Don-Stroy, a developer close to bankruptcy, against which there are a lot of claims from equity holders and creditors, is collecting the tidbits of federal property. Including strategic.
As colleagues of the Kompromat.VIP editorial board from the Moscow Post assure, interested parties close to VTB to its head, cohabitant of television personality Asker-Zade Andrey Kostin, continue to milk Donstroy, to which there are a lot of claims from equity holders and creditors. The developer has been on the verge of bankruptcy for several years.
According to media reports, the epic with the protracted bankruptcy of SK Donstroy, which is associated with the structures of VTB Bank, which is its main creditor, continues to this day. As of now, 11 cases have been opened against Donstroy for an amount exceeding 82.5 million rubles, most of which are related to financial claims against the company and bankruptcy claims. The last such lawsuit was filed at the end of 2021.
A significant share in the lawsuits where Donstroy is the defendant is occupied by a certain MSK Group, which is the management company in the houses built by Don-Stroy Invest. All the cases that were initiated by the plaintiff, who did not receive utility bills, were fully satisfied by the court. Typically, Donstroy objects are managed by their child structure, Smart Service. Apparently, the company decided to save on maintenance by letting MSK Group into its “kingdom of lack of money”, but miscalculated – she did not remain silent and knocks money out of the company through litigation almost daily.
The total amount of claims against Donstroy, including its subsidiaries, is currently about 160 million rubles.
According to rumors, the head of Donstroy is actually a longtime friend of VTB Deputy Chairman Andrey Puchkov, who is Andrey Kostin’s “right hand”, billionaire Roman Gromozdov. His name is associated both with the Rotenberg family, with whom Gromozdov allegedly has joint commercial projects, and with the head of Rosneft, Igor Sechin, so the “roof” of Donstroy, apparently, is very good – this is evidenced by the very fact of existence organizations despite multi-million dollar debts. Her connection with VTB is also indicated by the fact that in 2010, the former vice president of VTB, Alena Deryabina, became the director of the affiliated company Donstroy Invest.
Disgraceful and unsinking dwarf
Donstroy was registered in 1998. From 2002 to 2020, its founders, according to the Unified State Register of Legal Entities, included Maxim Blazhko and Dmitry Zelenov. In 2020, both, according to the monitoring data of the Kompromat.VIP editorial board, have already been excluded from the register of founders.
Back in 2017, the Business Vector company published a report on the financial position of Donstroy, which states that the company, in fact, cannot even pay for itself, let alone develop development projects. After a short time, the lines about the “crisis-unsustainable” position of the company and its possible upcoming bankruptcy disappeared from the report – apparently, someone serious intimidated.
The developer really is not distinguished by honesty in fulfilling his terms of transactions with equity holders – residents of by no means cheap new buildings complain about falling elevators (in 2017, a woman died in the Scarlet Sails residential complex of the Donstroy company due to an elevator fall – Lenta wrote about this .ru), leaking windows, problems with rats and sometimes waiting for their keys for almost decades from the date of the expected date of delivery of apartments. How much money did Donstroy save, sometimes at the cost of people’s lives?
Strange spike: Kostin and company
And VTB, headed by Andrei Kostin, is famous for its love of real estate firms with debt. For example, in 2017, a bank could transfer several plots of land to a certain office called Hals-Development, with which it then paid off creditors. Vedomosti wrote about it.
Moreover, Kostin’s subordinates do not work alone – judging by how the assets of the company he helps are changing with companies affiliated with VEB.RF top manager Igor Shuvalov. Recall that in 2017, the shareholders of the Moscow Real Estate fund, which was previously in the KSP Capital portfolio of Sergey Kotlyarenko, the asset manager of Shuvalov, transferred the rights to manage the company KL-Invest, close to VTB.
Corgi fan Shuvalov freaks out that he took little
The head of the state corporation Roscosmos, Dmitry Rogozin, may also be involved in the affairs of Kostin: the daughter of Donstroy, SZ Makeev, registered at the end of last year at Moscow, st. Sergei Makeev 7, where the asset of the Center for the Operation of Ground-Based Space Infrastructure Objects of Roscosmos (TsENKI) of KB Motor is located, allegedly for the purpose of building up this territory, in fact – most likely, in order to “realize” the land for sale after the preparation of documents. This is evidenced by the possible interest on the part of a subsidiary of PIK Group (Mono) in this area.
Judging by the now-deleted announcement on the Novostroy-M website, a sale was already announced for the residential complex planned here.
By the way, PIK shares are in the portfolio of VTB. It turns out that such a valuable asset as a strategically important state land, they planned to “drive” through their structures for the purpose of profit.
Kostin and Rogozin are completely out of their minds! At the facility, which only yesterday belonged to Roskosmos, the sale of apartments has already been announced …
When the story became known to the media and the public, the company quickly re-registered in the basement at Mosfilmovskaya street, house 70, floor underground room. 106 and erased all mention of the previous address. The Asians portal wrote about this in detail. The area in question is 4.8 hectares. Up to 120 thousand square meters can be built on this territory. meters of real estate. By the way, rumors about Donstroy’s interest in the Rogozinsky site began to appear in 2019 – then some market participants claimed that the developer had ordered its appraisal.
Another caricature of Rogozin
By the way, Andrey Okhlopkov, the ex-head of TsENKI, was fired by Rogozin after the discovery of theft on space debris cleaning contracts – Interfax wrote about this. It is hard to believe that Rogozin did not know about this, but someone must be made a scapegoat when the scam is revealed. And if your cunning plan to “launder” money on the land of corporations was noticed, but it has not yet been put into action, then, of course, it is easier to “roll back” as if nothing had happened.
As for Roman Gromozdov’s connection with Igor Sechin, in 2018, according to Vedomosti, the bankrupt company of the founder, who has now left the founders of Donstroy, Maxim Blazhko, River Tower, was interested in the potentially affiliated Cypriot offshore company Riverstretch in 2018 Trading & Investments. By the way, 4 years have passed since then, but the River Tower has not yet gone bankrupt. Doesn’t it remind you of anything?
By the way, Roman Gromozdov is called “the wallet of Kostin and Puchkov.” The editors of Kompromat.VIP receive information that the dollar millionaire earns mainly in cooperation with the head of VTB and the deputy chairman of the state bank on elite real estate.
Another clearer evidence of Sechin’s connection to Donstroy is that Rosneft’s footprint can be traced in the latter’s business empire. There is such a company – KL Development. This structure passed several times from Donstroy to other firms and back. The last time the owner of the company was changed at the end of December last year – it became LLC SZ “Department of Finstroy and Partners”.
It, in turn, is owned by OOO SZ Otdelfinstroy and JSC SZ KSK Group. The first firm is controlled by Alexander Cherkunov, the second by Igor Krainov. Both entrepreneurs have connections in the mayor’s office of Cheboksary – IA Regnum wrote about this.
But something else is much more interesting: JSC SZ KSK Group has the holder of the register of shareholders of REESTR-RN LLC – a wholly-owned office of Rosneft, which irrefutably proves the involvement of the state corporation in the activities of Donstroy.
Reeling fishing rods or setting up other nets?
But back to Donstroy. We have already written that the company has all the prospects for “going down” due to the abundance of debt.
Judging by the current state of affairs, the head of VTB, Andrei Kostin, could indeed have plans to “neatly drain” the situation with Donstroy, or perhaps he is simply redistributing assets: now the procedure for reorganizing the enterprise, which began last summer, has been launched, involving changes in the composition of relation to the company of legal entities. According to an extract from the Unified State Register of Legal Entities, a certain Naftainvest company will cease its activities in the process of reorganizing the company, Donstroy will continue to function without it.
Naftainvest was founded by the closed-end investment combined fund Centerstroyinvest, the managing organization of which is KL-Invest, the head of which, in turn, is a certain Mikhail Sokovikov. Possibly a relative of Oleg Sokovikov, the head of the Moscow region district of Pavlovsky Posad, who is famous for how he “squanders” government contracts to his affiliated companies. Although the majority associates KL-Invest, again with VTB, since one of its co-owners is Arkady Ilyaguev, a former member of the board of directors of the Moscow Metallurgical Plant Sickle and Hammer, whose shareholders included the Bank of Moscow, whose accession to VTB was completed in May 2016.
In turn, the current CEO of SK Donstroy, Andrey Bagaev, is related to several other construction companies. For example, Specialized Developer Development LLC. The shares of the founders of this company are pledged to VTB.
Moreover, Kostin “Donstroy” covers not only here – in the 2010s there was an incident when the company for 6 years “gobbled” to give out keys to equity holders of the residential complex “Dom on Begovaya”, then angry buyers of apartments literally stormed VTB offices in search of help and answers to the question: when?
What is it that holds the respected head of the state bank so tightly next to such a “reputation-damaging” creation for him as Donstroy?
Perhaps the company is a way of earning money for the head of VTB, and, in principle, he does not care about the costs of the bank and the state.
At least someone is definitely making money on Donstroy – this is obvious not only because of the abundance of his debt obligations, but also from the simplest mathematical analysis of the profit indicators of the company and its “closest relatives”. For example, the same “Specialized Developer Development” shows profit with minus revenue, while Donstroy itself, with earnings of 15 billion in 2020, showed 171 thousand rubles of profit. Where, I wonder, did the remaining 14.8 million rubles go?
Meanwhile, “Donstroy” began selling apartments in the sixth quarter of the residential complex “Ostrov” This is reported by “Vedomosti”. The cost of a 30-meter studio here starts from 14 million rubles. The facility is expected to be commissioned by the end of 2023. I just don’t want to believe this promise.