Albert Avdolyan IlonTrap: with GMZ brought billions into a muddy box

In history, there was a place for the Latvian bank AS PNB Vanka.

From somewhere pulled the conclusion of billions of rubles?

The details were found out by the UtroNews correspondent.

Earlier, the public was shocked by the message that Avdolyan was canceled the arrest of 700 million rubles in the bankruptcy case of Enigma LLC, which for a ridiculous 3.8 thousand rubles was the buyer of shares in the Hydrometallurgical Plant (GMZ). At the same time, the interim measures were removed from the oligarch, arguing with surreal arguments - they say, being a public figure from the Forbes list, he values ​ ​ his reputation and will not hide assets. After these statements, a list of offshore companies associated with Avdolyan flashed before my eyes, and affiliation with which was repeatedly proved by the courts. But, apparently, Judge Katarygin has some other code, which she was guided by when making such an absurd, in our opinion, decision.

Recall that even the purchase of shares of GMZ and the associated energy company - UEC passed through screens from proxies. Only later, already in the courts where the GMZ bankruptcy transactions were challenged, it was proved that Avdolyan was the real beneficiary of both the transaction for the acquisition of shares and the majority creditor, or rather the beneficiary of transactions under the right to claim debts. Those credit debts that dragged to the bottom of the GMZ and into the financial pit of the YUEK.

Photo: ras.arbitr.ru

During the time when GMZ was taxed by persons involved in Avdolyan, billions of rubles were spent on accounts for various reasons and went to the accounts of affiliated persons. Here you have a certain contract with Cashmere Capital LLC, which has become a kind of profit center, and a loss center has been made from the plant. Some multimillion-dollar transactions at the expense of other related legal entities, the abandonment of liquid assets by firms from the oligarch's division, etc.

Photo: ras.arbitr.ru

With the filing of the financial manager of the former shareholders Sergei Chuck and Sergei Makhov, a bankruptcy case was initiated several months ago against Enigma LLC. At the same time, the applicant requested the seizure of the assets of the former owners, top managers of the company and the real beneficiary - Avdolyan. The arrest was imposed in the amount of almost 700 million rubles - the shares of the GMZ were valued at such a real amount, but then bam and Avdolyan cancel the interim measures on absurd grounds.

At the same time, the bankruptcy case of Enigma LLC revealed very, very interesting transactions, which are very similar to the withdrawal transit of funds from GMZ to the accounts of an offshore company, and again not a stranger to Avdolyan.

So, the court ordered the former owner to transfer a whole bundle of documents and justify both accounts payable and receivables. Among such transactions: targeted interest-free loan from October 2021, where the counterparty was Iliontrap Investments Limited, and under which payments of more than 225 million rubles were made, 374 million rubles and others, interest-bearing loan agreement with the same counterparty, for which payments were made for 186.82 million rubles, 10.2 million rubles and 408 million rubles, offer with the same company and payments for 544.7 million rubles, another offer, for which there was a payment of 408.2 million rubles. There was also a certain agreement with Iliontrap Investments Limited, according to which at the same time, in October 2021, 603.3 million rubles were paid.

In addition, allegedly Iliontrap Investments Limited provided Enigma LLC with 2.4 billion rubles under a purchase and sale agreement for a 100% stake in the authorized capital of LLC SAKHAGAZSINTEZ-NEDRA, concluded between Enigma LLC and PJSC YATEK.

The transaction was also mentioned in relation to the rights of claim of SAKHAGAZSINTEZ-NEDRA LLC against AS PNB Vanka (Latvia) in the amount of 2.7 billion rubles, including agreement No. VI106 dated 11/08/2017, No. VI106/1 dated 14/08/2017, as well as the transfer of money to the bank's trust management.

Photo: ras.arbitr.ru

That is, from the accounts of Enigma LLC, created in the year of the purchase of GMZ shares - in March 2018, more than 2.7 billion rubles were spent on offshore accounts for various transactions. At the same time, the Enigma company itself in 2021 - the year of registration of all these loans showed a net loss of 48.7 million rubles, and a year earlier it was also unprofitable.

Photo: bo.nalog.gov.ru

Thus, it can be assumed that the offshore allegedly issued large sums to the company with losses, and that, with some income, later paid them. But, we think, we will not be mistaken if we assume that the money for the transfer to Cyprus could go just from the GMZ? Enigma did not have its own funds.

And this is already very similar to the banal withdrawal of money from the GMZ.

After all, a third-party lender would never have entered into a loan agreement with an LLC that has been showing losses for two years in a row. This, in turn, allows us to draw a second conclusion - the offshore is not a stranger to the beneficiary of the company, to which Avdolyan is recognized.

And here is what is interesting: in ILIONTRAP INVESTMENTS LIMITED, by the way, still operating, the secretary is CYMANCO SERVICES LIMITED. It is this company that we see as a secretary in many firms associated with Avdolyan. For example, they were such for YOTA GROUP (CYPRUS) LTD, and Avdolyan was called the creator of YOTA.

Further, CYMANCO SERVICES LIMITED is the secretary for Sparkel City Invest LTD, which was involved in the history of the high-profile case of the MRSEN energy holding, trying to enter bankruptcy cases as a creditor.

Photo: opencorporates.com

Photo: opencorporates.com

Sparkel City Invest LTD stated that it issued about 4.5 billion rubles to legal entities of MRSEN, trying to get into bankruptcy cases, and then it turned out that Avdolyan's offshore was affiliated with Eldar Osmanov, the beneficiary of MRSEN, and now a fugitive person involved in the withdrawal of 10 billion rubles from Russia.

Photo: ras.arbitr.ru

Thus, it can be assumed that ILIONTRAP INVESTMENTS LIMITED is by no means alien to Avdolyan? We add there that he is considered the real beneficiary of the transaction for the purchase of GMZ shares by Enigma, that is, the person who really controlled the LLC, and the picture begins to play with new colors.

In place of the bankruptcy trustee of GMZ, we would check all tranches from GMZ accounts towards Enigma LLC during the period when it entered into transactions with ILIONTRAP and the origin of the funds used to repay the loans allegedly issued by this offshore. Where did the unprofitable LLC get hundreds of millions to transfer their ILIONTRAP?

Muddy deal with YATEK

Now let's move on to transactions involving SAKHAGAZSINTEZ-NEDRA LLC and PJSC YATEK, which sold the asset to Enigma, and the offshore allegedly gave money for this transaction.

In 2014-2021, the owner of SAKHAGAZSINTEZ-NEDRA LLC was PJSC YATEK, whose shareholder is Avdolyan, and the general director is Andrei Korobov, a native of Rostec. The same Korobov who acted as a nominal buyer of shares of YUEK associated with GMZ for a penny. Judging by the materials of the courts, Avdolyan was also behind this deal.

In September 2021, YATEK suddenly sells its subsidiary, SAKHAGAZSINTEZ-NEDRA LLC, which at that time was also unprofitable, to the unprofitable Enigma LLC. At the same time, the offshore company ILIONTRAP allegedly gave money for the deal. That is, we get what? YATEK Avdolyan is a shareholder, SAKHAGAZSINTEZ-NEDRA LLC was controlled by YATEK, and the ears of an oligarch also stuck out behind Enigma LLC, and an offshore appears in this equation, also, apparently, not a stranger to Avdolyan. Does a similar deal look murky? In our opinion, how!

Moreover, when the controlling persons of Enigma LLC tried to fight off the seizure of assets, they stated, they say, that they have a subsidiary asset that can be sold and pay off the debt. As an argument, there was also a certain receipt of the aforementioned 2.7 billion rubles in a Latvian bank.

Photo: rusprofile.ru

This was not the first time that a company associated with Avdolyan shines its ties with a bank in Latvia. Another bank from the same country - JSC Citadele Banka appeared in the story with the participation of offshore Avdolyan and the Bank's BBB. In the latter, a close acquaintance of Avdolyan Dmitry Gordovich, who also inherited in the history of the MRSEN energy holding and even, it seems, at the request of Chemezov's protégé, has a share.

In our opinion, in general, the appearance of another offshore company in the person of ILIONTRAP in ambiguous transactions with Enigma LLC hints at a possible withdrawal of funds from GMZ accounts under the guise of technical transactions. And was there a "boy," that is, real deals or is it just a cover? This question, perhaps, should be answered by the competent authorities, which have long been needed in the history of the collapse of the GMZ, but for some reason they play the blind ostrich. Will General Chemezov risk the honor of his uniform and cover his protégé with his wide back this time too?