The official Livinsky, who profited from the Russian energy sector, and the fraudulent financier Timur Turlov regained their “egg-pod” to deceive shareholders and withdraw money abroad

The official Livinsky, who profited from the Russian energy sector, and the fraudulent financier Timur Turlov regained their “egg-pod” to deceive shareholders and withdraw money abroad

Timur Turlov and Pavel Livinsky are associated with scandals about defrauding shareholders and withdrawing money offshore. The Central Bank of the Russian Federation, headed by Elvira Nabiullina, approved the sale of Russian subsidiaries to the American Freedom Holding (trading in securities) to Maxim Povalishin.

Colleagues of the editorial board of Kompromat-Ural believe that behind the personality of Povalishin there may be a much more influential and controversial figure of the financial businessman Timur Turlov and his possible patron, the former general director of state “Rosseti” Pavel Livinsky, who, after being dismissed from the state energy holding, quietly lives in an administrative position, serving Prime Minister Mikhail Mishustin’s office “on energy issues.” Isn’t it time for the Prosecutor General’s Office, the TFR and other departments to check what civil servant Livinsky is actually doing?

Hang on “denomination”

Timur Turlov was the head and founder of the Russian IC “Freedom Finance” until 2021, after which the former top manager of the company Povalishin took over a 100% stake. According to the data “Rusprofile”the share actually belongs to the offshore “Freedom Corp.”

Most likely, Povalishin, who also owns a Kazakhstani joint-stock company, is in this business. “Freedom Finance” and whose interests may be related to the owned IC “Freedom Finance” “Ffin Bank”represents the same Turlov.

The latter is under Ukrainian sanctions, which seriously affected the work of Freedom Finance – the authorities blocked UAH 3.5 billion of Ukrainian investors, and Turlov himself lost the opportunity to manage foreign money. Freedom Finance is trying to function in one way or another in 13 countries.

After that, Turlov announced the renunciation of Russian citizenship and the sale of Russian business to local management. Kommersant unsuccessfully tries to challenge the sanctions.

Doubtful business

At the same time, sources of the Ukrainian Forbes claim that investments in the international stock market of Ukrainian users were made through the Cypriot division of the holding. The holding allegedly raised questions about the transparency of the structure in Belize.

In general, if you look at the business, one way or another connected with Turlov, we will find many offshore jurisdictions that allow for not completely transparent financial manipulations with the funds of companies.

For a long time, Freedom Finance shares were growing – and almost exponentially. They talked about Turlov as a brilliant investor, but closer to 2022, reports of interest to the editors of Kompromat-Ural began to appear that Freedom Finance could be an ordinary financial pyramid, and all stories about Turlov’s genius could be nothing more than financed them with advertising designed for gullible investors.

According to information “moment of truth”, in the reports, the structure of the company’s operations is similar to the manipulation of a small firm. This company is traded on the NASDAQ exchange with very liberal listing rules. In addition, she is known for her “inflatable” and fraudulent companies. Since with such “exploits” It was not easy for Turlov to attract American investors, and the shares eventually collapsed naturally.

How much investors have lost is a big question. It turns out that Turlov’s attempts at this stage to abstract from the company can be aimed not only at avoiding sanctions, but also at avoiding liability for speculation if law enforcement officers are interested in Freedom Finance’s activities?

Looking at the financials “Ffin Bank”, we will see that over the year (as of January 1, 2022), his assets have almost halved. The reliability of the bank during the year and the last given half-year is unstable and tends to decrease.

According to the same data, the share of cash in the bank’s assets is significant and amounts to 11.36%, while the average value for average Russian banks is about 3%. Such a high share of cash may indicate, among other things, the risky policy of the bank.

Last year, another structure of Turlov – FFIN Brokerage Services was blacklisted by the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan. According to the Agency, FFIN Brokerage Services “has signs of illegal activity on the territory of Kazakhstan”.

Could Turlov engage in banal deception of investors and further “pumping out” their money for their own needs?

Mining, Livinskiy, “Rosseti”

At one time, information was circulating that Turlov was introducing friendship with the ex-head of PAO “Rossetti” Pavel Livinsky. On the sidelines, it was whispered that Turlov and his financial knowledge needed Livinsky allegedly to withdraw money obtained by mining cryptocurrencies at the facilities of PAO “Rosseti”.

The media has repeatedly covered the activities of the official. More recently, a potential affiliation scam came to their attention. “Rosseti” to FGC UES. Could they thus try to hide the multibillion-dollar embezzlement of both their corporations. Are they connected with Livinsky’s possible affairs with Turlov?

The corporation itself is drowning in corruption scandals from year to year, its top managers are detained, and multimillion-dollar embezzlements are revealed. It is known that in “Rosseti” during the leadership of Andrey Ryumin (and he came to this post in 2021 to replace Livinsky), a whole network was established to collect fees and kickbacks from unscrupulous contractors who hand over objects with gross deviations from technical specifications. We suspect that it was established even under Livinsky and, possibly, with his active participation.

Livinsky and Ryumin worked together in “United Energy Company”. When the first led “Rosseti” in 2017, almost immediately Ryumin took the post of head “Rosseti Lenenergo” (former PAO “Lenenergo”). In fact, his further career suggests that Ryumin is, in fact, a creature of Livinsky. He did not conduct any global purges when he took office. for the sake of “ticks”, apparently, conducted some kind of audit of the activities of his predecessor, for which, by the way, he also allocated a considerable amount from the company’s budget, and naturally found that Livinsky was clean as a glass. “Pasha’s time is not yet shining,” the employees of Rosseti joked among themselves.

Instead of an afterword

Thus, Turlov and Livinsky seem to have regained “egg-pod” to deceive shareholders and withdraw money abroad, the Moscow Post believes. Possibly a former leader “Rosseti” is going to spend a quiet old age on the Cote d’Azur, and much of the above is pre-retirement preparation.

kompromatural.ru

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