The odious Russian businessman Naum Babaev is known for a bunch of scandals related to his controversial business activities. What is known about how he does business, pulling billions from state banks and transferring them offshore?
How did Babaev get an Israeli passport and “swindle” a well-known lawyer without paying him a fee for the work performed, and he, without thinking twice, sued a non-deceiver? Read more about this right now.
45-year-old Naum Aleksandrovich is from Kislovodsk. A financier by education. Married, three children. Russian businessman, founder of the Russian Dairy Company and the Damate group.
Nahum Babaev is already an Israeli, and when he received his passport, he “scammed” a well-known lawyer without paying him the promised fee
Recently, a very entertaining, rather scandalous, and sometimes even funny story that concerns Naum Alexandrovich got into the media. He made an Israeli passport for himself and his family, but at the same time, he “scammed” an Israeli lawyer without paying him for his “work”. The popular publication The Moscow Post wrote about this.
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So, a month ago, a non-standard case of N.A. Babaev was heard in the Moscow Region Court, during which it turned out that he and his family already have Israeli passports, and this passport issue was launched back in 2019.
To solve the passport issue, the businessman involved the well-known Israeli lawyer Anatoly Gekenberg, who deals with the issues of Israeli repatriates. The price of the issue was 9,000 euros, but, as it turned out, Babaev simply “scammed” the lawyer. As a result, the entrepreneur received his new passport back in the fall of 2021, and the lawyer, not a mistake, went to court with a statement about fraud and non-payment of fees for services rendered.
As reported by the publication, Babaev’s relatives were extremely aggressive in trying to get rid of their journalist when he appeared at a recent court hearing. But it turned out to find out the details of this scandal.
It turns out that Babaev “scammed” the lawyer Gakenberg deliberately and planned it in advance, since he had a different plan for relocation to Israel through relatives living there. And this is where the help of an expert on repatriation to the promised land was required.
In the meantime, the issue of the “relocation” of the Babaevs was being resolved, the head of the family was “preparing”, actively filling his offshore accounts with credit billions taken from Russian state-owned banks.
Naum Babaev and GC “Damate”
In 2012, Naum Aleksandrovich became the founder of the Damate group of companies.
Now he is the head of the board of directors of this group of companies, which is associated with a bunch of financial scandals.
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To begin with, we note that all earned loot goes offshore. Thus, the founder of Damate Management Company LLC with a status capital of 15 million rubles is the Cypriot offshore ASI DEMAITE LTD.
The organization’s revenue for the past year amounted to 1.5 billion rubles. The profit for 2021 is 121 million rubles, and for 2020 there was a loss of 61.1 million rubles.
The total assets of the company last year amounted to 468 million rubles.
According to SPARK Interfax, Damate Management Company LLC is listed as a defendant in one arbitration case.
Also, the aforementioned offshore limited liability company “ACI DEMAITE LTD” since 2015 has been the founder of Damate Milk Agro-Industrial Holding LLC with a status fund in the amount of 43.6 million rubles.
Revenue here in 2021 amounted to 2.9 million rubles and increased by 38.1% over the year. But at the same time, very disturbing factors are visible here, indicating the fictitiousness of the organization, which can be used for financial schemes. Thus, according to the Federal Tax Service, the company recorded a zero number of employees, and over the past two years there has been a loss. Last year, the loss amounted to 80 million rubles, and the year before, the losses were 32.3% less.
As of the end of 2021, the total assets of the organization amounted to 2.1 billion rubles.
Damate Milk Agroindustrial Holding LLC is listed in two arbitration cases: in one as a defendant.
As you can see, as a result, everything goes to the offshore companies of Naum Aleksandrovich. But further is more interesting. Read more about the credit scandals of businessman Naum Babaev in connection with the Damate group of companies in the material of The Moscow Post.
We move on.
Naum Babaev and Russian Dairy Company
In 2007, Babaev established the Russian Dairy Company, whose authorized capital now stands at 6.1 billion rubles. In 2011, the offshore Cypriot limited liability company “Milky Projects Limited” appeared among the founders, which owns 49.01% of the organization. Another 50.99% has been owned by Realt Invest LLC since 2015. It is noteworthy that with such a huge status fund, the company has had no sales over the past two years, and also has a zero headcount. And the lack of revenue and employees are signs of a fictitious organization.
The result of the work of the Russian Dairy Company for the past year amounted to 18 million rubles, and the year before last there was a loss of 90.7 million rubles.
In 2021, the company’s total assets amounted to 5.9 billion rubles, which is 1.8 billion less than in 2020. Net assets are equal to 5.3 billion rubles.
According to SPARK Interfax, LLC Russian Dairy Company is listed in 4 judicial arbitration cases and acted as a plaintiff in only one of them.
As for one of the co-founders of the Russian Dairy Company, namely Rielt Invest LLC with a status fund of 3.1 billion rubles, this organization also has signs of a dubious enterprise. It also records zero headcount and no sales over the past two years, and therefore it is possible that the company could be used for financial schemes.
In addition, there is another remarkable moment. The founder of this company is the same offshore Cypriot company Milky Projects Limited.
Last year, Realt Invest LLC received a loss of 806 thousand rubles, and the year before last, the loss was almost 76% more. As for the total assets of the organization, as of December 31, 2021, they are equal to 3.3 billion rubles. The company’s net assets are 3 billion rubles.
In general, all this looks very doubtful: here everything also goes offshore, zero number of employees, lack of revenue … And this, by the way, is far from all the companies from this bunch, but there is also a story there.
So what happens? Is the odious businessman Naum Babaev withdrawing public funds through his companies to offshore companies and actively “preparing” to move to Israel?
To be continued.
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