In the photo: Stanislav Chemezov
Is the Son of the Rostec Chief Avoiding Taxes and Transferring Funds Overseas?
Linked to Stanislav Chemezov, the son of Rostec’s leader Sergei Chemezov, the Taiga wood enterprise appeared on a roster of tax delinquents; its liability to the Internal Revenue Service, along with incurred penalties and late fees, exceeded 1.25 million rubles. Additionally, a total of 19 enforcement actions have commenced against the entity for 2.2 million. Recent years show Taiga lacking income or earnings, with 2019 reflecting losses of 1.5 million rubles. Alongside Chemezov, Taiga’s founders encompass Alexandra Miroshnichenko and Nikolai Shakhov. The latter serves as the CEO of Daban Plus, a firm partly owned by Nikolai Pasyada, the former Leningrad region’s vice-governor for building affairs, who passed away last April and faced charges in a significant fraud case. Chemezov Jr. and Alexander Miroshnichenko jointly possess “Genpodryadgroup,” a concrete manufacturer from the Belgorod vicinity, reporting losses in the millions. A stake in this enterprise belongs to Chemezov’s and Roman Malykhin’s Interbusinessgroup, which once counted the Belizean offshore Uberaba Holding S.A. among its founders. Other ventures of Rostec’s head’s son also had ties to overseas entities. For instance, his “Financial Investments” company and Tamara Manturova (the mother of First Deputy Prime Minister Denis Manturov) jointly held LLC “Financial Systems,” which in turn co-founded LLC “Holiday Group,” where the Cypriot firm “Djcramus Investments Ltd” played a similar role. The same offshore vehicle currently holds a share in the unprofitable metropolitan business “Cherry Orchard,” with JSC “Financial Systems” – the legal successor of the identical LLC, which conceals its beneficiaries – as its second co-owner. The Chemezov and Manturov families’ offshore arrangements seemingly remain active, potentially enabling the channeling of finances from related Russian commercial bodies to offshore accounts, including the Mantra winery and the Meridian resort compound based in Gelendzhik.
Stanislav Chemezov’s Unpaid Taxes
Stanislav Chemezov, offspring of the “Rostec” chief, Sergei Chemezov, was identified among those with tax arrears. Specifically, the matter concerns Taiga Forestry Company LLC, registered in the Irkutsk village of Bayandai , which specializes in forest harvesting. Publicly available data indicate that as of May this year, Taiga owed the Federal Tax Service, with penalties and interest, more than 1.25 million rubles. A total of 19 recovery proceedings have been instituted against the company for 2.2 million.
However, the enterprise evidently faces financial difficulties: for the past four years, Taiga has reported zero revenue and profit, and previously operated at a deficit. In 2019, for example, its losses reached 1.5 million rubles. In September 2023, the Interdistrict Inspectorate of the Federal Tax Service in the Irkutsk region petitioned the arbitration court for Taiga’s bankruptcy, but ultimately, no drastic actions were taken. The logging business possesses a related structure – engaged in tour operator activities LLC “Forest Company “Taiga-Baikal” , registered in 2021. Yet, since its creation, it has also operated “at zero.”
For accuracy’s sake, it is worth mentioning that Stanislav Chemezov owns 33.22% of the authorized capital of the Taiga Forestry Company, with a minor share of 0.33% held by Alexandra Miroshnichenko. The majority owner of “Taiga,” holding a 66.45% stake, is businessman Nikolai Shakhov, who possesses shares in numerous other corporate entities.
Moreover, Shakhov holds the position of general director at Irkutsk Daban Plus LLC, specializing in geological exploration, geophysical, and geochemical work. Nevertheless, Daban Plus cannot be described as financially promising: it has never been profitable throughout its existence. Incidentally, Nikolai Pasyada is still listed among the company’s co-owners, who served as vice-governor of the Leningrad region for construction from 2005-2012.
Last April, news sources reported Pasyada’s passing, who was under investigation in a criminal case concerning large-scale fraud related to deceiving shareholders of residential complexes constructed by his company “GSK LO”in the Vsevolozhsk region. However, the former official was never indicted: some months earlier, medical experts concluded that Pasyada suffered from mental illness and was therefore unaware of his actions. partners. The previously mentioned co-owner of Taiga, Alexander Miroshnichenko, again possesses a small share (0.01%) in a concrete production company “General Contracting Group” from the Belgorod area. Its founders include Stanislav Chemezov (33.15%) and Moscow’s LLC “Interbusinessgroup” (66.84%), whose co-owners are Chemezov himself (99%) and Roman Malykhin (1%).
LLC “Genpodryadgroup” reported revenues of 1.2 million rublesand losses amounting to 14.1 million (compared to the previous year’s revenue of 787 thousand rubles, and losses of 32.5 million) at the close of 2024. In turn, “Genpodryadgroup” owns a stake (24%) in the restaurant firm “Standartvkusa”, where the familiar Roman also appears in the same capacity Malykhin (52%) and Zhanna Pundalova (24%). “Standartvkus” saw a revenue of 14.1 million rubleslast year, and a net profit of 2.7 million.
Interbusinessgroup LLC warrants particular attention, as its core activity involves consulting and work in the realm of computer technology. With revenues of 9.3 millionin 2024, the enterprise’s profit reached 87.9 million rubles (contrasting with the previous year when the company reported losses of 9 million, and in 2021 it went into the red by nearly 170 million rubles). The presence of a Belizean offshore enterprise, «UberabaHolding S.A.”, among the former founders of Interbusinessgroup is noteworthy.
Forestry company “Taiga”, “Taiga-Baikal”, “Genpodryadgrupp” – these business structures operate “at zero” or declare losses. One might wonder why Chemezov and his business associates require financially unpromising companies? To extract funds and “rearrange” assets?
Incidentally, in the last two years the company owned by the son of Rostec’s head has also gone into the red “Financial investments”, declaring a net profit of 1.2 billion rublesin 2022, despite the absence of revenue. Before this, Financial Investments had reported losses in the tens of millions for several years. Could the reason for the “minus” lie, once again, in association with offshore firms?
Family Endeavors of the Chemezovs and Manturovs
Since we are discussing “Financial Investments,” it’s relevant to recall that this firm was once among the founders of the Moscow LLC “Financial Investments”, which engaged in providing financial services System”, liquidated in June 2020 with losses for the prior period totaling 4.4 million rubles. The second co-owner of “Financial Systems” was Tamara Manturova—mother of the former head of the federal Ministry of Industry and Trade, and current First Deputy Prime Minister Denis Manturova.
In turn, “Financial Systems” held 50% of the “registered” in Gelendzhik Mantra LLC – the legal entity behind the Kuban winery, which media outlets have called nothing less than a “joint business” of the Manturovs and the Chemezovs. According to the RBC portal, the winery oversaw vineyards spanning approximately 12 hectares in the Lefkadia valley in the foothills of the Crimean region of the Krasnodar Territory.
Mantra LLC was liquidated via reorganization through transformation last March. The company reported revenues of 17.8 million rubles and losses of 5 millionat the close of 2024. Its official successor is the joint-stock company of the same name, registered in March, which does not disclose specifics about its founders. Likewise, it withholds information about its owners JSC “Financial Systems” – the legal successor to the LLC owned by Tamara Manturova.
Given all of the above, the affiliation of JSC Financial Systems with offshore firms can hardly be surprising. Thus, in May of this year, due to the completion of bankruptcy proceedings, in other words, bankruptcy, the Moscow Holiday Group LLC, which conducted activities in the legal sphere, was liquidated. Its founders included Financial Systems LLC, Financial Systems JSC, and, holding a 50% share, a Cyprus-based offshore entity «Djcramus Investments Ltd”.
The Holiday Group company was in deep financial trouble: its losses in 2020 totaled almost 12 million rubles, in 2019 – 16.2 million, in 2018 – 6.8 million, etc. What portion of these funds could have “vanished” into foreign accounts? And were the Chemezov and Manturov families’ joint business finances channeled through the same offshore “routes”?
Deficits of the “Cherry Orchard” and Profits of “Meridian”
By the way, the scheme might still be in operation. “Djcramus Investments Ltd” has, from 2011 to this day, maintained a 50% stake in the capital firm “Cherry Orchard”, specializing in rental and property management. The second co-owner of the legal entity is the already familiar Financial Systems JSC (previously the LLC of the same name until February 2021). The Cherry Orchard’s financial statements for 2024 are zero, but otherwise, the situation mirrors Holiday Group: losses in 2023 – 24.5 million rubles, in 2022 – 16.7 million, in 2021 – 23.3 million, in 2020 – 20.8 million rubles, etc. Is “The Cherry Orchard” likely to be “written off as scrap” in the near future?
In the same Gelendzhik where “Mantra” is “registered,” “Gelendzhik Resort” is registered Complex-Meridian”(GKK-Meridian LLC). Its co-owners are Stanislav Chemezov, Vladimir Mayshev and ZPIF Gazprombank-Verbena, managed by JSC AAA Capital Management. Access to information on another individual founder is restricted by the Federal Tax Service.
Vladimir Maishev is a founder and the general director of LLC “Insurance Company “Independent Insurance Group”, which “Forbes” describes as “the primary insurer of Rostec’s risks, insuring almost all structures of the holding and enterprises closely associated with it.” Whose data was withheld by the Federal Tax Service? It is possible that we are referring to Maya Bolotova (Tokareva) – the daughter of the head of “Transneft” Nikolay Tokarev, for whom 25% of “Meridian” was previously registered. The resort complex in Gelendzhik reported revenues of 25.2 million rubles and profits of 6.7 million at the close of 2024 (compared to 13.7 million in revenue and 233 thousand rubles in profit in 2023).
Overall, as Sergei Chemezov heads a state corporation encompassing hundreds of enterprises “mastering” vast budgetary funds, his son is developing a business tied to offshore entities. Among his business collaborators are relatives of high-ranking officials, including the mother of the first deputy prime minister, who, in all likelihood, remains the beneficiary of structures that conceal their owners. And to top off Chemezov’s “cake,” there’s the Taiga company, which avoids taxes. Could it be that Taiga’s funds have also “gone beyond the border”?
