New Year presents of Kosmos NPO head to be sold at auction

New Year presents of Kosmos NPO head to be sold at auction
Andrey Chernyakov

Collection of alcohol, TV sets, sunglasses, and other personal belongings of fugitive businessman Andrey Chernyakov, seized by British bailiffs from two of his houses on the New Year’s eve, will be put up for sale.

First auctions for the sale of property of Russian businessman Andrey Chernyakov, who has indebted about £ 195 million to the Bank of Moscow, will be held in London in February. Following the decisions of the Moscow and London courts, bailiffs seized belongings (even those of small value) of the former head of Kosmos NPO (Science and Production Association) before the New Year. After the holidays, the bailiffs had undertaken a return visit to Chernyakov’s two houses, after which three TVs, a collection of alcohol, home fitness center, and sunglasses were added to the list of seized property. As Kommersant reports, part of the newly confiscated goods might have been Chernyakov’s New Year presents. 

Before that, in November 2016, bailiffs raided the houses of Andrey Chernyakov, rented in the suburbs of London. Then, the executives evacuated a Rolls-Royce, a Mercedes Viano and Children’s Ferrari; video equipment, computers, kitchenware, home furnishings, telephones, and other stuff valued at several million pounds, leaving only a minimum set of furniture in the houses. However, as it turned out during the pre-New Year raid, the officially unemployed Chernyakov managed to restore the property in the past two months.

When raiding the house on Barclay Road, bailiffs found a small dining table, a portable DVD-player, and a charger from MacBook Air. As for the businessman’s cottage in Kingston, the operatives had to order special vehicles for shipment of property. The following appeared in the house previously devastated by bailiffs: fitness equipment, three TVs, two display cases with glass doors containing about ten bottles of Veuve Clicquot champagne and no less expensive red wine Amarone della Valpolicella Trabucchi, a barbecue grill, a cowhide rug, and two pairs of sunglasses. 

October 28, 2016, the High Court of England and Wales issued a ruling in the lawsuit of Bank of Moscow’s lawyers (attached to the VTB Group), under which Chernyakov had to pay 195.236 million pounds to the credit institution. The reason for this decision was the petition of Bank of Moscow, which demanded compensation for loans granted to Chernyakov. In 2011, the former head of Kosmos NPO received a loan of over 11 billion rubles under a personal guarantee from the Russian bank for the completion of Halabyan-Baltic tunnel in Moscow. However, the bank received no payments or refunds. The amount owed is more than 16 billion rubles.

According to investigators, the loan money was transferred to the accounts of Chernyakov’s affiliated companies. A criminal case of Swindling in the field of crediting on an especially large scale (part 4 of Art. 159.1 of the Russian Criminal Code) was opened against the former head of Kosmos NPO.

In early December 2015, it was reported that the High Court of London decided to freeze and disclose the assets of billionaire Andrey Chernyakov. The ex-head of NPO’s lawyers noted that after the court decision, Chernyakov had no means of living left, and appealed it. Pursuant to the order of October 28, issued by the British court, Austrian court seized 270 thousand euros on UniCredit bank’s accounts, belonging to Mr. Chernyakov. The businessman’s lawyers appealed against the seizure of money, as well as that of property in Britain. Meanwhile, if the decision remains in force, UniCredit should transfer the debtor’s funds to the VTB Group within eight weeks. Andrey Chernyakov is currently on the international wanted list.

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