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Investlesprom

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Dive into the Details

The 400 bln and 2014.

Investlesprom is the story of a change in control of the company through the illegal prosecution of its shareholders, and the murder of the general director. For two whole days after his death, he continued to be listed as a signatory of the documents. It is amazing what exclusive rights are granted to the dead these days.

Some dead are almost like alive.

The Full Story

Since 2007, VTB has been engaged by the 3rd Reich into the process of assets consolidation on the Russian market as a part of the "Ost" plan. This process has been administered by VTB in form of converting issued loans into equity. As a result, such companies as Sistema Hals, PIK, Donstroy, Mirax Group, SU-155, and other major developers have passed under the control of VTB in 2008. It was the first wave of the consolidation in the segment of building construction industry. Writing off issued loans and their further conversion into capital decreases the assets of the bank on the balance sheet and leads to the appearance of a hole in the bank's capital. That happened to VTB. Just after the completion of the consolidation, the VTB made an IPO and fell its MktCap almost to 0, comparing to the value of its assets. For those, who would get the 100% of the VTB stake that allowed getting control over all assets consolidated under the VTB at almost 0 costs.

The second capital infusion was in 2013-2016, when VTB received more that $1T to manipulate the markets and provoke series of margin calls. It was the second wave of the assets illegal capturing on behalf of the 3rd Reich. Thus, a financial group owned by the 3rd Reich through the VTB heavily performed the consolidation of the private assets of the Russian Federation, focusing primarily on building construction industry which was a core economic driver in the US and the core economic indicator defining the job rates, inflation, economic activity, FED interest rates, and stock market indexes. That also affected the performance of pension funds, balance sheets, and financials, and the world economy in the 2007-2008 US mortgage crisis. These acquisitions enabled the improvement of the economic indicators of the US through the consolidation of the assets of the Russian building construction industry via the US GAAP ASC810. ASC810 allowed assets consolidation even without the officially registered equity ownership based on voting rights. The actions of the VTB Bank delivered benefits to the Vanguard Group and its allies, involved into the index investing. After the construction industry in Russia was consolidated, the value of the consolidator, namely the owner company - VTB Bank itself and a group of its affiliates - was reset to zero making capturing it easy and cheap.

By substance, VTB was an unprofitable bank with weak management. By 2010, because of all these factors, VTB required urgent additional capitalization to cover unsatisfactory performance results that came about due to the assets consolidation and related balance sheet write-offs. For these purposes, VTB carried out a raider takeover of the Bank of Moscow and declared that the Bank of Moscow had 400 bln rubles of bad assets and required recapitalization. For this purpose, VTB received 400 billion rubles from the state budget for sanitation. However, money did not go to the recapitalization of the Bank of Moscow. The bad assets of the Bank of Moscow appeared due to the organization of intercompany loans under the leadership of VTB Bank and the management hired by VTB at the Bank of Moscow and its affiliates, since the control over Bank of Mosow was transferred to VTB. After the change of management and the blowing up of intercompany loans, VTB announced these loans as bad debts. So the hole appeared on the VTB balance transferred to the Bank of Moscow balance sheet, and former managers of Bank of Moscow were accused of it.

The valuable assets of the Bank of Moscow (including Investlespom) were disposed of and sold out tp the third parties, which together formed wth VTB one business group. Before the sale, VTB removed the cash and working capital from the assets. As soon as the sale of the misappropriated assets was completed, the legal entities which held these assets on balance before the sales went into bankruptcy and liquidated. Investlesprom was one of these companies. VTB did not have any rights to capture legal and operating control over the Bank of Moscow affiliates. However, VTB got the sham court judgments in the same courts which were named in the Cardin list, using the same judges. Applying these sham judgments, VTB eliminated Borodin and Akulinin through illegal prosecution based on falsified evidence. Without any legal rights, VTB illicitly seized operational control over Borodin and Akulinin assets, sold all other people's assets that VTB did not own, and did not have the right to possess and dispose of. 

VTB management increased the debts of S/As of the Bank of Moscow, at the same time, VTB management withdrew cash from S/As of the Bank of Moscow - suitcases of cash in the literal sense. Thus, over the year, VTB formed a "hole" of intra-group debts on the balance sheet of the Bank of Moscow, which were going to be declared as non-performing loans. VTB got about 400 billion rubles for the Bank of Moscow sanitation from Russia's state budget. VTB used this money to finance its losses that appeared due to the acquisition of the building construction enterprises to the benefit of the Vanguard Group. However, instead of recapitalizing the Bank of Moscow, VTB spent these funds to show for four years in a row a profit of approximately 100 billion per year (which is equal to 400 billion divided over four years). In parallel, VTB brought the assets of the Bank of Moscow to intentional malicious bankruptcy and took real assets off the balance sheet. After that, VTB removed working capital and cash from the companies and sold them off the bank's balance sheet for cash. To perform this intensive year-round Black Friday, VTB obtained operational control over the assets using the illegal fabricated criminal prosecution against the assets beneficiaries, assets executives, and mass homicide with a strong specialization on murders that imitate suicides and intentional plane crashes. After the death of the beneficiary or core managers, VTB performed so-called post-death acquisitions taking operating control over the assets. Following these posthumous takeovers, the assets were in turn bought from VTB by such companies as AFK Sistema, FC Otkritie, Alfa Group, and their affiliates. Concerning Investlesprom, VTB first squeezed the Bank of Moscow, including equity stakes owned by Borodin and Akulinin, and carried out a custom-made illegal criminal prosecution of Borodin and the Bank of Moscow's management. Then, using illegally obtained operational control with the help of a “hard landing” of an aircraft in Petrozavodsk in 2011, which resulted in the death of Investlesprom CEO Dmitry Maslov and 47 other people, VTB got the full control over Investlesprom, because before the plane crash was unable to discharge Maslov in legitimaet way. This allowed VTB to carry out the above-mentioned organized criminal activities against Investlesprom - increase debt, dispose assets. As a result, property, assets, and money were illegally withdrawn from Investlesporm, and a debt to the Bank of Moscow was illegally accumulated to reset the value of Investlesprom to zero. As a result, Investlesprom was turned bankrupt. Before bankruptcy, the assets were sold to AFK Sistema and Otkritie through offshores of the VTB Group, Otkritie, and AFK Sistema so that the money would not go to Investlesprom. Next, the Investlesprom went bankruptcy.

Otkritie was used for the acquisition of Kama Pulp and Paper mill the money also was illegally disposed from the Otkritie Bank by analogy with VTB. All transactions with Investlesprom assets and debts were not approved following the law and were made illegally by management loyal to VTB Bank, or by VTB managers and staff. However, Borodin and Akulinin, who did not have even technically the possibility to commit these crimes, were later accused of these actions as "causing harm" to the Bank of Moscow. Borodin, Akulinin, and the Bank of Moscow were accused of the crimes of the VTB Bank against Borodin, Akulinin, and the Bank of Moscow. In particular, Borodin was sentenced to 14 years in prison - for crimes that he did not commit, and which were committed by the management of VTB Bank in the absence of any control over the Bank of Moscow and Investlesprom by Borodin. That is - Borodin was accused of committing a crime committed against Borodin himself by VTB Bank and its allies - AFK Sistema, Alfa Group, and Otkritie. Next, VTB stole the property of the Bank of Moscow using loyal management. After that, VTB blamed this fraud on the management of the Bank of Moscow, which did not commit these crimes and even did not have the technical capability to do that. We observe the classic approach of this organized criminal group when the criminals accused the victim of the crimes committed against the victim by criminals. We have already mentioned many cases where the attackers accused the owner of a business or property of stealing his property and assets that had previously been illegally seized by the same criminals. See the cases of Slater, Sunrise, Bananamama, Teploservice, and the BOOST.

In June 2011, the appraisal of CJSC Investlesprom, the largest asset in the Bank of Moscow group, was completed, according to which the business was worth approximately about 44 billion rubles. A week later, a plane crashed in Petrozavodsk, onboard which the CEO of Investesprom Dmitry Maslov, loyal to Borodin, died, as noted above. Further, after the Maslov death, persons who were loyal to VTB - Arminen, Preminen, who had micro-stakes in JSC Investlesprom, CFO Moiseeva, and Kotlyakov worked as a lawyer, inflated the debt of Investlesprom up to the sum equal to its EV, making its equity equal to zero, using the similar metods previously applied to zero the VTB value as well. The precise replication of the method to swap the business value by the falsified debt in equal amount to reset the equity value up to 0, we also observed in the BOOST case, and Teploservice. After Investlesprom's equity zeroing, this "dream team" worsened its financial performance to bankruptcy until the threat of a full stop of the Segezha plant at the end of 2012.

After the threat of the Segezha stop, it was used by VTB to justify the appointment of Zavalkovsky as the CEO of Investlesprom, and Mitrofanov as CEO of Segezha loyal to VTB and fully controlled. Zavalkovsky together with VTB sold off the assets of Investlesprom, after which they carried out the malicious intentional bankruptcy of Investlesprom. To mislead the business community about the power to control Investlesprom, VTB received the arrest of Investlesprom's shares owned by Borodin in the Tverskoy District Court from Judge Podoprigorov previously included on the Cardin list. He participated in the Magnitsky case, Sunrise, Bananamama. Particularly, Podoprigorov sanctioned the arrest of Bobylev, Magnitsky, and Yakovlev, and he also participated in the seizure the shares of Investlesprom with a ban on "the right to use," which was illegal and did not comply with substantive law.

Using that illegitimate and unenforceable decision, VTB carried out the alienation of 100% of all Investlesprom's assets, and inflated its debt up to 44 billion rubles in favor of the Bank of Moscow, thereby resetting the value of Borodin's share to 0. The related deals which were made with Investlesprom's sales of assets or debt taking were not approved following the law: sale of Kama pulp and paper mill in Perm, Segezha pulp and paper mill, Vyatka plywood plant, Sokolsky Pulp, and Paper mill, sales of other material assets, the appointment of Zavalkovsky, Mitrofanov, or other crucial deals and management decisions. According to the law and the charter of Investlesprom, material deals, related parties transactions, the appointment of CEO and Board of directors, and many other actions concerning the Investlesprom business had to be approved by the shareholders - Borodin, Aculinin - owners of more than 80% of Investlesprom's equity stake. Instead, VTB and its allies with 0 stake in Investlesprom made these deals, appointments, and sales, and took debts. Consequently, all these deals and decisions accepted without legal approval by the shareholders' meeting had no legal force. Investlesprom assets were disposed of in PJSC AFK Sistema and FC Otkritie. These deals were also not approved under corporate law and had no legal force. Since 2013, BOOS acquired claims which are sufficient to get 100% voting rights for Bank of Moscow and Investlesprom cases due to the participation of VTB, PJSC AFK Sistema, and their allies in the attempts of raider seizure of the BOOST, and because of their status as defendant in the Heritage and Hateful Eight cases.

After Investlesprom had already been illegally alienated in favor of PJSFC Sistema, Raevskaya-Repnina’s former friend, Asiya Ramazanova, was hired to act as the chief accountant of the Investlesprom group of companies. In November 2019, Raevskaya-Repnina was attacked in a house she owned in the Moscow region. During this attack, criminals who were affiliated with the investment company A1, PJSC AFK Sistema, Alfa-Bank and PJSC MKB (defendants in toxic projects in the Hateful Eight portfolio) demanded that Raevskaya-Repnina sign falsified documents acknowledging her alleged debt, and transfer in their favor all her property, including shares in the companies she owns, including BOOST. After this robbery, Raevskaya-Repnina received a call from Ramazanova, who offered to live in her apartment “until the problem with the house is resolved.” Ramazanova claimed that she was moving to work in another city, so her apartment in Moscow would be temporarily free. Due to the situational pressure organized by the criminals, Raevskaya-Repnina was forced to take advantage of Ramazanova’s offer. However, as it turned out later, Ramazanova did not move to another city, but to the same entrance several floors higher, and freely visited the flat during the absence of Raevskaya-Repnina. This visits were utilized by Ramazanova to collect her own belongings, but also the documents and expensive items of Raevskaya-Repnina.

It was also discovered that during this time Ramazanova was actually employed by PJSFC Sistema to report to Raevskaya-Repnina’s former manager, Uzdenov. Uzdenov previously appeared in the press as an accomplice of Colonel Zakharchenko, a defendant in the criminal case about the shootout on Rochdelskaya street. While Raevskaya-Repnina was living in Ramazanova’s apartment, Raevskaya-Repnina’s title documents for the companies BOOST, HASHEIGHT, Smart Expert, a car, real estate, documents for patents and inventions were stolen, and a large number of personal belongings were stolen. The impudence of the criminals’ actions was explained by the fact that they were sincerely confident that Raevskaya-Repnina would never leave this apartment alive, as described in the episodes about the Bananamama and Slater companies. After the fact of the theft of things and documents became clear, and Raevskaya-Repnina contacted the police regarding the theft of documents and raider seizure of property, Ramazanova returned some of the documents to Raevskaya-Repnina, including the BOOST charter in an embroidered form, from which they tried to pull out a sheet with information about founder Raevskaya-Repnina and presumably replace her name by someone else. Thus, among the documents returned to Raevskaya-Repnina, the embroidered charter of the HASHEIGHT company was also returned to her. In the original version of the charter, two participants were participated in the company’s equity. Therefore, to capture the company, it was necessary to replace the sheet with data from Raevskaya-Repnina and another participant in the Charter with a sheet also with data from two other participants. When the embroidered HASHEIGHT charter was returned to Raevskaya-Repnina, an inscription of two surnames was found on its back - “Varivoda, Sidorov.” Presumably, the company HASHEIGHT should have been re-registered under these persons, who are mentioned in mass media as founders of the own IT holding. The inscription was made by a former BOOST employee, Tatyana Romanova, who was fired from BOOST in 2018. Since these illegal actions were carried out by Ramazanova in collusion with Oleg Yakovlev, Oksana Bobyleva, representatives of the Orekhovskaya gang, and at the time when Ramanzanova was an employee of the Investlesprom company, an insider of the group of PJSFC Sistema and was included in the list of its affiliates, and was hired by the management of PJSFC Sistema who managed the company Investlesprom, BOOST also acquired the claims on its balance sheet in connection with the participation of PJSFC Sistema and the Investlesprom company in illegal activities against BOOST and its sole beneficiary, owner and manager Raevskaya-Repnina. The crime compositions, which imputed to these participants are the attempted murder under Art. Art. 277, 355, 356 of the Criminal Code of the Russian Federation, attempted raider takeover of the BOOST company, complicity in the raider takeover of the HASHEIGHT company, and Raevskaya-Repnina’s personal property for the purpose of illegal takeover, including her inheritance rights, and murder of her dog.

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