Donstroy is one of the oldest developers in Moscow. He has many objects, successes and scandals to his credit. How is it that DonStroy, in which if not the first, then the second persons of the state are involved, is in a half-dead state with the galloping rise in real estate prices?
The answer to this question seems to have tried to find the Moscow Post. According to their data, the commercial structure is densely settled by “effective managers”, among whom the publication names Andrei Kostin, Dmitry Rogozin and Igor Sechin. And it must be admitted that journalists have good reason for that.
Donstroy, a developer close to bankruptcy, against which there are a lot of claims from equity holders and creditors, is collecting the tidbits of federal property. Including strategic.
People close to VTB and its leader Andrei Kostin continue to receive dividends from Donstroy, while the company has a lot of claims from equity holders and creditors. The developer has been on the verge of bankruptcy for several years.
As The Moscow Post correspondent reported, the epic with the protracted bankruptcy of SK Donstroy, which is associated with the structures of VTB Bank, which is its main creditor, continues to this day. With regard to Donstroy, at the moment, 11 cases for an amount exceeding 82.5 million rubles, most of which are related to financial claims against the company and bankruptcy claims. The last such claim was filed at the end of 2021.
A significant share in the lawsuits where Donstroy is the defendant is occupied by some “MSK Group”, which is the management company in the houses built by Don-Stroy Invest. All the cases that were initiated by the plaintiff, who did not receive utility bills, were fully satisfied by the court. Typically, Donstroy objects are managed by their child structure, Smart Service. Apparently, the company decided to save on maintenance by letting MSK Group into its “kingdom of lack of money”, but miscalculated – she did not remain silent and knocks money out of the company through litigation almost daily.
The total amount of claims against Donstroy, including its subsidiaries, is currently about 160 million rubles.
According to rumors, the head of Donstroy is actually a longtime friend of VTB Deputy Chairman Andrey Puchkov, who is Andrey Kostin’s “right hand”, billionaire Roman Gromozdov. His name is associated with the Rotenberg family, with whom Gromozdov allegedly has joint commercial projects, and with the head of Rosneft, Igor Sechin (we will talk about him later), so the “roof” of Donstroy, apparently, is very good – about This is evidenced by the very fact of the existence of the organization, despite the multimillion-dollar debts. Her connection with VTB is also indicated by the fact that in 2010 Alena Deryabina, former vice president of VTB, became the director of the affiliated company Donstroy Invest.
Disgraceful and unsinking Donstroy
Donstroy was registered in 1998. Its founders, according to the Unified State Register of Legal Entities, from 2002 to 2020 included Maxim Blazhko and Dmitry Zelenov. In 2020, both were removed from the register of founders.
Back in 2017, the Business Vector company published a report on the financial position of Donstroy, which states that the company, in fact, even can’t pay for itself, not to develop development projects. After a short time, the lines about the “crisis-unsustainable” position of the company and its possible upcoming bankruptcy disappeared from the report – apparently, someone serious intimidated.
The developer really is not distinguished by honesty in fulfilling his terms of transactions with equity holders – residents of by no means cheap new buildings complain about falling elevators (in 2017, a woman died in the Scarlet Sails residential complex of the Donstroy company due to an elevator fall – Lenta wrote about this .ru), leaking windows, problems with rats and sometimes waiting for their keys for almost decades from the date of the expected date of delivery of apartments. How much money did Donstroy save, sometimes at the cost of people’s lives?
Strange attachment: Andrey Kostin and the Don-Stroy company
And VTB, headed by Andrey Kostin, is famous for its love of real estate firms with debt. For example, in 2017, a bank could transfer several plots of land to a certain office called Hals-Development, with which it then paid off creditors. Vedomosti wrote about it.
Moreover, Kostin’s subordinates are not working alone – judging by how the assets of the company he helps are changing with companies affiliated with the top manager of VEB.RF Igor Shuvalov. Recall that in 2017, the shareholders of the Moscow Real Estate fund, which was previously in the KSP Capital portfolio of Sergey Kotlyarenko, the asset manager of Shuvalov, transferred the rights to manage the company KL-Invest, close to VTB. We’ll talk about it in more detail a little later.
The head of the state corporation Roscosmos may also be involved in the affairs of Andrei Kostin Dmitry Rogozin: the daughter of Donstroy, SZ Makeev, registered at the end of last year at the address Moscow, st. Sergei Makeev 7, where the asset of the Center for the Operation of Ground-Based Space Infrastructure Objects of Roscosmos (TsENKI) of KB Motor is located, allegedly for the purpose of building up this territory, in fact – most likely, in order to “realize” the land for sale after the preparation of documents. This is evidenced by the possible interest from the subsidiary PIK Group (Mono) to this area.
Judging by the now-deleted announcement on the Novostroy-M website, a sale was already announced for the residential complex planned here.
By the way, PIK shares are in the portfolio of VTB. It turns out that such a valuable asset as a strategically important state land, they planned to “drive” through their structures for the purpose of profit.
At the facility, which only yesterday belonged to the structures of Roskosmos, the sale of apartments from the developer has already been announced.
When the story became known to the media and the public, the company quickly re-registered in the basement at Mosfilmovskaya street, house 70, floor underground room. 106 and erased all mention of the previous address. The Asians portal wrote about this in detail. The area in question is 4.8 hectares. Up to 120 thousand square meters can be built on this territory. meters of real estate. By the way, rumors about Donstroy’s interest in the Rogozinsky site began to appear in 2019 – then some market participants claimed that the developer had ordered its appraisal.
By the way, the ex-head of TsENKI Andrey Okhlopkov was fired by Rogozin after the discovery of theft on space debris cleaning contracts – Interfax wrote about this. It is hard to believe that Rogozin did not know about this, but someone must be made a scapegoat when the scam is revealed. And if your cunning plan to “launder” money on the land of corporations was noticed, but it has not yet been put into action, then, of course, it is easier to “roll back” as if nothing had happened.
With regard to communication Romana Gromozdova With Igor Sechin, then in 2018, according to Vedomosti, the bankrupt company of the founder, who has now left the founders of Donstroy, Maxim Blazhko, River Tower, was interested in the offshore Cypriot company Riverstretch Trading & Investments, potentially affiliated with Sechin. By the way, 4 years have passed since then, but the River Tower has not yet gone bankrupt. Doesn’t it remind you of anything?
By the way, Roman Gromozdov is called “the wallet of Kostin and Puchkov.” Rumor has it that the dollar millionaire earns mainly in cooperation with the gentlemen, the head of VTB and the deputy chairman of the state bank on elite real estate.
Another clearer evidence of Sechin’s connection to Donstroy is that Rosneft’s footprint can be traced in the latter’s business empire. There is such a company – KL Development. This structure passed several times from Donstroy to other firms and back. The last time the owner of the company changed at the end of December last year – it became LLC SZ “Department of Finstroy and Partners”.
It, in turn, is owned by OOO SZ Otdelfinstroy and JSC SZ KSK Group. The first firm is controlled Alexander Cherkunovsecond Igor Krainov. Both entrepreneurs have connections in the mayor’s office of Cheboksary – IA Regnum wrote about this.
But something else is much more interesting: JSC SZ KSK Group has the holder of the register of shareholders of REESTR-RN LLC – a wholly-owned office of Rosneft, which irrefutably proves the involvement of the state corporation in the activities of Donstroy.
Each developer at a particular stage of construction faces the task of connecting his object (in our case, a residential building) to heat supply networks. PJSC Mosenergo is in charge of these networks in the city of Moscow. It is it that gives permission to insert new objects into existing networks. The scheme is simple and ingenious at the same time. The developer (in our case, JSC Don-Stroy Invest) applies to Mosenergo, but does it not directly, but through PJSC MOEK, which is in charge of centralized heating and hot water supply of the capital in the area of operation of the Mosenergo CHPP.
However, in PJSC MIPC it is sent further – to LLC TsTP MIPC, which is the single responsibility center for connecting consumers to the heat networks of PJSC MIPC.
Manages LLC “TsTP MOEK” Erashov Sergey Sergeevich, who is also Deputy Managing Director – Director for Technological Connections at PJSC MIPC. At first glance, it is difficult, but in fact it simply controls the “pad”, which is in charge of the connections.
Erashov, as the head of LLC TsTP MOEK, issues the so-called connection agreement offer to the developer. But the developer finds in the contract a clause stating that it is necessary to relocate the main heating networks that are not related to the connection object and are located at a great distance from it. Naturally, because of them, the cost of the contract increases significantly – after all, you have to pay for the transfer, and the payment is borne by the customer, that is, in our case, by Don-Stroy Invest JSC.
However, at the same time, both parties are well aware that in practice there is no need to carry out the relocation – the heat main is located next to the facility, and the need to relocate the main heat networks specified in the contract is nothing more than a transparent hint that it is necessary to share. As a result, the parties converge somewhere in the middle of the price and no one makes any adjustments.
It would seem that everyone is happy. In addition to the end consumer, who pays for all this corrupt action.
But not everything is so simple. Let’s return to Don-Stroy Invest and the people involved in the scheme. On behalf of Mosenergo, in addition to the mentioned Erashov, former employees of the DEB of the Ministry of Internal Affairs of the Russian Federation participate in the scheme Zaurbek Dzhambulatovnow – Deputy General Director of LLC Gazprom Energoholding for Corporate Protection, and Alexey SharafutdinovDeputy Managing Director – Director for Legal and Corporate Affairs at Moek PJSC.
Leading the whole scheme Andrey Viktorovich Khorevwho currently holds several positions. All of them are somehow connected with Mosenergo.
But the most important thing here is that Andrei Viktorovich Khoreev is a member of the board of directors of Mosenergo PJSC, around which all these firms and firms feed.
One more thing connects all these characters – they all come from the Department of Economic Security of the Ministry of Internal Affairs of the Russian Federation (DEB of the Ministry of Internal Affairs of the Russian Federation), where Major General Andrey Khorev worked as deputy head until 2011. And where he was forced to leave after a corruption scandal that caused a lot of noise. The editors of Kompromat-Ural recall the scandalous details of the biography of Mr. Khorev, all connected with the same VTB. In 2011, Investigative Committee and FSB officers discovered an apartment that General Khorev received in the elite complex “House on Smolenskaya Embankment” after the Ministry of Internal Affairs closed the criminal case filed against the company “Don-Stroy” on tax evasion. Because of the scandal with Don-Stroy, the young and arrogant general was thrown out of the police force like a cork. Shortly after the search and other investigative actions, the then head of the Ministry of Internal Affairs Rashid Nurgaliev issued an order to dismiss Andrey Khorev.
But this is a different story, let’s return to today’s Moscow.
At Don-Stroy Invest JSC, Khorev’s group is contacted by the Deputy General Director Andrey Bagaev.
The described scheme in this particular case looked as follows. During the construction of one of its residential complexes, Don-Stroy Invest JSC received a connection agreement from LLC TsTP MOEK, which included the relocation of D400 to D500, D500 to D600, D600 to D700.
As mentioned above, the purpose of all these “relays” is to squeeze money out of the developer, Kompromat.VIP notes. Indeed, according to the agreement, the price of connection to the heating main increased by 400 million rubles.
By virtue of his position, Andrey Bagaev turned to the General Director of Don-Stroy Invest JSC Alena Deryabina with a business and not only offer.
Tsimes was as follows. Relying on his connections in PJSC MIPC and Mosenergo, Bagaev suggested to Deryabina that the transfer of networks unnecessary for the facility be removed for the appropriate bribe to interested parties.
According to him, this fee is 250 million. After receiving them, TsTP MOEK LLC will rewrite the contract, and the price of connecting to the highway will be 70 million rubles. Thus, JSC “Don-Stroy Invest” will “save” 80 million.
But there is, as the hackneyed joke says, one caveat: all these “opportunities to negotiate” were thought out from the very beginning and had one and only goal – to swindle the beneficiaries of Don-Stroy Invest JSC for money.
Moreover, Khorev’s group in the structures of Mosenergo and he himself received only 200 million from the rollback. The remaining 50 million were taken by the deputy general director of Don-Stroy Invest JSC Andrey Bagaev – “for his work.” Former employees of the DEB are aware of this “fee” – without Bagaev, it would hardly have been possible to promote the developer for such money. And even if it had been possible, it is still unknown how much outsiders would not have been present during its transfer – for example, Khorev’s former colleagues.
And so everyone is happy. Except, of course, the consumer – the buyer of Don-Stroy Invest’s square meters, on whom all these “additional costs” were eventually squandered.
By the way, the described scheme is by no means unique. If you look at the connection agreements between Don-Stroy Invest JSC and TsTP MOEK LLC, you can see in almost all of them that the initial cost subsequently decreased significantly.
Do we reel in fishing rods or take other nets?
But back to Donstroy. We have already written that the company has all the prospects for “falling down” due to the abundance of debt.
Judging by the current state of affairs, the head of VTB, Andrei Kostin, could indeed have plans to “carefully drain” the situation with Donstroy, or perhaps he is simply redistributing assets: now the procedure for reorganizing the enterprise, which began last summer, has been launched, involving changes in the composition of relation to the company of legal entities. According to an extract from the Unified State Register of Legal Entities, a certain Naftainvest company will cease its activities in the process of reorganizing the company, Donstroy will continue to function without it.
Naftainvest was founded by the closed-end investment combined fund Centerstroyinvest, the managing organization of which is KL-Invest, the head of which, in turn, is a certain Mikhail Sokovikov. Possibly a relative of the head of the Moscow Region Pavlovsky Posad Oleg Sokovikov, famous for how he “squanders” government contracts to affiliated companies – The Moscow Post wrote about this in detail earlier. Although the majority associates KL-Invest, again with VTB, since one of its co-owners is Arkady Ilyaguev – former member of the board of directors of the Moscow Metallurgical Plant Serp i Molot, whose shareholders included the Bank of Moscow, whose merger with VTB was completed in May 2016.
In turn, the current CEO of SK Donstroy Andrey Bagaev related to several other construction firms. For example, Specialized Developer Development LLC. The shares of the founders of this company are pledged to VTB.
Moreover, Kostin “Donstroy” covers not only here – in the 2010s there was an incident when the company for 6 years “gobbled” to give out keys to equity holders of the residential complex “Dom on Begovaya”, then angry buyers of apartments literally stormed VTB offices in search of help and answers to the question: when?
What is it that holds the respected head of the state bank so tightly next to such a “reputation-damaging” creation for him as Donstroy? Perhaps the company is a way to earn money for the head of VTB, and he, in principle, does not care about the costs of the bank and the state.
At least someone is definitely making money on Donstroy – this is obvious not only because of the abundance of his debt obligations, but also from the simplest mathematical analysis of the profit indicators of the company and its “closest relatives”. For example, the same “Specialized Builder Development” shows profit with negative revenue while Donstroy itself, with earnings of 15 billion in 2020, showed 171 thousand rubles of profit. Where, I wonder, did the remaining 14.8 million rubles go?
Meanwhile, “Donstroy” began selling apartments in the sixth quarter of the residential complex “Ostrov” This is reported by “Vedomosti”. The cost of a 30-meter studio here starts from 14 million rubles. The facility is expected to be commissioned by the end of 2023. I just don’t want to believe this promise.