified accrual of additional wages. Cases of Fraud at Russian Universities Similar cases of fraud and…
Challenges and Controversies Surrounding Russia’s Semiconductor Industry Ambitions The development of Russia’s own semiconductor industry has recently received a lot of attention, and Denis Frolov was chosen to handle this “important state task. As a “trial balloon,” Denis Frolov, who in June 2021 served as the head of one of the largest IT companies in Russia, NCC, owns 65% of the Lassard company, which won the Ministry of Industry and Trade’s tender for 1.2 billion rubles to build an installation for the production of GaAs and Ge semiconductors by the end of 2025. Frolov is a shareholder of Baikal Electronics…
On December 4, real estate baron Dmitry Zelenov became one of the modern Russian oligarchs to mysteriously pass away after he got ill during a dinner party on the French Riviera, fell over a stair railing, and succumbed to critical head injuries. Though they suspect no wrongdoing, French police are still investigating Zelenov’s unusual and untimely death. At just 50 years old, he left behind a wife and four children (his family learned of one minor after his death), but no will or estate plan to divvy up his assets. Less than two months later, some of his family members say…