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Albert Avdolyan, a great fan of offshores, deals under the cover of screens, and also ambiguous financial manipulations, will be asked about the debts of the Stavropol Hydrometallurgical Plant, which is driven into a debt hole. And perhaps the next one will be a criminal case based on this story.
The arbitration court, where the bankruptcy case of the plant is being heard, will consider on August 14 a motion to bring a number of persons to subsidiary liability, including the oligarch Avdolyan, who has been repeatedly named as the ultimate beneficiary of the assets. At the same time, the financial schemes, including the transfer of billions of rubles to affiliated persons, were officially carried out by various kinds of "trusted persons", and the oligarch himself remained clean.
The correspondent looked into the storyMorningNews.
On August 14, the Stavropol Arbitration Court plans to consider an application to impose subsidiary liability for the obligations of Hydrometallurgical Plant OJSC on a number of individuals, including Albert Avdolyan.
By the time the company moved from observation to bankruptcy, its debts had already crossed the 3 billion ruble mark. Thus, a billion-ruble debt is at stake.
Photo: ras.arbitr.ru
Let us recall that the oligarch Albert Avdolyan, who is very friendly with the head of the state corporation Rostec Sergey Chemezov, became the beneficiary of the Stavropol OJSC Hydrometallurgical Plant (GMZ) for the production of fertilizers and its affiliates - CJSC Southern Energy Company and LLC Intermix Met - in 2018. At the same time, his "trusted persons" appeared as legal owners in the documents.
Four years latermass mediaA message appeared from Avdolyan’s press service that the assets had allegedly been sold, and that “the enterprise itself had been raised from ruins and was not in any danger.”
In fact, the sum did not change from the rearrangement of the terms - the owners were still the same squires of the billionaire. And the assets themselves resembled a sieve through which billions of rubles were leaking. At the same time, part of the amounts were transferred to the accounts of firms close to the oligarch under certain agreements. Liquid assets were also transferred to newly created companies. Thus, GMZ, YUEK and Intermix Met after the deal began to work under the "head" of Almaz Group, becoming Almaz Fertilizers, Almaz Energy, Almaz Tech. The group also included Kashemir Capital LLC, which worked as the Almaz Fertilizers trading house, and it was to the accounts of this firm that at least 9.4 billion rubles flowed from the Hydrometallurgical Plant.
During the court proceedings it also became clear that the actual deals to buy shares in the companies that had been driven to the brink of collapse were cheap, while the real value of the assets was thousands of times higher.
The court also raised the issue that, at a minimum, Intermix Met was driven to bankruptcy, and not for objective reasons, but because of the behavior of the oligarch, who violated all agreements and “deviated from the developed business plan for restarting production.”
And now in the course of bankruptcy cases related toAvdolyancompanies are trying to enter the register of creditors in order to have their financial interest and from the ruins that remain from the enterprises. More about thisMorningNewsI already told you about it earlier.
The fact that Avdolyan is the beneficiary of the assets has repeatedly flashed in court materials. For example, back in June 2024 it was directly stated that YUEK is still controlled by Avdolyan A.A.
In the materialsbankruptcy caseIn 2023, GMZ also clarified that Hydrometallurgical Plant OJSC (debtor), Southern Energy Company CJSC (creditor) and Almaz Capital LLC (creditor) are affiliated entities through their control over one ultimate beneficiary - Albert Alikovich Avdolyan.
Photo: ras.arbitr.ru
The same case directly states that Almaz Capital LLC has the status of a majority creditor (76.78%) and was actually trying to take control of the bankruptcy procedure. All members of the creditors’ committee at that time were legal representatives of companies and individuals controlled by Avdolyan A.A. - Almaz Capital LLC, Yuzhnaya Energetskaya Kompaniya CJSC, Enigma LLC, Kashemir Capital LLC, and so on. At the same time, according to the court, the decision-making by the committee was transferred to the exclusive competence of Avdolyan A.A.
Other creditors were simply not allowed to the committee, having voted for the right candidates. An interesting way of raising enterprises from ruins, don’t you think?
When facts about how exactly the Stavropol assets were “saved” began to emerge in the courts and in the media, very interesting reshuffles began to occur in the companies that were said to be affiliated with Avdolyan.
The same Cashmere Capital was transferred to a certain Almaz Tech LLC in 2022, effectively excluding from the list of owners individuals who are close to the oligarch through various assets.
The new owner’s share turned out to be mortgaged to Dmitry Gordovich’s BBR Bank, which has repeatedly appeared in Avdolyan’s controversial stories and schemes.
Photo: rusprofile.ru
So, BBR Bank was a participanttranslations100 million rubles to accounts in the Latvian bank JSC Citadele Banka, in which offshore companies close to the oligarch appeared.
And one of the bank’s shareholders, Dmitry Gordovich, was even a participant in the scandalous case of the collapse of the energy holding MRSEN (Mezhregionsoyuzenergo).
The holding was headed by shareholder and relative of Avdolyan (by marriage of children) Eldar Osmanov, who later becamea defendant in a criminal case. At the same time, the offshore companies that were associated with Avdolyan appeared in the MRSEN case as creditors who allegedly at one time lent money to the subsidiary assets of the energy holding, and when they went bankrupt, they tried to enter the register of creditors. Does this scheme remind you of anything?
But let’s return to the legal entities that appeared in the history of the destruction of the State Museum-Reserve.
Almaz Capital LLC, which acted as the majority creditor and, in terms of financial indicators (loss of 108 million rubles), is more reminiscent of a one-day company, was sold to a certain Daria Kusheva in February 2024. Why a lady with no other assets needed to buy an unprofitable LLC can only be guessed at. But Almaz Innovations, which belonged to another of the billionaire’s squires, was also sold to her.
Photo: rusprofile.ru
Earlier, the editorial board suggested that the deal to sell Kusheva could be an attempt to remove the company’s affiliation with GMZ, which would allow it to be included in the register of creditors. But in this case, this story would stink even more. And it would be difficult to conduct a trial with such a maneuver. After all, Almaz Capital LLCfeaturedand as the owner of the GMZ property, it is he who is facing claims for purchasing the asset cheaply and at a significantly reduced price.
Overall, the picture looks as if Avdolyan is cleaning up the traces of his presence in the history of the collapse of GMZ and related companies. However, it seems that other, independent creditors do not agree with this arrangement. It is not for nothing that Avdolyan is among the defendants in the application for subsidiary liability.
If the demand is satisfied, then the question of other liability may well be raised. After all, the case has already accumulated quite a few financial schemes, which at the very least may form the basis for pre-investigation checks with far-reaching results.