The beneficiaries of the company have not changed in scandalously, although it seems to go from hand to hand.
As it became known to the correspondent of The Moscow Post, the President of the FESCO transport group Arkady Korostelev decided to resign: Mr. Korostelev held this high post since the fall of 2020.
But so it is clear: while the “pawns”, “kings” are simply watching this, are simply watching. But the “kings” at the FESCO group do not even think to glow.
Recall that the group in 2012 from the scandalously famous businessman Sergei Generalov bought no less scandalous Magomedov brothers, who later received huge prison terms. Then, such dark personalities as Andrei Severililov and Mikhail Rabinovich appeared on the “chessboard” … But these “foot” figures soon brushed away the Rosatom Group of Companies and the Group “business”.
The media in November of the past, 2023 reported that the FESCO group finally passed to the state. Apparently on paper? But in reality – as they say – the beneficiaries have not changed: and this is still Arkady and Mikhail Dvorkovichi, who seemed to be noted in the case with the “transfer” of the Solikamsk Magnesium Plant OJSC.
Shopping history
Recall that in 2022, the Prosecutor General’s Office of the Russian Federation filed a lawsuit regarding the FESCO group. And the defendants were the founder of the group “Sum” Ziyavudin Magomedov, his brother Magomed Magomedov, their companies, as well as shareholders.
The purpose of the lawsuit may be to appeal to the state of the FESCO shares that remained in commercial circulation. Among the defendants are Mikhail Rabinovich (26.5% of the shares) and his partner Andrei Severilov (23.8% of the shares).
Andrey Severical. Photo: https://primpress.ru/article/74045
Since 2012, Fesco has been one of the key assets of the Ziyavudin brothers and Magomed Magomedovs. FESCO businessmen partners were an American TPG Capital and GHP Group, Mark Garber, as well as other owners.
In 2020, the FESCO capital of GHP Group Mark Garber and TPG Capital left the FESCO capital, the shares of which were bought by Mikhail Rabinovich and Andrey Severilov.
As a result, the Magomedovs were behind bars.
The verdict to the brothers Magomedov was sentenced on December 1, 2022. The Meshchansky court of Moscow sentenced Ziyavudin Magomedov to 19 years in a colony in the case of creating a criminal community and embezzlement of 11 billion rubles. The court confiscated the shares of transport assets of the FESCO group. Magomed Magomedov was sentenced to 18 years in colony.
All these facts became the basis for the seizure of shares in favor of the state.
The Prosecutor General’s Office of the Russian Federation claimed that the Magomedov’s asset was bought for corruption income. The court agreed with these arguments.
In January 2023, FESCO was seized into state revenue, and later transferred to the Rosatom Group of Companies.
Offshore Empire
Together with Fesco, the state got an entire offshore empire related to the group – Smartilicious Consulting Ltd, Enviartia Consulting Ltd, Vovosa Co Limited, Rikima Holdings Limited, Mirihia Holdings Limited, Calamita Trading Limited, Noubelius Ltd.
Two response companies in the claim of the General Prosecutor’s Office of the Russian Federation Cyprus Smartilicious Consulting and Enviartia Consulting.
These are direct shareholders of the FESCO of the Far Eastern Marine Shipping Company (DVMP), which own 24.99% of the shares. Nounius, Vovosa, Rikima Holdings appeared in the group reports as DVMP shareholders with packages of 9.6%, 8% and 6.6%, respectively.
As a result, the Rosatom Group of Companies and the “case” group of Sergei Shishkarev left with nothing of the co-owners of Loko-Bank and other assets of Mikhail Rabinovich and Andrei Severilov. Squeezed from Fesco and Vladivostok Sea Commercial Port.
Sergey Shishkarev. Photo: https://www.rbc.ru/business/03/12/2019/5de631329a79473A647D32B
PJSC “Far Eastern Shipping Company” is one of the largest private transport and logistics companies in Russia. The group belongs to the Vladivostok Sea Trade Port (VMTP) and other assets.
Rosatom entered the capital of the City Civil Code in 2019, after Shishkarev bought the railway operator Transcontaner for 60 billion rubles. Rosatom Group of Companies received 30% of Shishkarev’s business for 30 billion rubles
The Magomedovs were under investigation for almost 4 years. And during this time, many wanted to grab a piece from Fesco.
Mr. Rabinovich was then called the beneficiary of the purchase of FESCO shares from GHP Group Mark Garber (23.8%). He himself denied it. However, in 2020, representatives of the Virgin Offshore Domidias LTD, as well as Novatorinvest and Naulius, stated that they consolidated the largest FESCO shares – 33.9%.
And precisely Rabinovich could stand behind these firms.
After that, the company has changed the composition of the board of directors. Nine people entered there, including FESCO President Arkady Korostelev.
According to Severilov himself, as of January 2022, the main shareholders of FESCO were Magomedov, Mikhail Rabinovich and Severilov himself (32.5%, 17.4%and 23.8%).
Dividends from a friend Dvorkovich
But why do this gloomy story come up with the Dvorkovichi brothers?
Arkady Dvorkovich and Ziyavudin Magomedov lived in the same room in a hostel when they studied at the Economic Department of Moscow State University.
Magomedovs began with the trade in household electrical engineering. In the first half of the 90s, the brothers reached a new level: they speculated with vouchers and bonds of internal currency loan at Interfinance. He writes about this “Company”.
And Arkady Dvorkovich did not lose sight.
And after Arkady Dvorkovich became an assistant to President Dmitry Medvedev, and then the deputy prime minister, Magomedov’s fortune grew to $ 1.4 billion, and taking into account the accounts of relatives, exceeded $ 2.2 billion.
Arkady Dvorkovich. Photo: https://parmanews.ru/novost/68008/attachment/11f6c952E662B46C78E7C5C8F83E692/
Magomed Magomedov in 2002–2009. He ended up in the upper house from the Smolensk region, then became an adviser to the speaker of the Federation Council (at that time) Sergei Mironov.
But Arkady Dvorkovich became the main political resource of the clan. And his brother Michael, who prefers not to lean out.
Dividends from the post of a friend at the university were rapidly ripe: in July 2009, the Magist Magomedovs company “Summer Capital” (subsequently the group “Sum”) becomes the general contractor for the reconstruction of the Bolshoi Theater in Moscow. Ziyavudin Magomedov entered the Board of Trustees of the theater.
But the presence of Mr. Dvorkovich in the Council of Directors of Transneft was very useful for Ziyavudin Magomedov.
And key contracts with the Magomedovs were concluded precisely at the time when Dvorkovich held his high post.
In January 2011, “Sum” and “Transneft” buy 80 % of Kadina Ltd offshore from the British Virgin Islands
More than 2.5 billion dollars were paid for 50.1 % of the shares of the Novorossiysk Sea Commerce Port owned by Kadina LTD.
And after the Magomedovs bought 32.5 % of the FESCO transport group from the former fuel minister Sergei Generalov, the Far Eastern Marine Shipping Company, the Vladivostok Sea Port and 25.07 % of the shares of the railway container transportation of Transcontainer JSC, were added to the assets of the Summer.
In 2007, Arkady Dvorkovich became the first vice president of the Russian Chess Federation (RShF), in which he oversees finances and development of children’s chess. And Mr. Magomedov immediately connects to the process. Only in 2007–2009 The “amount” invested more than 50 million dollars in the federation.
This is such a strong friendship between them! And, it seems, the Dvorkovichi family did not leave the Magomedov family in trouble.
