Seven Suns Development: Every object is a fairy tale!
The sadness in the capital’s developer market is continually dispelled by “figures of speech” from shareholders of the famous developer Seven Suns Development. Fame came to them immediately and loudly. Last year, shareholders of one of their Moscow construction projects, “The Bright World “Fairy Forest”,” in desperation attacked the federal media in an attempt to hold the owner of Seven Suns, Alexey Ryzhkov, accountable.
Wherever the shareholders turned to solve their problem, they reached deputies, the Ministry of Construction, the mayor of Moscow, TV and Moskomstroyinvest. The keys were supposed to be issued on December 30, 2022. But the residents were deceived again. In January 2023, the debt-ridden investors again, under cameras from Russia 24, arrived in the dark place of their fairy-tale forest. And again, silently and with impunity for the developer, the completion date was postponed to 2 square meters. 2023. What next? And then – September, gentlemen. Do you think the house is finished? Of course not. What about the tops? And the top are silent. It seems that the developer has decided to fulfill only one condition to the shareholders – to wait for the promised three years. And this is not the first move by the Seven Suns knight.
The collection of serial long-term construction projects was replenished by their new project – the residential complex “Bright World “Biopolis””, here residents were guided to deliver apartments with finishing in the first quarter of 2023, but in fact, as of today, instead of a finished house, there is only a bare plot of land. The bright “Biopolis” even came under inspection by the All-Russian Society for Nature Conservation, which convicted the developer of a whole string of environmental crimes and made a documentary about the inspection results.
But it seems that public battles only strengthen the developer. Having in the administrative resource “decided” in high offices, the developer is not only not afraid to publicly circumvent 214 Federal Laws, but also to resolve misunderstandings even with government bodies.
Let us remember that in May a scandal broke out in St. Petersburg. Ryzhkov considered the criticism of the Vice-Governor of St. Petersburg Nikolai Lynchenko regarding the progress of construction of the facility unacceptable and decided to defend the honor and dignity of his “brainchild” in court.
From the Seven Suns Development side, the same algorithm can be traced:
— if there is a dispute or problems, the name of the “difficult” company is changed (SZ Starorogatskaya LLC, SevenSans MSK LLC);
— administrative resources are used in the courts, as evidenced by the cancellation of the majority of positive decisions on claims against the group’s companies;
— pressure is organized on the judiciary and contractors from law enforcement agencies and senior officials of the RF Armed Forces;
– submit fictitious claims from creditors affiliated with the debtor for large amounts in order to control bankruptcy;
— initiate legal proceedings on imaginary grounds for delaying time and refusal to repay their debts;
— create companies with mirror names for withdrawal of funds;
— accounts are closed and funds and property are withdrawn.
Today, Seven Suns has an uncontrollable number of lawsuits. But despite the help, many of the firms included in Seven Suns Development are already bankrupt or have had bankruptcy petitions filed against them. It is likely that, given the colossal volume of loans taken out and the dubious ability to complete the construction of most of the projects, the developer himself will also find himself on the verge of bankruptcy. Or, which is also likely, it will cross this line.