Undeserved vacation. Boris Mints who escaped to England expected to return home 

Undeserved vacation. Boris Mints who escaped to England expected to return home
Photo: The CrimeRussia

4 million people in his home country are waiting for a tycoon Boris Mints who had moved to London – along with his 3 sons and pension savings. Representatives of a few law enforcement agencies are ready to ‘welcome’ him back home. Mints had bought up real estate in England and is in no haste to return home. “Be of use and carry your business on in the country where you had invested,” this is apparently what the billionaire thinks of the whole matter. He is getting prepared (just in case) for big-budget purchase in Israel.

Great expectations 

Lifestyle of those who are ranked among Forbes’ first hundred is not only abundant in assets, but in events, as well. Boris Mints has no superior in it. Right now, it’s time for great expectations in his life. Dickens’ story (reinvented) is taking place in the same place - London. But how the expectations of the inhabitants of the place have transformed! Here we have a Russian escapee tycoon Boris Mints walking down the Thames; and he hopes fervently for not leaving its heaven-sent banks.

Meanwhile, long hands of the far off motherland are being observed in the dense London fog.

Last week, Russia’s Prosecutor-General’s Office referred a case against a former president of the Bank of Moscow Andrey Borodin to the court. Just like tycoons, representatives of the Prosecutor-General’s Office are fostering hope at some point. This is hope for returning of capitals and their disgraced holders. Borodin whose castle in a county of Berkshire had already been arrested is surprisingly enough composed. As for Mints, he got into a fuss. In May, last year, he carried out to London much more than Borodin: there were different amount that had been indicated – even up to 1 trillion rubles (roughly $15.5 billion). 3 sons of the tycoon and multiple family members helped him in carrying out the money. Everyone has stolen as much as he or she could. Her Majesty's Treasury looks awry at this kind of luggage. According to some reports, they want to send Mints back home. 


The tycoon strongly disagrees with this route and – out of desperation – even recalled the fact that he was Jewish. Lately, this kind of things has happened to billionaires. Roman Abramovich was the first one who was hindered in playing with his favorite toy Chelsea by British authorities. Now, it’s Mints who is negotiating with analysts of Stratfor agency that is called the shadowy CIA. Mints makes terms right in Tel Aviv. It takes time to get used to the new motherland – taking into consideration the fact that one changes it too often.

It wasn’t that long ago that Boris Mints considered himself Maltese. When he was going to move to London, he bought citizenship of Malta for €900 thousand. This is exactly the amount Malta accepts as investment in the country and gives Russians its citizenship. There have been more than 700 Russians who got it this way. The family of Mints could join Russian-speaking Maltese. But how to deal with a trillion rubles? You cannot carry it in your hand baggage - even if there are hands of all family members and sons. Malta will unlikely be happy about a citizen whose savings exceed the country’s 2 annual budgets. 

Mints the robbed 

Mints realized the coolness that was present when he bought the Maltese passport. That’s why he did his best to put down new roots in Great Britain. There were 10 castles – including Scotland-based Tower of Lethendy – purchased. The castle was sold in 2016. Its owners and the deal value were not known by general public. However, narrow circles of London aristocracy grew suspicious towards Mints. In order to smooth the feeling of unease, Boris Mints purchased 3 other hotels (he has 3 children).

The most astonishing for British people was purchase of DoubleTree by Hilton Cheltenham located near Price the well-respected family owns the hotel through Harry’s.Lethendy Estates Ltd – as though they’re hinting at the fact that it’s not only the royal family in Great Britain who dwell in castles. Nevertheless, Mints owns the castle through a chain of off shore companies – far from the Finance Ministries of Russia and Great Britain. In order to avoid taxes and tax-related issues, Boris Mints suddenly became a man of art. He called himself a gallerist, a philanthropist, and a prisoner of conscience. In proof of it, he showed his collection of impressionism pictures (worth of $25-27 million) and his honest eyes. He complained about Rosneft that had taken away his assets. 







DoubleTree by Hilton Cheltenham

Everyone can offend an artist, as they say. That’d be okay, but then court happened. The same High court of London where Berezovsky demanded $5.5 billion from Abramovich became an eyewitness of how they demanded $55 million from Mints (and apparently it was not his last money). Uncomfortable questions about where the wealth – the Windsors dynasty had been saving for centuries – came from appeared. The Mints ‘earned’ this wealth in the blink of an eye. Who gave it to them? More or less honest answer could be “A few million people.” This is where the plot makes a sharp turn to the Russian lands. This is absolutely impossible in the motherland of Dickens.


A year before the family of Mints tried to get closer to Prince Harry in England, there was a sound wafting from Russia: “Give back the money – take the obligations.” That was a howl of the new administration of Otkritie Financial Corporation that found its empty accounts and a note: “Mints was here.” Obligations of O1 Group worth of 34 billion rubles played the role of the note. It’s easy to understand this was the amount that flew away from the accounts of Otkritie and subsequently sided with Great Britain’s economy.

Mints promised to buy out the obligations as soon as “first thing tomorrow morning” – in 15 years. Yes, Mints – being an honest person who was going to move to London – paid back the loan worth of 30 billion rubles he owed to Otkritie. In April, 2018, he noticed that the obligations were expected to be declared default, and he sounded upset. In a month, he moved to London and was quite happy. 


Otkritie was not too upset about what had happened, too. After they appealed to court, the special administrators wanted to try themselves as philanthropists, as well. After they achieved the recovery of the debt of O1 Group, the bankers – for the first time in the history – started refusing from money. Otkritie Financial Corporation did not want to take money from Mints’ Cyprus-based offshores (the debtholders). They said they could take the money only upon the decision of the High court of London. With that, they were in no haste to turn to the High court for the money. Vice versa, they did their best in order for the English court prohibit advance requests to Russia. This was, aparently, the part of the agreement. Heads of agreement, as usually.

Even London can understand him. It’s enough to know that Otkritie Financial Corporation is the offspring of Mints. Boris invented a new way to exist in the sun when the Administration of the President unlocked the door in front of him and locked it. One door was locked; another – in the bank management of Otkritie – was unlocked. There are rumors that it happened with the help of another Boris – Chubays. Co-owner was another friend of Mints and now-citizen of London – Vadim Belyaev. 

Back to the Future

Meanwhile, Mints creates a holding O1 Group: he thinks about the future; at least, about the future of his 3 sons who got in the process of wealth accumulation straight away. O1 Group became one of the largest developers in Moscow. Mints bought out 16 business centers as quickly as he had bought out the English mansions. One could only guess where Mints had taken the money from. When Elvira Nabibulina appeared at the Central Bank in 2013, the speculation escalated into suspicion. The friend of Chubays started feeling unhappy about strict banking rules. Mints went to the place with almost no rules – to the system of non-governmental pension funds.  


Financial group Budushcheye (Future) unites 6 largest pension funds: Uralsib, StalFond, Obrazovaniye, Sotsialnoye razvitiye, NPF Telekom-Soyuz, Nashe budushcheye, and Blagosostoyaniye OPS. Some of them were given in pledge to the Credit Bank of Moscow. Amount of hard-currency loans of the financial group Budushcheye was estimated at 106 million euros and 9 billion rubles. Meanwhile, Boris Mints continued growing the developers’ portfolio of O1 Group, having invested in construction of apartments A-Residence and a business center Aurora business park.

In the space of a few years, Mints gathered the portfolio of national pension funds that united saving of around 4 million people. Mints attracted them after the fashion of a prominent figure of the 1990s Sergey Mavrodi – by offering immense interests on deposits and buying out another pension fund on the investors’ money. Future pensioners united under a humble sign – Future Group. It’s just that Mints did not specify he and the pensioners would have different future. That’s because 4 banks of the ‘Moscow ring’ (analyst of Alfa-bank Sergey Gavrilov wrote an article on it) were taking care of Mints’ future.

All banks helped each other to avoid certain limitations of the law. Money will not put itself in the pocket. Law on the pension funds, for instance, prohibits to transfer more than 15 per cent of the fund to the same company. Another cup of tea is that when there are 4 companies like this, and they would transfer money in chain order (let’s say to a Cyprus-based offshore). The 15 per cent easily transform into 60 per cent. Let’s add other 15 per cent – they are invested by the pension fund to the right place. That’s the way the main office of the pension fund lost 6.9 billion rubles (roughly $105.5 million). Where did this money go to? To a brighter future that became the present in London.

In case Great Britain changes its centuries-old traditions and starts sending billionaires back home, Mints has other places to go. There is an institute of strategic decision of global issues named after Boris Mints in the university of Tel Aviv. Here they are thinking about how to help drought-ridden Africa – just in case Mints is kicked away even from Israel. 



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