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Russian - Irish Business Council launches an inquiry into Russian businessman

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The Russian Irish Business Council has launched a broad inquiry into alleged illegal activities of Russian businessman Mr. Sergey Govyadin and his close associate Mr. Ildar Samiyev.

The Council, unifying companies working in the UK, EU and Russia, have sent a letter to HSBC and a number of other financial institutions in the UK requesting information the banks might have about Mr. Sergey Govyadin. It alleges that both he and Mr. Samiyev were obviously involved in money laundering and other illegal purposes via the UK legal system and the UK offices of HSBC. The Council asks to investigate possible acts of fraud by Mr. Govyadin and Mr. Samiyev.  This information was also sent to the US Internal Revenue Service for consideration and possible feedback due to its criminal background. There are indications that both are using the US monetary mechanisms for their illegal activities. Full copies of these letters can be read at the foot of this article, whilst numerous legal papers are in EU Reporter's possession.

The story of Sergey Govyadin has much in common with other infamous "new riches" from Eastern Europe who have a profound criminal portfolio.

Sergey Govyadin

Sergey Govyadin

Visibly a prosperous real estate businessman and developer, Sergey Govyadin is alleged in Russian media as being involved in many criminal cases related to fraud and other criminal incidents on selling elite property and apartments in luxurious districts in Moscow. Newspapers in Russia call Mr. Govyadin a "shadow influencer" alleging corrupt connections with a number of police authorities.

Togather with Ildar Samiyev, Mr. Govyadin has long been featured in the Russian criminal chronicle as a scandalous person, primarily found in fraudulent deals with private property and luxe apartments in fabulous districts in Moscow and in its suburbs. Back in 2015, Govyadin was “crowned” as a “successful millionaire” by tabloid press. By that time he was married to the beauty pageant - Miss Russia.  However, his name remains on the lists of fraudsters and corrupt officials published from time to time by the media.

According to them, Govyadin and Samiev denigrate other people who are their partners, in order to justify their allegedly illegal transactions. In Moscow, a high-profile trial has long been underway in the case of developer Albert Khudoyan, whom Govyadin and Samiev accused of fraud and deception. As a result, the businessman was arrested. His case became additionally known due to violations on the part of the investigation. Some corrupt law enforcement officials tried to profit from his arrest according to the media.

Russian business ombudsman Boris Titov has already defended Khudoyan. However, the process against him continues. Khudoyan suffers from heart disease.

The alleged illegal activities of Govyadin and Samiyev have a long history.

Ildar Samiyev

Ildar Samiyev

For example, together with Ildar Samiev, Govyadin is alleged to have taken part in the withdrawal of funds from Russian Svyaz Bank. He is alleged to have been involved in fraud with apartments in the elite Knightsbridge residential complex in Khamovniki district of Moscow, as well as a number of other stories.

For example, back in 2014, Optima property management LLC, owned by Govyadin, took $ 95 million loan from the state-owned Svyaz Bank and used the funds to purchase 22 apartments in the elite Knightsbridge residential complex under construction in Khamovniki. This company was controlled by Sergey Govyadin and Ildar Samiev through a chain of companies, namely the Russian LLC "Eurofinance" and the English company Mansfiled Executive Limited (from 25 to 50 percent of Mansfiled Executive Limited belongs to Govyadin, according to the Endole database). At the same time, the price of apartments under the deal was inflated, which allowed to actually withdraw more than a billion rubles from the state Bank.

The residential complex was constructed in 2016. Probably, because of the extremely high price, the purchased apartments remain on the balance sheet of Optima property management, since it is impossible to sell them at such a high price. Optima properties has not yet returned the debt to the Bank, and in 2018 Svyaz Bank filed a lawsuit to recover $ 95 million from Optima property management, but failed. As a result, the state, which is the owner of Svyaz Bank, suffered, having completed its rehabilitation in 2011. The debtor has apartments on the balance sheet that are unlikely to cost more than 50 percent of the debt amount, and more than 1 billion rubles settled on the accounts of the developer Knightsbridge, controlled by Govyadin.

It is obvious that the request of the Russian Irish Business Clouncilwill be an occasion for more close and detailed attention to the illegal activities of Govyadin & Co. British and American financial institutions will hopefully be held accountable of those international speculators.

Source information

HSBC letter

 

 

USA tax letter

 

Brexit

Irish PM confident on Brexit, believes British PM wants deal

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Ireland’s prime minister (pictured) has said he thinks Britain and the European Union will strike a post-Brexit trade deal and that the resumption of talks this week is a good sign despite the challenges that remain, writes Padraic Halpin.

Both sides have said they made good progress in the latest talks on a last-minute trade deal that would stave off a tumultuous finale to the five-year-old Brexit crisis, but fish is still the biggest sticking point.

“My gut instinct is that the (British) prime minister does want a deal,” Irish Prime Minister Micheal Martin told an online conference.

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EU

Ireland may tighten COVID-19 restrictions further - deputy PM

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Houses are seen behind a sign for a closed main walkway amid the coronavirus disease (COVID-19) pandemic, in Galway, Ireland, October 5, 2020. REUTERS/Clodagh Kilcoyne

Ireland is more likely to tighten its COVID-19 restrictions in the coming weeks than to ease them, and may decide on Wednesday to impose new measures in areas bordering Northern Ireland, deputy prime minister Leo Varadkar said on Wednesday (14 October), writes Conor Humphries.

“We are more likely to see a tightening of restrictions in the weeks ahead than an easing of restrictions,” Varadkar told Newstalk Radio, adding that the government would decide whether to respond to new restrictions expected in Northern Ireland.

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coronavirus

Ireland to cushion tough COVID-19 restrictions with budget billions

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Ireland’s government will offer in its budget for 2021 on Tuesday more support to those most impacted by some of Europe’s toughest COVID-19 restrictions and will also try to prepare for the added threat of a no trade deal Brexit, writes Padraic Halpin.

Like other countries, Ireland has spent aggressively to contain the pandemic crisis with billions of euros in emergency jobless benefits, wage subsidies and business loan guarantees, turning last year’s budget surplus into a forecast deficit of 6.1% of gross domestic product (GDP) for 2020.

With the damage to the state finances not as bad as feared, ministers have a much bigger budget pot available. Sources familiar with the process say the spending plan is set to include a multi-billion euro Brexit and COVID-19 recovery fund and a VAT cut for the hard-hit hospitality sector.

The deficit is set to dip to just below 6% of GDP next year as a result of the new measures, one of the sources said. [L8N2H34D7]

“This budget will focus on how we can support our country in dealing with the immediate challenges of the COVID-19 pandemic and the consequences of a no trade deal Brexit,” Finance Minister Paschal Donohoe told reporters last week.

“But of course as we focus on those priorities we also have to continue to look at how we can make progress on the other core issues facing the government, that of housing, that of healthcare and that of climate change.”

While Ireland’s central bank forecasts that GDP may fall by as little as 0.4% this year, the relatively robust performance is being driven by the less affected export sector and masks an uneven recovery that has left unemployment stuck at around 15%.

A tightening of lockdown restrictions last week - banning indoor service in pubs and restaurant nationwide - will add to pressure on the domestic economy.

Donohoe and Public Expenditure Minister Michael McGrath are also expected to signal that the temporary wage subsidy and emergency unemployment schemes will not be removed suddenly at the current cut-off of April 2021.

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