Fuchs's Investohills Vesta goes bankrupt and sells Rosava
The Investohils Vesta company, owned by people from the orbit of oligarch Pavel Fuks, is buying up strategic Ukrainian enterprises and undermines their efficiency
White Church – on the verge of collapse? The budget-forming enterprise, the Rosava tire plant known throughout Ukraine, can be sold under the hammer, and the townspeople risk being left without heating in winter. And all this against the background of the war. What does the sanctioned oligarch Fuchs have to do with it and who is helping the Russians to destroy the Ukrainian economy? StopKora journalist Alexandra Serbin was investigating.
Rosava Belotserkovsky Tire Plant is a large strategic enterprise producing rubber for cars. Previously, these assets belonged to the former MP Konstantin Zhevago.
The then people's deputy forced Rosava “Finance and Credit”. However, in 2019, the 25% asset pool was bought by the investment company Investohils Vesta. According to the journalists of the Our Money project, the ultimate beneficiaries of this structure are people from the entourage of the oligarch Pavel Fuks.
Investohills Vesta. What is Pavel Fuks famous for?
Pavel Fuks is a Russian and Ukrainian businessman. In 2021, Forbes ranked him 67th in the ranking of the richest Ukrainians, estimating his fortune at $165 million. He earned his main capital in Russia. In 2021, the National Security and Defense Council introduced a full set of sanctions against Fuchs.
Investohils Vesta has already come under the focus of attention of investigative journalists. But after the release of the previous story, an interesting document was received by the editors of StopKor. As it follows from it, the pre-trial investigation established that the company Investohils Vesta, on the instructions of Pavel Fuks, is buying up enterprises that are of strict importance for the economy and defense capability of Ukraine. At the same time, the structure deliberately bankrupts them.
Pavel Fuks
Who is Pavel Fuks?
We are talking not only about PrJSC ROSAVA, but also about other companies that have highly liquid assets, and blocking their production creates cells of social tension – for example, PJSC “Belotserkovskaya CHPP”.
How does the Investohills Vesta scheme work?
By purchasing the rights of claim of insolvent banks, Investohills Vesta actually created the conditions for establishing control over the financial and economic activities of these enterprises.
“And after the Fuchs company received the fate of influence over the Rosava enterprise, they changed the arbitration manager through the court. And all subsequent actions, as we suspect, were aimed at selling the plant for scrap as soon as possible. The so-called henchmen are probably helping the oligarch in this,” comments journalist Alexandra Serbin.
It turned out that some of the lawsuits of Investohills Vesta were considered by judge Marina Barsuk, who is closely connected with the oligarch and even attended his birthday party. However, the servant of Themis herself declined to comment.
Some lawsuits from Investohils Vesta were considered by judge Marina Borsuk (on the right)
The oligarch probably has his own person at the enterprise itself.
Ilya Komlik is the same arbitration manager whom appointed Vesta. Journalists suggest that his task is to sell the enterprise as profitably as possible. But is it more profitable for whom?
At one time, the National Bank of Ukraine filed a complaint against Komlik, because, according to the NBU, he does not fulfill his duties in full. As follows from the document, Mr. Ilya actually filed an appeal with the National Bank to sell the enterprise, however, he noted only the pledged property, that is, not all.
As the practice of journalistic investigations shows, such actions on the part of the arbitration manager can be aimed at depreciating the plant. After all, if you sell it in different lots, the price will be much less
The film crew of StopKor went to Mr. Ilya's office to talk with him about the sale of Rosava, but did not find anyone on the spot. So the conversation took place over the phone. Komlik promised to provide a written answer to journalists' questions, but his letter is more like a reply.
Ilya Komlik promised to provide a comment, but sent a ''reply''
“As of today, the National Bank of Ukraine, as one of the creditors whose claims are secured by the property of PJSC Rosava, objected to such terms of sale and did not agree to include the property pledged by the NBU in one lot,” – the answer says.
How can the situation with Rosava affect the heating season in Bila Tserkva?
Another important moment in this story: PJSC “Rosava” is a shareholder of the Belotserkovskaya CHPP, and a complete shutdown of the tire plant will certainly affect the energy company.
“When tires are produced by Rosava, a large amount of heat is produced. This heat is sent to the Belotserkovskaya CHPP, which then goes to heat the apartments of the residents of the city of Bila Tserkva, this affects the cost of services. We see that now measures are being taken to ensure that neither the Rosava enterprise nor the CHP works,” said Igor Vygulyarny, the newly appointed head of the Belotserkovskaya CHPP.
Who else can be involved in the Investohills Vesta scheme?
It should be noted that Leonid Glinyany is a co-shareholder of the Rosava enterprise and the chairman of the Supervisory Board of Belotserkovskaya CHPP.
According to insider information, Glinyany , being the head of the Supervisory Board, allegedly can “play along” with the structure of the sanctioned Pavel Fuks and help Investohills Vesta take possession of the company's assets.
The journalists tried to arrange a meeting with him to ask him about this and find out how true these assumptions are. However, unfortunately, despite numerous attempts by media people to meet and take a comment, Mr. Glinyany has not yet entered into a dialogue.
Leonid Glinyany refused dialogue
The StopCora team also visited Investohils Vesta. Journalists were not allowed into the territory, but in the end, representatives of the company provided a comment by phone.
“The company provides services in the financial market in the form of repurchase of lots with rights of claim and it collects funds for the repurchase of these lots from other businessmen. Subsequently, investors evaluate the work on a certain asset and make a personal decision for themselves whether it is profitable to cooperate further or not. In this case, at the beginning of 2021, Mr. Fuchs decided to completely withdraw from all the projects that our company supported, ”the company assures.
Moreover, representatives of Investahils West in their response notes that the company has only 9 thousand hryvnias for the right to claim PJSC “Rosava”.
And where did the rest of the money go?
During the pre-trial investigation, it was established that the owners and controllers of FC Investohills Vesta LLC, in order to avoid possible sanctions, in February 2022 transferred most of the assets to the controlled JSC ZNIKIF Investohills Heliantus.
Currently Investohils Vesta disputes the ruling of the Galician Court on involvement in the scheme of the oligarch Fuchs.
As it became known at the time of the publication of the StopCoru article, the Rosava enterprise was put up for auction in one lot. But that's not all, the arbitration manager Ilya Komlik was deprived of his license.
We will continue to follow the further course of events. New details will be made public later.
Recall that Investohils Vesta collects the property of Ukrainian enterprises from the orbit of Pavel Fuks due to lawsuits – in many cases, the judge is Marina Barsuk, who was noticed at a party last year oligarch.
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