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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.

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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.

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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

 

Ireland

Simon Coveney: Irish foreign minister to face confidence vote

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Irish Foreign Minister Simon Coveney (pictured) is to face a confidence vote later when the Dáil (Irish parliament) returns from its summer recess, writes the BBC.

Coveney has been criticized for his handling of the appointment of former government minister Katherine Zappone as a UN special envoy.

He has denied that he was lobbied to appoint her but apologised for not informing cabinet before a meeting in July.

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She has since turned down the post.

Sinn Féin has tabled a motion of no confidence in Mr Coveney, but the government is to put down a counter, confidence motion which will be debated by TDs (members of parliament) and voted on later.

Taoiseach Micheál Martin, of Fianna Fáil, described it as an "oversight" that Coveney had not informed his government colleagues about the appointment ahead of the cabinet meeting, a move which has been reported to have caused divisions.

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Coveney's party, Fine Gael, is part of a coalition with Fianna Fáil and the Green Party.

Katherine Zappone
Katherine Zappone was a ministerial colleague of Simon Coveney and Leo Varadkar

It later emerged that Coveney's party leader Leo Varadkar had not been aware of the appointment of a "Special Envoy to the UN for Freedom of Opinion and Expression" until a week before cabinet, when Zappone texted him about it.

In messages released by Varadkar in September, he showed that he subsequently asked Coveney about the role before the cabinet meeting in July.

Zappone replied that her contract was soon to be finalised.

On 4 August, Zappone announced she would not take on the special envoy position as she believed "it is clear that criticism of the appointment process has impacted the legitimacy of the role itself".

Sinn Féin President Mary Lou McDonald has called for Coveney to be sacked and raised the prospect of a vote of no confidence.

She branded his actions as not being "of the standard expected of a minister".

The Labour Party has indicated that it does not have confidence in the government, but leader Alan Kelly said there were "bigger issues" than the row.

On Tuesday (14 September), Coveney told a party conference that he was "embarrassed" that the appointment had led to a "fiasco".

"It's not been my finest month in politics," he said.

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Brexit

Commission approves €10 million Irish support measure for fishery sector in the context of Brexit

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The European Commission has approved, under EU state aid rules, a €10 million Irish scheme to support the fishery sector affected by the withdrawal of the UK from the EU, and the consequent quota share reductions foreseen in the provisions of the Trade and Cooperation Agreement (TCA) between the EU and the UK. The support will be available to companies that commit to temporarily cease their fishing activities for a month.

The aim of the scheme is to save part of the Irish reduced fishing quota for other vessels, while the beneficiaries temporarily suspend their activities. The compensation will be granted as a non-refundable grant, calculated on the basis of gross earnings averaged for the fleet size, excluding the cost of fuel and food for the crew of the vessel. Each eligible company will be entitled to the support for up to a month in the period between 1 September to 31 December 2021. The Commission assessed the measures under Article 107(3)(c) of the Treaty on the Functioning of the European Union (TFEU), which allows Member States to support the development of certain economic activities or regions, under certain conditions.The Commission found that the measure enhances the sustainability of the fishery sector and its ability to adapt to new fishing and market opportunities arising from the new relationship with the UK.

Therefore, the measure facilitates the development of this sector and contributes to the objectives of the Common Fisheries Policy to ensure that fishing and aquaculture activities are environmentally sustainable in the long term. The Commission concluded that the measure constitutes an appropriate form of support in order to facilitate an orderly transition in the EU fishery sector following the withdrawal of the UK from the EU. On this basis, the Commission approved the scheme under EU State aid rules.

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Today's (3 September) decision does not prejudge whether the support measure will eventually be eligible for Brexit Adjustment Reserve ‘BAR' funding, which will be assessed once the BAR Regulation has entered into force. However, it already provides Ireland with legal certainty that the Commission considers the support measure to be compliant with EU State aid rules, irrespective of the ultimate source of funding. The non-confidential version of the decision will be made available under the case number SA.64035 in the state aid register on the Commission's competition website once any confidentiality issues have been resolved.

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Unmasked: 23 detained over COVID-19 business email compromise fraud

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A sophisticated fraud scheme using compromised emails and advance-payment fraud has been uncovered by authorities in Romania, the Netherlands and Ireland as part of an action co-ordinated by Europol. 

On 10 August, 23 suspects were detained in a series of raids carried out simultaneously in the Netherlands, Romania and Ireland. In total, 34 places were searched. These criminals are believed to have defrauded companies in at least 20 countries of approximately €1 million. 

The fraud was run by an organised crime group which prior to the COVID-19 pandemic already illegally offered other fictitious products for sale online, such as wooden pellets. Last year the criminals changed their modus operandi and started offering protective materials after the outbreak of the COVID-19 pandemic. 

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This criminal group – composed of nationals from different African countries residing in Europe, created fake email addresses and webpages similar to the ones belonging to legitimate wholesale companies. Impersonating these companies, these criminals would then trick the victims – mainly European and Asian companies, into placing orders with them, requesting the payments in advance in order for the goods to be sent. 

However, the delivery of the goods never took place, and the proceeds were laundered through Romanian bank accounts controlled by the criminals before being withdrawn at ATMs. 

Europol has been supporting this case since its onset in 2017 by: 

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  • Bringing together the national investigators on all sides who have seen been working closely together with Europol’s European Cybercrime Centre (EC3) to prepare for the action day;
  • providing continuous intelligence development and analysis to support the field investigators, and;
  • deploying two of its cybercrime experts to the raids in the Netherlands to support the Dutch authorities with cross-checking in real-time information gathered during the operation and with securing relevant evidence. 

Eurojust co-ordinated the judicial co-operation in view of the searches and provided support with the execution of several judicial cooperation instruments.

This action was carried out in the framework of the European Multidisciplinary Platform Against Criminal Threats (EMPACT).

The following law enforcement authorities were involved in this action:

  • Romania: National Police (Poliția Română)
  • The Netherlands: National Police (Politie)
  • Ireland: National Police (An Garda Síochána)
  • Europol: European Cybercrime Centre (EC3)
     
EMPACT

In 2010 the European Union set up a four-year policy cycle to ensure greater continuity in the fight against serious international and organised crime. In 2017 the Council of the EU decided to continue the EU Policy Cycle for the 2018 - 2021 period. It aims to tackle the most significant threats posed by organised and serious international crime to the EU. This is achieved by improving and strengthening cooperation between the relevant services of EU member states, institutions and agencies, as well as non-EU countries and organizations, including the private sector where relevant. Cybercrime is one of the priorities for the Policy Cycle.

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