Pavel Te
The State Committee for National Security (SCNS) of Kyrgyzstan, which in early March put on the wanted list the chairman of the board of directors of one of the largest Russian development companies Capital Group Pavla Cho, removed all suspicions from the businessman. This was reported by the local business publication Tazabek with reference to a statement by the State Committee for National Security.
Entrepreneur accused of financing an organized crime group and connections with thieves in law, in particular with Kamchy Asanbek (Kolbaev), who was killed during detention in Bishkek last October. Then the State Committee for National Security claimed that the Russian businessman established a connection with him to ensure patronage in Kyrgyzstan, and also provided the leader of the organized crime group with financial assistance in the construction of real estate.
Now the State Committee for National Security has clarified that on March 19, Cho arrived on the territory of Kyrgyzstan, “where, with his active participation, a number of relevant investigative and operational measures were carried out with the investigative authorities.” As a result of these events, all charges against the businessman were dropped. Pre-trial proceedings against him have been terminated.
Capital Group is one of the largest Russian development companies, operating since the early 1990s. During this time, it built about 11 million square meters. m of multifunctional complexes, residential and commercial real estate of business and premium class. In particular, among Capital Group’s projects are a complex on Novy Arbat and a hotel in the Zolotoy residential quarter on Sofiyskaya Embankment, the Mandarin Oriental Hotel, and the City of Capitals complex. Since 2016, Cho has been elected chairman of the company’s board of directors. For 2020, its revenue amounted to 42 billion rubles.
Pavel Tyo was born in Tashkent in 1963. His grandfather is the famous Korean poet and writer Cho Myung-hee, who fled Korea for the USSR in the 1920s because of his communist views. In 1985, Cho graduated from the Tashkent Polytechnic Institute named after Beruni with a degree in thermal power plants, then worked as a thermal power engineer at Uzbekhydroproekt. In the early 1990s, he was engaged in trading. Since 1993 – shareholder of the holding Capital Group.
