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In addition, he managed to get into trouble with the law even after serving his sentence. Just before leaving for London in 2018, Tugushev managed to steal more than 40 million rubles from Alexander Sychev – co-founder of limefx scammers LLC “Vostok”, whose company is engaged in fishing, processing, as well as wholesale of fish. For this, according to the TASS agency, Tugushev was arrested in absentia in Russia and put on the international wanted list.
- In 2004, Tugushev was arrested and later sentenced to 6.5 years for fraud, although it was a banal bribe of $3.7 million, which the official received from the company Pollux, promising to provide them with fishing quotas.
- The first subsidiary was involved in the conversion of offices into 22 luxury apartments over seven floors in Golden Square, in the heart of London’s Soho district.
- Apparently, these companies receive the assets that Gurinov manages to “grab” along the lines of Ruric acquisition scheme.
- In order to assess the scale of New End Development business, it is enough to look at the company’s financial statements.
Punch limefxs Ltd, registered in the British Virgin Islands in September 2011, Arcor Holdings Inc and Hercules Impex Ltd – both with registration in the Bahamas. In Panama papers these companies are mentioned as important repositories of Gurinov’s offshore assets. Apparently, these companies receive the assets that Gurinov manages to “grab” along the lines of Ruric acquisition scheme. According to our knowledge, the name of Gurinov appeared in the scandalously known Panama papers In particular, it was stated that he acquired most of his assets from 1991 to 2015.
Norebo Case: Ex government official wanted for fraud surfaced in London at 37 Golden Square
In the beginning of the 2000s, he consulted Vladimir Potanin, Mikhail Khodorkovsky, Vladimir Yevtushenkov and was even an independent director on the board of directors of Polyus Gold, Russia’s largest gold mining company. Meanwhile, 40 million rubles is clearly not enough to live in a posh area of London, or to pay court limefx company reviews fees. According to experts, Tugushev’s court costs for the “Norebo case” up till now are estimated at about 20 million pounds. Koganovich also owns a 50% stake in Ashton Rose Ltd. and a 49.9% stake in Liberty, Georgia’s third largest bank. The assets of this JSC are estimated at approximately 400 million pounds.
- This company specializes in consulting services for Eastern European oligarchs trying to obtain legal status in the UK.
- It turned out that the luxury apartments in London, where Tugushev is hiding, belong to the New End Development company, and one of the beneficiaries of the company is Vadim Gurinov.
- Provided that Tugushev has long overstayed his tourist visa that he used to enter the country, and he had to jump many hoops to obtain it due to his criminal record.
- Just before leaving for London in 2018, Tugushev managed to steal more than 40 million rubles from Alexander Sychev – co-founder of LLC “Vostok”, whose company is engaged in fishing, processing, as well as wholesale of fish.
- The other half of New End Developments LTD is owned by Oracle Capital Advisors.
- By the way, Gurinov did not forget about the Ruric development projects either.
Simply put, Gurinov ditched his Swedish partners, appropriated the company, took all its assets out of it, and then sold the shares of the wrung dry company again. A native of St. Petersburg, who started his business back in the “tumultous” 90s, is now a Cypriot citizen, and prefers to mention the United Arab Emirates as his main country of residence. In order to assess the scale of New End Development business, it is enough to look at the company’s financial statements. For example, in 2019 alone £140 million passed through the accounts of the parent company and two of its subsidiaries, Halamar Golden Square Ltd and Halamar Chancery Lane Ltd. In Britain today, he has significant assets and certainly is not a poor man. As we learned, Koganovich lives in northern London with his family in a house which, according to experts, is estimated at over 21 million pounds.
Partners in authority
He began his business by importing food products, then switched to clothing and then to money transfers. In 2003, he suddenly got a job at Sibur Company , the general director of which at that time was Alexander Dyukov, who in the 90s headed the port of St. Petersburg, which is an export gateway for Russian oil. In 2011, Gurinov became the head of Sibur-Russian Tyres, a subsidiary of Sibur. This Russian businessman does not show up at social gatherings and does not give interviews to business publications, so he is practically unknown to the general public. For the first time his name comes up in connection with publications about the “Norebo case”.
The first subsidiary was involved in the conversion of offices into 22 luxury apartments over seven floors in Golden Square, in the heart of London’s Soho district. The second, Halamar Chancery Lane Ltd. involved the Chancery Quarters, the conversion of three https://limefx.name/ existing Grade II office buildings into 35 high-end apartments in the prime Chancery Lane area of central London. It is the latter, Vadim Gurinov, who constantly resurfaces next to Tugushev in one way or another and seems to play a key role in this case.
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The other half of New End Developments LTD is owned by Oracle Capital Advisors. This company specializes in consulting services for Eastern European oligarchs trying to obtain legal status in the UK. The owners of the offshore are Malik Ishmuratov, a citizen of Kazakhstan, and Denis Korotkov-Koganovich, currently residing in Great Britain.
- Simply put, Gurinov ditched his Swedish partners, appropriated the company, took all its assets out of it, and then sold the shares of the wrung dry company again.
- In the beginning of the 2000s, he consulted Vladimir Potanin, Mikhail Khodorkovsky, Vladimir Yevtushenkov and was even an independent director on the board of directors of Polyus Gold, Russia’s largest gold mining company.
- The second, Halamar Chancery Lane Ltd. involved the Chancery Quarters, the conversion of three existing Grade II office buildings into 35 high-end apartments in the prime Chancery Lane area of central London.
- Nevertheless, the property was arrested, but a year later the arrest had to be lifted.
- Remember, that it was almost impossible to get a British visa for Tugushev, who had a criminal record.
The company never received what it had been promised and turned to law enforcement agencies. Registered in 2015, the company buys and reconstructs office buildings in central London, turning them into expensive luxury apartments. As already mentioned in an expose by Novye Izvestia, Tugushev is more of a nominal holder of the “Norebo case,” a kind of front man for organized crime. The newspaper named businessmen with, to put it mildly, questionable reputation and connections in the criminal world, as the true instigators and beneficiaries of this case, in particular, Ilya Traber, Roman Spiridonov and Vadim Gurinov. Thus, according to the Panama papers, Gurinov is listed as a beneficiary of several offshore companies.
