Sergei Maslov's offshore related to Gennady Timchenko found
As it became known to the media, the arrested Head of the Development Corporation is a business partner of the famous Russian entrepreneur.
The arrested Head of Development Corporation Sergei Maslov turned out to be the ultimate beneficiary of the Julesburg Corp. offshore company, registered in the British Virgin Islands in 2004. This was reported by URA.Ru with reference to the statutory documents of the company. Maslov owns 50 million shares of the company, the value of each is estimated at $1. Through this offshore Maslov ordered 71-meter yacht, to which he gave his wife's name - Victoria. After the vessel will be completed in Italy, it will go on the balance of Julesburg Corp.
Moreover, the offshore is associated with the famous Russian businessman Gennady Timchenko. This Maslov's company linked to another offshore company - SVM Holding Luxembourg. Michel Barbier, one of the Maslov's lawyers, led the company. That SVM Holding Luxembourg was one of the Akvanika founders, which releases the eponymous natural mineral water and soft drinks under the brand name Ministry of Soda in the Nizhny Novgorod region.
In 2013 Akvanika was bought by the subsidiary of the Volga group company, the founder of which, according to the register extract, is Gennady Timchenko.
In 2013-2014 Akvanika becomes the water supplier for the FSUE Kremlin Food Plant under the President Administration. In 2014 the company entered into the government contract with the Russian Railways for 90 million rubles, in 2016 - 55 million rubles. On April 26, 2016 the company was withdrawn from offshore, there was a change of the founder - it became the Volga group company itself. According URA.Ru, this happened due to the fact that Gennady Timchenko and his business came under Western sanctions.
Another proof of the connection Maslov's revenues with Gennady Timchenko the edition found in the articles of association, according to which the company Julesburg Corp. passed certification procedure on 26th April 2016.
Development Corporation did not answer the questions of the journalists: the company's press secretary is on sick leave and the public relations director, according to the secretary, is on vacation.
On October 20, 2016, Sergei Maslov, the General Director of the Development Corporation and his deputy Vladimir Karmanov have been arrested and detained. Maslov and Karamanov invested funds received from shareholders of the Development Corporation in the Narodny Kredit bank, shortly before the its license was revoked. According to investigators, Maslov and Karamanov specially chose the ailing bank to make it easier to explain the disappearance of the money invested in the Urals Federal District project "Ural Industrial - Ural Polar". By acting in conspiracy with the management of the Narodny Kredit bank the businessmen transferred funds to Cyprus offshore and later the money was invested in private projects of Sergei Maslov and Vladimir Karamanov. The amount of the theft exceeded 1 billion rubles.
Suspects were taken into custody until November 30, 2016. Later, the Leninsky district court in Rostov-on-Don seized the JSC Development Corporation General Director's property. A land plot of 3 ha in the Arkhangelskoe suburban cottage village (there are the home with area of 2700 sq. m, a guest house (640 sq. m) and sauna complex), a house in Myakinino (571 sq. m) and an apartment on Krymsky Val were arrested. The yacht and a collection of cars were not seized.
The court believes that Anzhela Maria Tsapok could have made the money to buy the house and the expensive car by legal means, since she owned a firm. The court still refused to lift the attachment from her 6 million dollars.