Lawyer of Rotenbergs’ bank installed New Year's lights worth 687 mln in Moscow 

Lawyer of Rotenbergs’ bank installed New Year's lights worth 687 mln in Moscow
Forum has fitted light installations in the form of trees on Kuznetsky Most and Tverskaya Street

At the end of 2016, Forum Company owned by lawyer Olga Keretsman won 19 tenders for the installation of New Year’s festive illumination.

At the end of 2016, Forum Company affiliated with Arkady and Boris Rotenberg’s SMP Bank won 19 tenders worth 687.7 million rubles for the installation of New Year’s illumination and the creation of light and decoration elements in Moscow. According to Meduza, Forum has fitted light installations in the form of trees on Kuznetsky Most and Tverskaya Street and heart-shaped installations near the Novokuznetskaya metro station as well as at the site of Journey to Christmas City Festival.

According to the Unified State Register of Legal Entities, lawyer Olga Keretsman, who usually represents the interests of Severny Morskoy Put’ Bank (SMP) in court is the owner and CEO of Forum. The main shareholders of SMP Bank are Boris and Arkady Rotenberg. Representatives of Rotenberg structures are on the board of directors of the most Rosspirtprom’s spirits producers, whereas the state company’s financial flows pass through SMP Bank. As for lawyer Keretsman’s company, the New Year’s decoration of city streets is its first experience in the field of public procurement. Previously, the company was engaged in the alcohol business, including in crediting of one of the largest owners of Russian distilleries, Rosspirtprom State Holding Company. Forum’s office is located next door to the central office of SMP Bank; several former directors of Forum continue to work in the companies associated with Rotenberg brothers. The company has an account with the bank.

It should be noted that in 2016, Moscow authorities spared no money for capital decoration. There was a wave of festivals, such as Moskovskaya Vesna (Moscow Spring), Rybnaya Nedelya (Fishing Week), Moskovskoe Morozhenoe (Moscow Ice Cream), and others. Despite the efforts of the authorities, many Moscow citizens have criticized the excessive decoration due to which it was literally impossible to walk through the capital’s main streets.

Two main major winter festivals — Puteshestvie v Rozhdestvo (Journey to Christmas) and Rozhdestvensky Svet (Christmas Light) — started before the New Year. They have been the most costly. According to Kommersant, two fir trees and light panels near Okhotny Ryad are worth 18 million rubles, the cost of festive illumination on Nikolskaya Street is 36 million rubles, and that of light decorations on Teatralnaya Square the Revolution Square is 25 million rubles; the light fittings on Revolution Square are worth another 34 million. The city has spent nearly 3 billion rubles for the New Year’s and Christmas decoration.

Tags: Moscow Banks
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