KES and Renova top-managers caught withdrawing income to offshores
The state-owned companies have been accumulating profits on foreign accounts for five years.
The leaders of Kompleksniye Energeticheskiye Sistemy (Integrated Energy Systems) CJSC and Renova Group have been caught withdrawing the companies’ profits to offshores, reported TASS referring to a source close to the investigation of the case against former Komi Head Vyacheslav Gaizer.
According to the source, the withdrawal of funds was affected between 2003 and 2008. Moreover, such a scheme was practiced in every subject of the Russian Federation where the KES has its branches (reorganized in PJSC T Plus).
"The so-called fuel scheme has been practiced since 2010, aimed at withdrawing funds from generating companies in favor of Renova Group," the TASS wrote.
According to the agency, 41.2 billion rubles ($719m) from the budget that had been allocated for the construction of additional capacity were meant to "repay loans" and were used "to acquire the missing portfolio of shares in order to control and operate the generating companies."
New details appear in the case against Samara prosecutor Andrei Pavlov. These details indicate close ties between the regional law enforcement system and criminal world. The main element of their relations is money. This confirms once again: neither reforms nor salary hikes for law enforcement officials can eliminate the trivial human greed. The main principle of corrupt officers is: if the position allows to make ‘side’ money, you must do so.
Also the top 15 largest executors of state orders among individual entrepreneurs, many of which have billions of turns, includes a food supplier for schools, kindergartens and penitentiary colonies in the Chelyabinsk region and the main pharmacist in the same region.