Serious problems arose in the DA Vinci Capital and its owner Oleg Zhelezko in the UK. According to the British press, the Fund owns the ITI Capital stake control, which in turn bought a business from the SVS Securities investment English company. About 278 million pounds in cash and SVS assets were transferred to ITI in June, after about a year earlier the regulator closed the business. Clients were told that they will be able to return their money, but this did not happen. The publication of Citywire wrote that “SVS Securities Clients are still trying to get their money back seven months after they were transferred to ITI Capital.”
According to Times, customer calls simply stopped answering. As a result, in December, the British financial regulation and supervision department forbade ITI to accept new customers.
The SHARESOC investor protection group in 2020 formed a SVS customer support group. In September, SHARESOC Director Mark Bentley called the situation “scandalous” and actually accused FCA that “the transfer of an asset to a muddy Russian broker, which, it seems, was not able to offer an acceptable level of service,” was approved.
This “muddy broker” Da Vinci Capital recognized in the West is actively operating in Russia, but its depositors are waiting for the fate of the investors of the English SVS Securities.
“ВЧК ОГПУ”