It should be recalled that by that time Peredelki Housing Estate, Odintsovsky District, Moscow Region, had been built and handed over on 01 January 2016 to the customer who financed the construction of Peredelki Housing Estate – Swiss company SFO Concept AG. As mentioned in earlier publications, the estimated cost of “Residential Complex Peredelki” was around 47 000 000 USD, and the market value was determined by 3 (three) carried out independent valuations, including the court valuation of between 34 000 000 and 36 500 000 USD.
There was essentially one issue discussed at the meeting – the establishment of the optimal mechanism for selling the Peredelka housing estate to Anatoly Chubais at the lowest possible price.
Dmitry Mints “proposed” to Ilya Suchkov, if I may say so, and in fact imposed in an unquestioning manner, the option of transferring the Peredelka housing estate which is owned by the Swiss company SFO Concept AG to Boris Mints at a symbolic value for the purpose of subsequent sale of Peredelka at the same symbolic value to Anatoly Chubais.
According to Dmitry Mints, the Swiss Company, after implementation of the scheme “proposed” by him in order to liquidate the large debt formed on the Swiss Company by Anatoly Chubais, was to be deliberately bankrupted and the remaining difference of about USD 17,000,000 in debts was to be recovered from the shareholder and CEO of the Swiss Company, that is from businessman Ilya Suchkov and Andre Odermatt, respectively.
Given that Anatoly Chubais had earlier “recommended” Ilya Suchkov to agree the mechanism for the sale of Peredelki residential complex with Dmitry Mints, the “proposal” by Dmitry Mints sounded like an agreement with Anatoly Chubais.
Disregarding the actual construction costs incurred by the Swiss company SFO Concept AG and its actual market value, set the valuation of the Peredelka housing estate at significantly less than the money actually spent on construction and its actual market value, in the region of 8,000,000 US Dollars, as desired, necessary and consistent with the wishes of Anatoly Chubais and Mr. Mints.
Rucriminal.info reminds us that as we pointed out in previous publications such an underestimated value of the “Residential Complex Peredelka” in the range of 7 000 000 – 8 000 000 US dollars met the wishes of Anatoly Chubais and Mr. Mintsev. This fact is confirmed by Dmitry Mints’ assertions at the meeting, as this would have allowed Anatoly Chubais, Boris and Dmitry Mints to conceal the passage of such large sums through the accounts of the Cypriot company O1 TRUST SERVICES LIMITED in the form of loans.
In addition, this undervaluation was necessary because Anatoly Chubais had no declared income that would allow him to purchase the Peredelki housing estate at market value.
Anatoly Chubais associates, including Sergey Krychenko and Olga Butkova, finance director of Anatoly Chubais’ family office in the Russian Federation headed by him (Sergey Krychenko), were informed at the meeting that the budget amount they had budgeted for Anatoly Chubais to purchase “Peredelki residential complex” should not have exceeded USD 8 000 000 or 520 000 000 rubles.
Thus, it must be assumed that the “proposed” scheme by Dmitry Mints to purchase the Peredelki housing estate had been planned by Anatoly Chubais and the company in advance and was not disclosed to Ilya Suchkov or to Anatoly Chubais and the company until the last moment.
Moreover,
according to Dmitry Mints’ assertions at the meeting, the scheme offered by him to Ilya Suchkov was a sham and if Ilya Suchkov had agreed, it would have consisted solely of a cash run between the aforementioned parties to the contractual relationship, in violation of applicable law.
Ultimately, Anatoly Chubais would have solved his task back in 2016, but due to the refusal of Ilya Suchkov to participate in his(Anatoly Chubais’), Boris and Dmitry Mintsev’s illegal scheme expressed in the alleged legalisation of funds, he did it only three (3) years later in February 2019!
Due to the unforeseen circumstances that arose, we believe that it was Anatoly Chubais or his associates who at his initiative had to perform a number of illegal actions related to the legally dubious purchase of the Peredelka housing estate, namely:
– to initiate on far-fetched grounds criminal case No 123632 against the intransigent businessman Ilya Suchkov. The basis of which the senior investigator of the Investigation Department of the Ministry of Internal Affairs of Russia in Odintsovsky urban district Yegorova J.A. was based on the valuation of the KnightFrank company “friendly” to them and false testimony of so-called proxy representatives of the aggrieved party Rim Kuks and Dmitry Mosin, who allegedly act by proxy and have no relation to the Cyprus company O1 TRUST SERVICES LIMITED. This fact is confirmed by the materials of the case file and the audio recording of the so-called working meeting;
– to initiate on far-fetched grounds, by way of artificial change of jurisdiction, consideration of the civil dispute between the foreign legal entities Cyprus company CRISNA HOLDINGS LTD affiliated with Boris Mints and the Swiss company SFO Concept AG not in the London Court of International Arbitration, but in the Arbitration Court of the Bryansk region, because, as we believe, he was amicable and received the decision needed by Anatoly Chubais.
It should be recalled that the artificial change of jurisdiction became possible due to the fact that the second defendant before the Cyprus company CRISNA HOLDINGS LTD under the surety agreement of June 2015, miraculously, in violation of applicable law, without notifying the debtor, the Swiss company, was the Russian family office of Anatoly Chubais – SFO CONCEPT CONSULTING LLC, with a share capital of 100,000 rubles.
– initiate, with the participation of investigator Zh.A. Egorova, the organization and conduct of bidding for the sale of the Peredelki housing estate which is under arrest and is material evidence in criminal case No. 123632 for 600,000,000 million rubles, that is, for the amount originally planned by “associates” of Anatoly Chubais, in the so-called work meeting in spring 2016;
(This scheme of the “raider takeover of the Peredelki housing estate” is described in more detail in the publication on the website
rucriminal.info of 25 April 2022 – “Chubais’ giant ‘cube’ found “)
– initiate the unlawful arrest of Ilya Suchkov in June 2017;
– contribute to the systematic violation of the law by investigator J.A. Egorova and investigator A.G. Mogilevskaya of the same department and as a consequence bring Ilya Suchkov to disability.
We believe that criminal case No. 123632 is clearly a contract case and recall that it was initiated by investigator Egorova J.A. on 16 October 2016, contrary to the factual circumstances:
– the loans were taken out for the purpose of replenishing the working capital of the then 100%-owned Swiss company SFO Concept AG, owned by Anatoly Chubais on his instructions by André Odermatt, the Manager of the Swiss company. The loans were taken out over a long period of time, at negligible interest, without any collateral, with guarantees from Anatoly Chubais to his friend, associate and business partner Boris Mints, and were spent by Anatoly Chubais during his 100% ownership of the Swiss company, i.e. until May 2013;
– the paradox of the present criminal case is that it was initiated six (6) years before the right to claim under the loan agreements concluded by Andre Odermatt, the manager of the Swiss company SFO Concept AG, on behalf of Anatoly Chubais;
– in December 2014, Ilya Suchkov, under the loan agreements concluded earlier by Anatoly Chubais, with the profits of the Swiss company, in fact, out of his own money, partially, early repaid the liabilities existing to Boris Mints’ Cyprus Company for Anatoly Chubais. In the hope that, based on an earlier agreement with Anatoly Chubais, these amounts would be repaid to him after the purchase at market value of the Peredelki housing estate;
– Ilya Suchkov, after the so-called working meeting in the summer of 2016, has repeatedly offered the Cyprus Company of Boris Mints and Anatoly Chubais, in accordance with applicable Russian and Swiss law, to purchase “Residential Complex “Peredelki” at actual market value, according to 3 (Three) independent valuations, including 1 (One) trial, with a possible discount allowed by applicable law for USD 33 000 000. It is particularly noteworthy that this circumstance per se excluded any intention of fraud on the part of Ilya Suchkov;
– The property (AITI equipment) that Ilya Suchkov is accused of having allegedly stolen from Anatoly Chubais is still located in “ZhK Peredelki” and did not belong to Anatoly Chubais as of 2017-2018, which is confirmed by the materials of the case.
Despite the fact that all of the above arguments are undeniably documented by the materials of criminal case #123632, investigator J.A. Egorova and investigator A.G. Mogilevskaya of the same department were completely ignored, and instead of putting the above investigators on trial for their illegal actions during the entire 6 (Six) year long so-called investigation, they were sent to retirement and dismissed at their own request respectively. Phenomenal, isn’t it!
For almost three (3) years now, criminal case No. 123632 has been pending in various courts in Moscow and the Moscow region, twice returned to the prosecutor for additional investigation
In their turn, “friends” of Anatoly Chubais are actively trying to push the failed criminal case No. 123632 through the courts at any cost.
We truly hope that the clear facts of falsification, distortion and tampering with materials of the 6 (Six) years long criminal case No. 123632, which we believe was ordered by the supervisory, judicial and prosecution authorities, will be given a proper legal assessment at the end of the day.
PRINTED VERSION
of the 2016 meeting
(Ilya Suchkov with Dmitry Mints, Ilya Gulin (Mints’ CFO), Elena Orlova (Mints’ office employee), Sergey Krychenko (“adjutant” to Anatoly Chubais) and his CFO Olga Butkova)
Sergei Krychenko: How much do you owe? Let’s start with this (how much is owed on the money Anatoly Chubais received in 2010-2012). Anatoly Chubais’ “loans” from his friend, associate and business partner Boris Mints’ Cypriot company – O1 TRUST SERVICES LIMITED, now reorganised into TILSOKA LIMITED) to the Swiss company SFO Concept AG.
Ilya Suchkov: 24, well 23 and a penny (meaning millions of US dollars)
Dmitry Mints: bankrupt the Swiss company and that’s it
Yelena Orlova: That’s the plan (implied by Chubais’ proxies)
Sergey Krychenko: bankrupt the Swiss company?
Dmitry Mints: he (meaning Anatoly Chubais) will buy it (meaning the Peredelki housing development) for, I don’t know, 7 (meaning $7,000,000 USD)
Serhiy Krychenko: for 8 (means USD 8,000,000) or 9 (means USD 9,000,000)
Dmitry Mints: he(Boris Mints) will have to buy debt for 7 (implies 7,000,000 USD), O1 T (implies O1 TRUST SERVICES LIMITED) will be left with debt, there for what 24 (implies 24,000,000 USD) minus 7 (implies 7,000,000 USD), for 7 (assuming 7,000,000 U.S. dollars), he(Boris Mints) will take over this house (“Residential Complex Peredelki”), then O1 T (implies O1 TRUST SERVICES LIMITED) will go bankrupt, well wait for the Swiss company to go bankrupt
Elena Orlova: Well, bankruptcy is in 7 (meaning 7,000,000 dollars)? Your director (meaning the director of the Swiss company Andre Odermatt) will not suffer on this subject?
Ilya Suchkov: He will
Elena Orlova: The director (director of Swiss company Andre Odermatt) is so exhausted and..
Ilya Suchkov: But he’s not the only one who’s so torn up
Dmitry Mints: Why the fuss, got up, left, wonder why there is no director who can survive the company’s bankruptcy?
Jelena Orlova: Why don’t we just want to sell the house without bankruptcy (it means “Peredelki” housing estate)
Dmitry Mints: well you have a deal for 24 and for 24 to give (meaning millions of dollars)?
Elena Orlova: Still at the level of companies and the debt taker the situation will be better or through bankruptcy of some company out there
Dmitry Mints: So that no one would say that it is actually worth 24 (meaning $24 million) and to take the house for 24 (million U.S. dollars), so someone would not bother to find out later if there was a debt of 24 million (meaning U.S. dollars)
Yelena Orlova: Someone will still be in trouble, if someone wants to deal with it, there will be bankruptcy of the company and publications, the house and so on, it is better to do it all quietly (phone call – alo)
Serhiy Krychenko: So, what?
Dmitry Mints: and here it is not about the bankruptcy of the company, the assets were so much, and the debt is so much, well, what can you do. They took it for so much, and then they sold it for 100 rubles. Debt forgive, take 8 (meaning 8 000 000 USD) and the rest of the debt seek Suchkov
Elena Orlova: How will they find and whose assets will they be looking for, the shareholder?
Ilya Suchkov: me
Dmitry Mints: What shareholder?
Yelena Orlova: No well, then what are we looking for, what assets?
Dmitry Mints: no, we won’t look for anything, we will close the matter so we took something that was 24 and sold it to a comrade in charge (meaning Anatoly Chubais) for 8 (meaning $8,000,000)
Elena Orlova: well, we didn’t sell it that way
Dmitry Mints: in the end it was sold! in the end it was sold!
Jelena Orlova: Do you have an appraisal of what you took?
Dmitry Mints: You got the right appraisal of what I took
Elena Orlova: took everything you had
Dmitry Mints: and gave it away for 24 (implies 24,000,000 U.S. dollars), I say you took it first for 24 (implies 24,000,000 U.S. dollars) and then valued it somehow and then gave it to Chubais for 8 (implies 8,000,000 U.S. dollars) something here ..
Yelena Orlova: Well, the person who will tell you this, if you happen to find such a person, will tell you this in any situation and with or without bankruptcy
Dmitry Mints: I bought debts from O1 T (O1 TRUST SERVICES LIMITED) for 8 (USD 8,000,000), I came to the company. The company wants to give you the debt for 8? You have a house on you for 8. I forgave the debt for 8. The remaining debt was left on O1 T (O1 TRUST SERVICES LIMITED), O1 T came and went to court there. On a physics level, he paid 8 (meaning Boris Mintz), got 8, gave it to me, I sold it, I made money, if anyone out there is going to warm their ears
Elena Orlova: About the fact that you came and took everything you had and bankrupted the rest as well
Dmitry Mints: no why? O1 T (O1 TRUST SERVICES LIMITED) is a different story, it’s not the same, I don’t know the difference
Elena Orlova: I don’t know what you feel the difference
Dmitry Mints: I’m not ready then
Elena Orlova: Well how can I feel the difference without knowing your situation
Dmitry Mints: What is our situation?
Elena Orlova: Your situation with O1 T (O1 TRUST SERVICES LIMITED) I don’t even know what it is
Dmitry Mints: I am not concerned about the fate of O1 T (O1 TRUST SERVICES LIMITED) in this case. I am worried about the situation with the two physicists (meaning Anatoly Chubais and Boris Mints)
Elena Orlova: How much is it possible?
Dmitry Mints: That’s not what you’re trying to tell me
Elena Orlova: I don’t want to say anything right now. We are just talking about a way that will be minimally public and troublesome
Dmitry Mints: it’s not a hassle (Mints’ suggested above-mentioned illegal scheme is meant) and there’s no publicity about it, there are a million companies going bankrupt in the country, I think the Swiss have more than one or two too, they decided to give up the house
Yelena Orlova: well, bankruptcy usually takes place through court
Ilya Suchkov: Of course
Sergiy Krychenko: Well through the court, the bankruptcy went through the court. Give me at least a rough idea of the point at which Dmitriy (meaning Dmitriy Mints) will be the owner
Dmitry Mints: it’s the deal with the house (meaning Residential Complex “Peredelki”) that’s not dragging it out at all
Elena Orlova: It might even speed up the deal with the house (Peredelki housing estate). The bankruptcy process does not depend on this topic. And you want exactly the amount of the purchase of the house (Housing estate “Peredelki”) to make an assignment of this debt? No delta, no nothing
Dmitry Mints: well yeah there… some delta
Yelena Orlova: A certain delta, it doesn’t matter which one; it’s not a matter of principle. Part of the debt is assigned to a physical person (implies Boris Mints), the physical person comes to the company (implies SFO Concept AG Switzerland) saying, do the sale-purchase transaction as part of the set-off claim, and after some time the company appears… (implies O1 T (O1 TRUST SERVICES LIMITED))
Ilya Gulin: well, it appears or it doesn’t
Elena Orlova: no it appears (implies О1 Т (О1 ТRUST SERVICES LIMITED)) because our task is to liquidate this company (implies JSC “SFO Concept AG” Switzerland) to hell Swiss, so it (implies О1 Т (О1 ТRUST SERVICES LIMITED)) has to appear and go bankrupt and find that everything was already taken by some individual
Dmitry Mints: no it’s just an option, you have to observe a period of six months..
Ilya Gulin: So you can’t get it back
Dmitry Mints: Six months later O1 T (O1 TRUST SERVICES LIMITED) comes and asks for the debt. You have someone appointed there to liquidate
Elena Orlova: And in general you should find out how the bankruptcy procedure works in Switzerland
Olga Butkova: Our client(Anatoly Chubais) plans to move in and already live there on 01 June (Residential Complex Peredelki)
Elena Orlova: Don’t wait, Olga, everyone has already realised that we have already made a sale and purchase of physical persons and the physical person is already further disposing of his property (Peredelki housing estate)
Dmitry Mints: not then at least the physicists(Boris Mints and Anatoly Chubais) there A phone call. A physicist comes over and says he bought a house, but he says his son gave it to him as a gift instead of 7 (meaning USD 7,000,000), so he sold it, plus or minus. Our biggest problem is that Mints sold something to Chubais for three (3) kopecks.
Yelena Orlova: And if he buys the debts, all the debts for 8 million (meaning US dollars), let’s say, just to keep us from going bankrupt
Dmitry Mints: that is, at a discount, I know, the chief (meaning Anatoly Chubais) can be formally ‘f*cked’ with investigators for how much he (meaning Anatoly Chubais) paid, he exchanged a debt of 24 million (meaning US dollars) for a house (Peredelki housing estate) there worth, what there 8 (meaning US dollars 8 000 000) is the subject he(Anatoly Chubais) decided to, well do so and then this house (Peredelki housing estate) which is nominally worth 24 million
Olga Butkova: 24 million is the investment in construction
Ilya Suchkov: 30! (meaning US dollars invested in the Peredelki housing development at the time)
Elena Orlova: Well in this construction, just dock the house for 8 (meaning millions of USD), run the money, and then go into bankruptcy and generally do not mess with debts then no investigators have no questions, and once you are hooked through the debt, and then some strange story with debts, no well if in this logic to follow it should break up at all.
Dmitry Mints: Yes, it might make more sense
Jelena Orlova: Because as soon as you get a hold of even a part of a debt you screw up the whole story
Ilya Gulin: In this logic, even if we chase the money for a part, for 8 (meaning US dollars)
Elena Orlova: no, as soon as you speak about the investigators you should break these 2 (Two) stories (it means the issued loans with the purchase of housing estate “Peredelki”)
Dmitry Mints: not for 8 no
Elena Orlova: As soon as you talk about the investigators you have to break these 2 (Two) stories
Dmitry Mints: we give Boris Iochifrvich we give 8 million (US dollars) he buys this house (Residential Complex “Peredelki”)
Ilya Gulin: I am saying everything correctly, and there remains a partial payment of the debt of F1 T (O1 TRUST SERVICES LIMITED) and there remain 24 minus 8 (million U.S. dollars), so the company (it means JSC “SFO Concept AG” Switzerland) remains in debt
Elena Orlova: And then the company (JSC “SFO Concept AG” Switzerland) has already decided the issue or goes into bankruptcy or signs an amicable agreement for forgiveness of debt and fixes a profit against losses in the sale of the house as we actually originally planned and there is no need for any bankruptcy and hassle with this house
Dmitry Mints: No, it’s cleaner than that
Lena Orlova: If you want to break his story with someone, it’s just a sale, and then no one will pull you up
Dmitry Mints: Well there is no bargaining, they live in very formal categories
Sergiy Krychenko: Do you mean the investigators?
Dmitry Mints: Investigators yes.
Sergey Krychenko: Who the hell knows?
Yelena Orlova: In formal categories, just buying and selling
Dmitry Mints: No well listen if I buy a house there for 8, sold it for 8 100 (million U.S. dollars), valuation 8 100 or 8, there 7 500 (million U.S. dollars) does not matter, something has gained, well, well, well
Ilya Gulin: I mean and in the end the main question that remains is whether SFO (meaning SFO Concept AG Switzerland) is left with debts of 17 (meaning millions of USD), what will be the timing procedure for liquidation of this company (meaning SFO Concept AG Switzerland)
Dmitry Mints: bankruptcy is always cleaner than forgiving debt there
Ilya Gulin: I agree, let’s find out the details then
Yelena Orlova: No, well, we really need to find out the details and the exact process to make a decision on bankruptcy, because if so some independent should appear dude
Ilya Gulin: OK, let’s have a detailed scenario before the end of the week, so fine
Elena Orlova: This is about the debt, and actually about the transfer of ownership of the house
Dmitry Mints: so what will be the documents will be sale
Elena Orlova: that is the contract of sale for money?
Dmitry Mints: well, yes. have you determined this figure?
Jelena Orlova: We have to have a fresh valuation
Ilya Suchkov: We had a figure initially on debts now it is already proposed again in deficit
Elena Orlova: How much did you budget?
Olga Butkova: I budgeted..
Sergey Krychenko: For the purchase?
Ilya Suchkov: 7 (million USD) I think you pledged
Sergey Krychenko: 8 (million USD)
Olga Butkova: 520,000,000 (meaning roubles)
Ilya Suchkov: 8 or 7 (million USD)?
Sergey Krychenko: 8 (Eight), 8 (Eight) (million USD)
Olga Butkova: I budgeted 520,000,000 roubles
Sergei Krychenko: in roubles?
Olga Butkova: Yes
Yelena Orlova: No, well, it does not matter in fact, the less the better, because he (meaning Anatoly Chubais) will pay tax on all this amount later
Sergey Krychenko: We will buy it from your account
Elena Orlova: because you have an old plan, maybe something has changed, will you buy it or will you receive it as a gift?
Serhiy Krychenko: we will end up buying
Dmitry Mints: a question. The old plan, do you need the old plan?
Elena Orlova: The old plan is bad, because if it’s a gift it’s a tax on the whole amount of the transaction
Dmitry Mints: no, but just tell me a simple question. If he (meaning Boris Mints) bought sold, then why am I in this scheme? Boris Iosifovich bought, Chubais sold, resident/non-resident makes no difference if the difference there is not much difference
Yelena Orlova: But he (meaning Boris Mints) will pay 30% of the difference, no, no, we originally discussed that he(Boris Mints) will take the debt because the price is unclear and we won’t have a sale as we discussed it, he might just have a donation, if we have a sale, then in principle..
Ilya Gulin: If there is an incoming he (meaning Boris Mints) does not sell for much cheaper than he(Boris Mints) bought
Elena Orlova: that’s why they wanted a gift, that’s right Ilya (Ilya Gulin is meant) says that’s why they wanted a gift
Dmitry Mints: Then maybe 100, 200 thousand dollars we have to pay
Ilya Gulin: without a gift
Elena Orlova: but it is much more palatable, because to pay a million (meaning US Dollars) for nothing
Dmitry Mints: there’s another limitation there, the amount, he has no official cache in his account
Elena Orlova: Who has?
Dmitry Mints: Chubais
Yelena Orlova: Of course
Dmitry Mints: so there’s not much there (meaning declared returns)
Yelena Orlova: Absolutely because of that there will be additional worries
Ilya Guli: So we remove the link then
Elena Orlova: If we have a purchase and sale of it (it means “Residential Complex Peredelki”) from the company (it means JSC “SFO Concept AG” Switzerland), then we remove the link and, in principle, we can already start this story after the assessment will be ready. The appraisal can then be done at a minimum
Sergey Krychenko: Will the seller be the seller in this case?
Elena Orlova: Boris. We have now gone into a construction where Boris is buying then we don’t really need Dmitri (meaning Dmitri Mints). Well done Dimitri
Sergey Krychenko: Just the fact that Boris Iosifovich is selling the property to Anatoly Borisovich
Dmitry Mints: so what
Sergey Krychenko: What’s the difference between the forehead and the mouth?
Dmitry Mints: well yeah
Elena Orlova: Even less of this pretence
Ilya Gulin: A more straightforward story
Sergey Krychenko: we confess ourselves, it turns out that way
Elena Orlova: In what? We didn’t do anything
Dmitry Mints: No, why, as a real-estate activist Boris took a house (meaning “Residential Complex Peredelki”), looked there to sell it, and found someone to sell it to
Elena Orlova: earned
Sergey Krychenko: You know what the deal is? Unfortunately, I think everybody knows the history of company AG (i.e. SFO Concept AG) and knows that at one time he (i.e. Anatoly Chubais) was its shareholder. Is there no correlation here?
Dmitry Mints: who?
Sergey Krychenko: Anatoly Borisovich
Elena Orlova: Everyone who needs to know everything, that’s why our conspiracy
Sergei Krychenko: need to say no
Elena Orlova: our task is to respect the limit
Ilya Gulin: There is a need, it is just that this link (Dmitry Mints is meant) has no added value in the current design that was discussed today, it does not give anything, it raises more questions, it seems to me
Yelena Orlova: And yet it seems to me it is necessary to do without bankruptcy, that’s why also
Dmitry Mints to Ilya Gulin: On the contrary, everything is real, everything is fine
Ilya Gulin: There are debts, the company is interested in recovering its debts
Elena Orlova: And we have no connection between the real estate buyer(Boris Mints) and this company (JSC SFO Concept AG Switzerland) and the director is not afraid of what he sold cheap and then came to him to sue for bankruptcy, there I just saw letters of this director (Andre Odermatt implied) I think he will have a tantrum.
Dmitry Mintz: Appoint another director well
Elena Orlova: They won’t survive another director
Sergey Krychenko: you know it’s not that easy
Elena Orlova: Well, there’s just a story there
Dmitry Mints: everything has a story
Yelena Orlova: Everything has a story, and they have a story here
Dmitry Mints: I don’t know, I think bankruptcy is cleaner
Jelena Orlova: For whom?
Dmitry Mints, Ilya Gulin: for everyone
Yelena Orlova: You don’t care in principle
Dmitry Mints: Probably, well for us, for everybody it seems strange to take a debt and forgive it, I think it’s a very strange topic when you take a debt and just forgive it
Jelena Orlova: You don’t spend money on lawyers
Ilya Gulin: If it’s worth it
Dmitry Mints: yes
Elena Orlova: Well, it’s worth it if it’s worth it, but if you don’t get anything for it, what is it worth?
Dmitry Mints: I’m telling you again, go to any bank, tell them why they bankrupt you if you have no assets, they bankrupt everyone anyway because it’s the right procedure
Jelena Orlova: Well it is right because they have the procedure, but we are not dealing with a bank now
Dmitry Mints: No, but if someone comes to us and asks what you were doing
Elena Orlova: Who will come to you? Tell us who will come to you so we’ll be ready
Ilya Gulin: Wait, you may not agree with the director who is appointed there to perform certain functions
Dmitry Mints: And what is his way out?
Elena Orlova: We say we have a procedure, he has an exit..
Ilya Suchkov: There always is
Dmitry Mints: No, he can file for bankruptcy without asking anybody, he won’t go anywhere
Dmitry Mints: okay let’s say 5 or 4 (meaning millions of U.S. dollars) that’s a pittance under 1,000 U.S. dollars per meter, and under 1,000 U.S. dollars per meter it’s certainly a bit odd
Sergei Krychenko: that’s a bit odd
Elena Orlova: Well, still
Sergei Krychenko: Do we have people who can come and assess the real value of this property (meaning the Peredelki housing estate)?
Ilya Gulin: Any appraisers will tell you that according to the market it costs so much yes, to do it the way you want it should be manipulated so-and-so at the expense of so-and-so
Dmitry Mints: According to the market now it may cost as much as you want
Ilya Gulin: There is no market like that
Yelena Orlova: There is no market for such properties, in principle it is possible to appraise the land approximately, but it is impossible to appraise the size of a house in such a size
Ilya Gulin: There will definitely be no similar offers
Dmitry Mints: No, there will be something of course
Elena Orlova: There won’t be. We have explored this district directly. So still, in the absence of female logic, let’s move on somehow. At what price are we making an appraisal? I take it the appraisers don’t care at all. We had a late 2014 valuation of 5,000,000 (US Dollars implied), after that a big investment of 20 million (US Dollars) was made. The question is what should the valuation be now?
Ilya Gulin: But there was a crisis
Elena Orlova: But the crisis happened in 2014, it does not help
Ilya Gulin: I don’t know 7 (millions of US dollars), it’s above the psychological bar per meter, above the cadastral value, below the 8 (millions of US dollars) which has always been on the radar, but close to it, so 7 (millions of US dollars) would be adequate
Elena Orlova: And how many meters did we count? 5 something (meaning thousands of M2). Very correct, well because all our lower and lower they are very abstract and discussed
Ilya Gulin: I agree
Olga Butkova: I agree
Elena Orlova: and roughly speaking it comes out that all the same it is very cheap and can be at any moment, with anyone. Skuratov will be offended and will say something in the interview
Dmitry Mints: I think that he should be called what’s-his-name, the builder of St. Basil’s Cathedral.
Elena Orlova: Well then we make the estimate in the region of 7 (millions of US dollars), that’s the first one
Ilya Gulin: so draft contracts two, bankruptcy by the end of the week, scheme, terms and details three
Elena Orlova: and we have a run on the money
Sergiy Krychenko: based on all the aforesaid, can you at least say approximately when the manager ( Anatoliy Chubais is meant) will be the owner? Well, roughly at least say
Dmitry Mints: in April (meaning 2016)
Sergey Krychenko: In April, yes. Just in April he (meaning Anatoly Chubais) should have the money to buy it, right?
Olga Butkova: Well, after repayment of the loan (meaning Boris Mints) in cash, he (meaning Anatoly Chubais) gave it to him in cash first, so we should have non-cash
Dmitry Mints: First of all, about the loan as we talked in September, and it was reconfirmed on Thursday. Well, that’s a runaround too, it’s also a vicious circle
Olga Butkova: No, no, no, the money should be returned to him (meaning Anatoly Chubais) for the run to take place
Sergei Krychenko: this is why we are touching on this subject
Dmitry Mints: wait well in this part
Olga Butkova: Naturally, in this part
Dmitry Mints: No, it’s a run-through
Olga Butkova: Loans from him (meaning Anatoly Chubais) until September (meaning 2016)
Sergiy Krychenko: All right, until September. Please tell me how we will pay from his (meaning Anatoly Chubais) account, with what money, with what we will buy the house (meaning Residential Complex “Predelki”)?
Olga Butkova: We have now said so, Boris Iosifovich (meaning Mints) will pay us back 500,000,000 rubles, which we will pay for, well..
Serhiy Krychenko: A part of the loan will be returned exactly to provide in this way… I have heard everything.
