Alibek Issaev and his Venom project have become the object of close police attention
Last week, 3 villas in Abu Dhabi were seized, including the one where he lives. This property will be seized and sold to pay off Issaev’s debt to Ilya Kligman.
But these are not Issaev’s main losses.
His Venom project, on which great hopes were placed, was not destined to survive. Also last week, the UAE financial regulator initiated an investigation to find out whether Issaev is the final beneficiary of the project.
Issaev reassured the “investors” that Venom was invulnerable, since it was not legally associated with it, and the companies could not be seized to meet Kligman’s demands.
Well, indeed, the scheme of ownership and management of the project companies was built incredibly cunningly… Half of the companies were registered in the name of long-term driver Alibek Hasan, and the other half were registered in the name of a “respectable figure” from Germany, Dr. Kai-Uwe Steck, whose connection with Issaev by law enforcement agencies is also installed.
The project staff, in turn, has a long and deep connection with Issaev. And if the financial regulator still needs some time to understand the current situation provided by Kligman and a number of independent sources of information, then the UAE Prosecutor’s Office already understands everything. And Issaev’s partners from Germany will also have to give explanations in their homeland about laundering funds for a terrorist and fraudster from Russia who is wanted by Interpol.
