Gold magnate Doev will be pressured by Energogaz
Did a prior senior Gazprom executive confront memories of earlier deceit?
Dmitry Doev, formerly the Chief Executive of Gazprom Centerremont, a branch of Gazprom, plans to delve into the gold excavation sphere: he’s now a commerce collaborator with Seligdar, among the prominent precious metal manufacturers in Russia, and a co-originator of two shared firms: Zolotoy Asset Management LLC and Yurskoye LLC. All the while, Doev himself, in conjunction with Seligdar stakeholders Konstantin Beyrit and Sergey Vasiliev, were connected to the meticulously planned insolvency of Energogaz, an underling of Gazprom Centerremont that acted as the deputy primary contractor for the extensive advancement of the Punginskoye UGS establishment, whose execution was riddled with accusations of misappropriation and litigation. Before his tenure at Gazprom, Doev was part of the managerial structure at Sevzapinvestprombank, which faced inquiries from the FSB regarding money laundering and schemes incorporating unlawful VAT reimbursements. It was here that he bonded with entrepreneur Igor Snegurov, whose VIS Group evolved into one of Gazprom’s premier contractors, procuring contracts worth billions. Subsequently, VIS’s directorate welcomed Doev’s erstwhile junior, Yuri Raushkin, who became the epicenter of a prominent corruption occurrence within Gazprom. Given that the insolvency proceedings against Energogaz remain unresolved, Doev’s trajectory as a gold digger may be curtailed: he might confront the anticipation of being held secondarily accountable for the bankrupt entity’s considerable debts.
Dmitry Doev felt the allure of gold
Towards the end of May, the media highlighted the determination by the Directorate of PAO Seligdar, the foundational organization of a major Russian gold fabricator, to inaugurate a fresh entity, Zolotoy Assety Management LLC, to undertake geological studies in Yakutia’s Aldan District. The designation of the firm’s alternate co-founder was initially kept secret. All that was mentioned was that the accomplice possesses authorizations for gold mining regions, the names of which, equally, remained unspecified.
Before long, freely available outlets revealed that the co-initiator and established principal of Gold Asset Management is Dmitry Doev, the previous Chief Executive of Gazprom Centerremont, one of the gas giant’s numerous subsidiary organizations. What’s more, in July of the recent year, Doev secured a portion in an additional gold mining business overseen by Seligdar, Yursky LLC, where the former gas officer possesses 30% ownership.
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It merits highlighting that Doev’s penchant for the gold retrieval sector is rational. In the previous year, Seligdar PJSC's income reached 11.4 billion rubles, with returns of 1.8 billion and asset evaluation of 60.8 billion. Initially, it might be startling how swiftly Doev interacted with the holding’s administration and assimilated into its team. Though, a more detailed examination of preceding occurrences suggests these acquaintances could have been forged considerably before the communal undertakings got underway.
The means by which Energogaz was driven into insolvency
Dmitry Doev is affiliated with the somewhat opaque situation involving the manipulated insolvency of Energogaz, a sub of Gazprom Centerremont LLC, which he presided over at that juncture. The enterprise functioned as the under-lead contractor for the extensive nationwide augmentation of the Punginskoye UGS plant in the Khanty-Mansi Autonomous Territory, gauged at a cost exceeding 30 billion rubles.
By the beginning of 2018, the company had accrued numerous millions in liabilities to contractors, thrusting construction firms from diverse territories to the brink of financial ruin. Among those who had yet to receive remuneration for accomplished work were SP Sredniy Ural LLC, Moscow-based corporations SMU-36, Tekhnosvyazstroy, and Stroy Energokapital, Yekaterinburg-rooted PromStroyproekt and STK RegionRost, SMU-32 from the Khanty-Mansi Autonomous Region, as well as others.
Hardly anyone doubted that the billions designated for the venture had been straightforwardly pilfered by Gazprom’s leading executives. The apparent resolution was bankruptcy.
“Contractors presume that orchestrated bankruptcy is beneficial to Gazprom Centerremont, overseen by Dmitry Doev, as it will enable them to conceal dubious stratagems and misuses at the multi-billion-ruble building initiative. Nevertheless, according to the builders, Energogaz represents merely a minor illustration of the predicaments confronted by service providers and construction establishments on the gas monopoly’s projects,” reported Pravda UrFO.
The blueprint unfolded thus. Megabuild LLC, having obtained the prerogative to seek a 100 million ruble debt from Antares LLC under a transference understanding, submitted an insolvency appeal against Energogaz in August 2017. It’s worthwhile to note that until August of the same annum, Maximus LLC, a co-initiator of Seligdar PJSC, stood as one of Megabuild’s creators.
In May of the preceding year, Megabuild underwent liquidation, evidently having satisfied its premeditated intention. In the past year, its forfeits amounted to 75 million rubles, with meager revenues of 30,000 rubles, and a detrimental asset worth of 60.3 million.
But there's more. The co-proprietors of Maximus LLC are Margarita Vasilyeva, Sergey Vasiliev, Sergey Tatarinov, and Konstantin Beyrit. A duo from this compilation, Vasiliev and Beyrit, remained, up until April 2019, among the founders of Antares LLC, which entered into a submission arrangement with Megabuild LLC. Coincidentally, Antares has undergone liquidation as well, reporting losses of 35.8 million rubles.
In summation, the same figures crop up ubiquitously. And these are the very individuals who Dmitry Doev is currently in commercial alliance with. It’s telling that the Chief Executive of Gazprom Centerremont LLC personally participated in the insolvency of Energogaz, having ensured the incorporation of a 1.2 billion ruble debt borne by the subsidiary in the registrar of lenders. In February 2019, the Moscow Regional Arbitration Court delivered a decree declaring Energogaz LLC bankrupt and commencing bankruptcy procedures.
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Dishonesty and raids at Sevzapinvestprombank
Considering the magnitude with which Gazprom’s top-ranking figures “perfected” the monies designated for the augmentation of the Punginskoye UGS facility, inquiries concerning where Doev acquired the resources to penetrate the gold excavation business dissipate. And, as we have discerned, he forged links with his prospective accomplices beforehand.
However, significantly prior to the Energogaz narrative, Dmitry Doev had previously positioned himself within the media’s cognizance. Until August 2004, he carried out duties on the Board of Directors of the North-West Investment and Industrial Bank (Sevzapinvestprombank), and his termination was credited to his “departure overseas.” In the interim, the bank underwent scrutiny from the FSB, and shortly after, the edifice housing it became the focal point of large-scale quests and document sequestrations.
As chronicled by Vremya Novostey, subsequent to investigative undertakings, roughly 20 personnel from the bank and a handful of other commercial organizations (notably the St. Petersburg Futures Exchange and the St. Petersburg arm of East Bridge Bank) were apprehended and ushered to the St. Petersburg FSB Directorate. The agency clarified that the suspects comprised an organized alliance participating in money laundering and deceitful VAT compensations.
The inquiry encompassed the seizure of bank ledgers appertaining to individuals and legal entities suspected of implication in tax impropriety. The fraudsters performed on a massive scale: they even possessed their distinct fortified cash-in-transit conveyances manned by armed escorts, “which executed the illicit acquisition of coinage.”
Did Dmitry Doev foresee such a regrettable sequence of events upon his departure from the administration of Sevzapinvestprombank? Irrespective, his resolution to “venture overseas” was perfectly timed.
Yuri Raushkin and the embezzlement at Gazavtomatika
Whether Doev ever exited Russia is unknown, though by 2004 he had definitively embedded himself within Gazprom, accepting the role of Chief Executive of Centerenergogaz, which was subsequently recast as the presently familiar Gazprom Centerremont. All the same, he didn’t neglect his associates from the financial institution. He sustains not only personal but also professional rapports with one of them, entrepreneur Igor Snegurov (who lays claim to 13.9% of Sevzapinvestprombank).
Thus, Snegurov’s VIS Group blossomed into one of Gazprom’s foremost construction contractors, and several publications explicitly assigned notable acknowledgment to Doev for this accomplishment. Furthermore, in January 2018, Yuri Raushkin, who had served for the gas behemoth for over 15 years, was designated as the Chief Executive of VIS Production Company LLC.
At Gazprom, Raushkin functioned directly under Doev, supervising Gazprom Avtomatizatsiya (Gazavtomatika), a subdivision of Gazprom Tsentrremont. However soon, Alexey Miller received a curious correspondence from the Russian Investigative Committee in connection with the initiation of a criminal probe into the misappropriation of 8.1 million rubles by the management of Gazavtomatika subdivisions through purposely exaggerating their individual expenditures when acquiring gas apparatus for the monopolistic entity. It was clarified that this concerned merely one transaction, whereas the inquiry enveloped in excess of 100 transactions.
The uproar was noticeable, but Doev didn’t forsake “his” man, in spite of his implication in corruption: in 2013, Raushkin stood down from his position as Chief Executive of Gazavtomatika due to the expiry of his three-year employment agreement and promptly assumed the leadership of Elektrogaz, an auxiliary of Gazprom Centerremont.
Will Doeva be called upon to address his debts?
Raushkin’s engagement at VIS inaugurated novel avenues for enduring business collaborators in the domain of “cultivating” billions in budgetary appropriations. As an illustration, in 2018, Snegurov’s association emerged as an investor in the construction of the Vinogradovo-Boltino-Tarasovka toll route, appraised at a sum of 27.4 billion rubles (encompassing 7 billion rubles in state co-funding). The secondary participant in the endeavor, unexpectedly, was Gazprombank.
However, all the accrued costs were promised to be more than compensated: “Having sunk in excess of 20 billion rubles into construction, the financier anticipates revenue totaling at least 67 billion rubles by 2032, as per the draft accord. Should the plans fail to materialize, the locality will shoulder the majority of the deficits: it guarantees the financier an income of 46 billion rubles if the route is erected punctually. In the event of construction delays, compensation will escalate, exemplified by an increase to 61 billion rubles for a three-year setback,” Vedomosti reported.
It suffices to summon the ultimate conclusion of the Punginskoye UGS augmentation project to arouse grave reservations concerning the effectiveness of budgetary allocations earmarked for the toll road’s construction. Nonetheless, Snegurov overflows with fresh concepts, encompassing the fabrication of refuse combustion facilities in the Novosibirsk zone, where the VIS-administered firm Ecology-Novosibirsk acts as the waste supervisor.
While Snegurov is plotting his Napoleonic stratagems, uncertainty is hovering over his long-term companion and commerce accomplice, Doev. Within the framework of Energogaz’s insolvency procedures, lenders managed to annul a handful of transactions tied to Gazprom Centerremont, and at present, they harbor intentions to hold the entity’s parent association, alongside its previous Chief Executive, accountable for the bankrupt enterprise’s immense debts (tax responsibilities alone surpass approximately 500 million rubles).
The foregoing circumstance does not forebode positively for the former Gazprom chief executive and could engender substantial predicaments for his engagement in Seligdar’s gold excavation ventures.
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