Source: management of companies “KES” and “Renova” have derived profit in offshore

© Nikolay Galkin/TASS

MOSCOW, March 20. /TASS/. The leadership of the power company “KES”, later renamed “T Plus” and its parent company Renova in 2003-2008 allowed corporate profits offshore, and used the funds investment programs to repay loans and purchase of shares in generating and sales companies, TASS said a source close to the investigation in the case of the former head of Komi Vyacheslav Gaizer.

See also

The former head of Komi Gaiser is on the case “Renova” and “T Plus” as a witness

Sun Komi has left under arrest of the owner of “Renova” Olkhovyk

Renova has prepared materials on the activity of “T Plus” in 16 regions

Defendants in the case “T Plus” was charged

The case Gayzer revealed corruption schemes in housing and communal services of the region, where, according to the investigation, local authorities received bribes from the energy companies for the granting of preferences in the conduct of business and maintenance of high energy prices . The investigation also accuses the former managers of the energy holding “KES” and “T Plus” in the country the former leaders of Komi of bribes more than 800 million rubles.

According to the source, the investigation in these cases also revealed the scheme of withdrawal and in other regions, where there is “T Plus”.

“In the period from 2003 to 2008 the profit from the activities of ZAO “KES” and Renova group was deduced by the management of companies outside of Russia to overseas accounts,” said the source.

ZAO “Integrated energy systems” was created as a result of the electricity reform and restructuring of RAO “UES of Russia”. As a result, KES became the largest Russian private energy company in the production and sale of thermal and electric energy for the population and enterprises.

His successor “T Plus” provides energy to 16 regions of Russia. The company’s clients include more than 14 million citizens and more than 160 thousand enterprises. The share of the company accounted for almost 5% of electricity production and about 8% of the market of district heating.

Through various schemes

The defendants in the case about corruption in Komi Republic at the moment are the former General Director of “T Plus” Boris Vainziher, ex-Director of ZAO “KES” and the owner of “Renova” Yevhen olkhovyk and another former head of JSC “IES” and former head of telecommunication company “VimpelCom” Mikhail Slobodin.

Vainzikher and olkhovyk was arrested after a complaint from the acting Governor of the region Sergey Gaplikov President Vladimir Putin in August of 2016 for the unavailability of power for the heating season. Slobodin is abroad.

According to the source, the management of KES has used funds intended for implementation of investment programs in accordance with the obligations under the contracts for supply of power (PDM) for the repayment of loans and purchase of shares in generating companies. Such contracts involve the payment of the cost of construction of generating capacity through higher tariffs.

“The sum of the supply agreement of power, used inappropriately, “IES” CJSC amounted to 33.9 billion rubles. These funds through offshore company focused on debt service and the acquisition of new assets,” – said the source.

According to him, in accordance with the decree of the Ministry of energy and the government of the KES also had to send 41.2 billion roubles were raised during the issue of shares in subsidiary generating companies, the construction of additional capacity.

“However, the management of JSC “IES” the funds were wrongfully used to repay loans through various schemes used to purchase the missing shares in order to exercise control over the generating companies and operational management,” said the source.

Fuel diagram

According to the source, as a result of actions of the management of the company’s total debt today stands at about 170 billion rubles, of which about one-third of the debt owed to the savings Bank for loans for the purchase of shares in generating companies.

The source also said that “T Plus” uses the schema associated with advances in the fuel supply, to withdraw funds in favor of the parent company Renova, which creates a risk of disruption of fuel supplies to the regions.

“In all the constituent entities of the Russian Federation, where there are company ZAO “KES”, from 2010, the practice of “fuel circuit”, which is implemented for the purpose of withdrawal from THC (generating companies – approx. ed.) in favor of GK “Renova”, – said the source. According to him, revenues and credit facilities of generation and sales companies included in the “T Plus”, was also used to pay off debts “T Plus” and “Renova”.

In addition, according to the source, IES inflated costs in their controlled generation and distribution companies to increase the amounts that are subsequently derived from the country with the use of offshore companies, particularly the so-called “Israeli Fund”, which is controlled by “Renova”, and a number of service companies.

“To increase the amounts that are displayed through these schemes, was made artificially high costs in THC (generating companies – approx. ed.) and sales (sales companies – approx. ed)”, – said the source. According to him, through the service company IES brought to offshore accounts “Renova” over 99 billion rubles.

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