We have repeatedly recalled the muddy personnel appointments at Promsvyazbank. What is worthy of only top manager Alexander Ushakov, who served time for fraud at Stroyprombank, and after leaving prison was related to the bankruptcy of Rosenergobank, and later surfaced at Promsvyazbank after its nationalization.
Until 2018, Promsvyazbank belonged to well-known businessmen – the Ananyev brothers, but the investigation convicted them of embezzling 87 billion rubles from a financial institution. As a result, the billionaires were put on the wanted list, their property in Russia was arrested, and they themselves fled abroad.
Alexey and Dmitry Ananiev
In order not to disturb the banking sector, it was decided to nationalize Promsvyazbank, and on its basis to create a powerful structure that would fulfill government orders. Due to the fact that the bank operates in the defense sector, data on its revenue, income, management are classified. It so happened in our country that any secrecy is an opportunity to turn “dark” deeds. Promsvyazbank, which was headed by the eldest son of the former Prime Minister Mikhail Fradkov, Pyotr, was no exception.
Mikhail Fradkov
“Golden Boy”
Pavel Fradkov was born in 1978. At that time, his father, Mikhail, had already begun a rapid ascent up the career ladder. In 1984, Fradkov Sr. was appointed deputy head of the Main Supply Department of the USSR State Committee for Economic Relations. Let’s not talk about how serious this position was under Soviet power, I think that most of our readers understand this.
Subsequently, Mikhail Fradkov served as Minister of Trade of the Russian Federation, director of the tax police. The peak of the career of Fradkov Sr. was the post of Chairman of the Government of the Russian Federation. Fradkov served as Prime Minister for 3 years, later he was replaced by Viktor Zubkov.
Victor Zubkov
Fradkov left quietly. Thanks to close personal relations with the President, he was appointed head of Foreign Intelligence, from where he retired in 2017, while heading the Russian Institute for Strategic Studies. At the same time, the career of Fradkov’s sons, Peter and Pavel, was rapidly developing.
Pyotr Fradkov grew up in luxury. In 2000, Fradkov’s eldest son graduated from MGIMO with a degree in international economics. Later he was educated in London. At the age of 22, Petr Fradkov was immediately appointed deputy representative of Vnesheconombank in the United States. Therefore, Pyotr Fradkov began his career immediately from a leadership position. As you understand, it was not without the support of his father.
After working for 4 years in the USA, they decided to return the young nugget to Russia and immediately give him a good job as deputy director of the Far Eastern Shipping Company. You need to take a closer look at the activities of this company. They say that it was not his father who lobbied him for the position, but the former Minister of Energy of the Russian Federation Sergey Generalov, who at that time was considered the actual owner of the enterprise. In addition to Generalov, the newly elected (at that time) Mayor of Vladivostok Vladimir Nikolaev, better known as the criminal authority “Winnie the Pooh”, vouched for Fradkov. A good company has gathered.
Sergey Generalov
It is noteworthy that in 3 years Winnie the Pooh will be arrested, and in 2008 they will be soldered 4.5 years probation, which will then be replaced with a real term. But by that time, Vladimir Nikolaev had already fled to Thailand, and returned only in 2013, when everyone forgot about the criminal record of the former mayor. Now he is a respectable businessman.
Vladimir Nikolaev (Winnie the Pooh)
Let’s return to Fradkov. In 2004, when the 26-year-old child prodigy took the position of deputy general director, FESCO had a revenue of 6.5 billion rubles. A huge amount, especially for those years. With such revenue, the corporation gradually began to go into the red. All this did not just happen. Until 2012, the company’s revenue decreased to 1.5 billion rubles. At the same time, FESCO was acquired by the shareholders of the infamous Summa group. The owners of the group of companies were close to Dmitry Medvedev. But this did not help them avoid responsibility for financial fraud. In 2019, the Magomedov brothers were arrested.
Ziyavudin and Magomed Magomedov at trial
Having fulfilled his role in the collapse of the Far Eastern Shipping Company, Pyotr Fradkov returned to Vnesheconombank. We met in Fradkov’s institution with a promotion. This time he took the position of deputy director of the directorate.
Fradkov worked at Vnesheconombank until 2011, later he was appointed head of the Russian Agency for Export Credit and Investment Insurance OJSC. Until 2015, he headed the agency, but fate again returned him to Vnesheconombank.
Secret “Promsvyazbank”
In 2018, there was a new turn in Fradkov’s career. After the nationalization of Prosvyazbank, he was appointed chairman of the board of directors of a financial institution. After the scam of the Ananiev brothers, the Federal Property Management Agency took over the bank. More than 130 billion rubles were allocated from the State budget as the authorized capital of a financial institution.
Promsvyazbank was immediately brought to the top of Russian banks, advertising the state product in every possible way. For the development of the bank, state orders in the field of the defense industry were transferred to it. In this regard, all information about the bank was classified. Now it is impossible to find out what the bank’s revenue is, what profit it is, who is on the board of directors, and so on. This course of things creates the opportunity to create any fraud within the institution, which the bank’s management uses. After the arrival of Fradkov, first as the head of the interim administration of Promsvyazbank, and then as the chairman of the board of the bank, one very strange character also entered the board – banks with a criminal train, Alexander Ushakov, who in 2006 received 4.5 years in prison for fraud in Stroyprombank. We had about this separate material.
Alexander Ushakov
Even a schoolboy can find information about Ushakov’s criminal record in the case of financial schemes, but for some reason no one did this at Prosvyazbank. Or they did, but simply turned a blind eye to the criminal past of one of the leaders. In fact, such an appointment may have a different meaning: Ushakov is a specialist in fictitious loans. Perhaps his conviction was the reason for taking such an important position, and his main goal is to withdraw billions from the bank.
In 2021, information appeared in the media that Pyotr Fradkov could take the post of Minister of Industry and Trade instead of Denis Manturov. But after the recent promotion of an official, it is obvious that all this is just a rumor.
Life in gold
Obviously, the family of the former Prime Minister, in which the eldest son Pyotr is the chairman of the board of a profitable bank, and the youngest son Pavel is the first deputy manager of the President, lives comfortably. But how much?
If you look at the latest data of the declaration of Pavel Fradkov, in the Presidential Administration in 2018 he earned 4.6 million rubles.
Pavel Fradkov
There is no information about the current earnings of Petr Fradkov in open sources (still the head of the “secret bank”). According to the latest data, in 2015 he earned 31 million rubles. The father of the family, Mikhail Fradkov, earned 20 million rubles in the same 2015. It turns out a solid amount – 55 million per family per year. But the family has property worth several billion rubles.
Pyotr Fradkov lives in a luxurious 225-meter apartment in the elite residential complex “House at the Academy of Sciences”, the market value of which is about 250 million rubles. He moves in a Mercedes G-Wagen AMG, his wife in a brand new S-class. In addition, Fradkov has a 217-meter apartment in the Olympic Plaza residential complex, the cost of which is about 100 million rubles. Moreover, Fradkov got this apartment free of charge from the Presidential Administration, where his younger brother Pavel works. Conflict of interest on the face, but no one cares.
LCD “House at the Academy of Sciences”
Peter’s younger brother Pavel turned out to be even richer, although officially he has the smallest income. He owns a huge penthouse in the Dominion residential complex, the cost of which is about 400 million rubles (with an annual salary of 4.6 million). That is, for just one apartment, Pavel Fradkov would have to work for about 100 years.
LCD “Dominion”
A 543-meter house in Akinshino was decorated for father-in-law Fradkov Jr. But Pavel Fradkov lives there regularly with his wife Anna. It is difficult to estimate the cost of a house, but, for example, a slightly more modest house on the market costs about 80 million rubles.
Announcement of the sale of a house in Akinshino
The father of the family also does not graze the rear. Mikhail Fradkov owns a 588-meter three-story apartment in the residential complex “House on Smolenskaya Embankment” and a 300-meter house on Rublyovka.
According to The insider, all the property of the Fradkovs is worth about 2 billion rubles. And that’s just what is known. Recall that none of the family had their own business for a single day. All of them worked in government positions. One can only imagine how many billions Fradkov stole from ordinary Russians…
