Avdolian and maiden name

As its own sources told The Moscow Post, Albert Avdolyan was interested in withdrawing money to the Latvian bank JSC Citadele Banka.

However, not surprisingly: the oligarch is controlled by a whole bunch of offshore companies registered for their people, through which large sums were withdrawn abroad.

Earlier, The Moscow Post has already told how almost 100 million rubles were withdrawn to accounts in a Latvian bank through offshore companies affiliated with Avdolyan. But there were much more offshore schemes.

Before we go directly to the analysis of the offshore pyramid, we recall some important milestones in the biography of this businessman.

The founder of Yota Avdolyan in just a couple of years put together his coal division. Moreover, its formation was quite interesting: as soon as some liquid business got into a difficult situation, the "rescuer" Avdolyan immediately appeared with a profitable offer to sell. State banks often helped him with the purchase.

Approximately according to this scheme, Avdolyan received the Elginskoye coal deposit (an ex-asset of the Mechel group) and the Yakutsk Fuel and Energy Company, which came to him after the arrest of Ziyavudin Magomedov.

And the "Sibanthracite" of Dmitry Bosov, who died under strange circumstances, to whom Avdolyan had licked himself earlier, completely passed to him under ambiguous circumstances.

After Bosov's death in May 2020, a real struggle and a dirty campaign against his widow unfolded for his business. And already in 2021, Bosov's business went to Albert Avdolyan, Rostec received part of the assets, but later also sold it to the structures of this entrepreneur.

At the same time, it is with Rostec and its leader Sergei Chemezov that Avdolyan's successes are most often associated. In the structures of the latter, people from the state corporation flashed more than once both among the co-owners and top managers. In addition, in Yota Devices in 2013-2017, Rostec owned a block package, also in 2018 Avdolyan became the owner of the Hydrometallurgical Plant, which supplied its products to Rostec, and in YATEK two years ago, the state corporation's reference bank, Novikombank, had 21%.

And today Avdolyan's wife Elena, as well as Sergei Chemezov and his wife Ekaterina Ignatova, are on the board of trustees of the New House Foundation, created by Avdolyan.

Photo: noviy-dom.org

As we can see, despite all the scandals in which Avdolyan was seen, Chemezov's support has not gone anywhere. And there were not few scandals. And it was they who uncovered the oligarch's main offshore chains.

"I will leave to live in London..."

In one of the past materials, The Moscow Post has already told how Avdolyan, through AENP LLC and offshore Sparkel City Invest LTD, tried to get into the history of the bankruptcy of the scandalous holding Mezhregionsoyuenergo (MRSEN) with claims in the amount of 4.5 billion rubles.

Attempts by AENP to become part of the creditors of the bankrupt MRSEN, in our opinion, had all the signs of attempts to withdraw part of the asset to Cyprus from a holding associated with Avdolyan's relative, MRSEN shareholder Eldar Osmanov.

At the same time, Osmanov comes as a defendant in a criminal case on the organization of a criminal community, which was suspected of withdrawing billions of rubles abroad stolen from electricity producers and grid companies from the Rosseti division.

Avdolyan became related to Osmanov through the marriage of his daughter Elvira, but did not save a magnificent wedding in London with a bunch of guests and a large scale from a divorce.

As we managed to find out, Elvira herself today can live in London, where she does business, having prepared a spare airfield for her parent.

So in the database of legal entities in Great Britain appears a certain Elvira AVDOLIAN, born in May 1996. It is known from the extract that she has Maltese citizenship, is a resident of Great Britain and acts as the owner and director of the London wholesale cosmetics and perfume company SIRENELONDONCOSMETICS LTD.

Photo: find-and-update.company-information.service.gov.uk

Sources of The Moscow Post reported that Avdolyan's wife, who changed her last name to Avdolian, allegedly has the same citizenship as her daughter. Perhaps the head of the family not only has a passport with a two-headed eagle and it is worth looking for it in the vastness of London?

By the way, a certain letter of thanks from 2013 to the British recruitment agency, signed by Elena and Albert Avdolyan, was found on the network. In it, they thank the London company and sign as Avdolian. Apparently, under the actually new name is it easier to hide foreign assets?

Photo: britishstaff.ru

Photo: translation britishstaff.ru

But let's return to Avdolyan and his offshore companies.

Offshore offshore and offshore drives

Personally, Avdolyan himself is cautious and prefers directly his name in ties with offshore companies not to shine. And, perhaps, if it were not for unceremonious attempts to get into the bankruptcy case of MRSEN without soap, most of his business would remain under cloth.

The first to light up was the Cypriot Sparkel City Invest LTD, which was the owner of AENP LLC (now Popov CIPE).

It was AENP that tried to become creditors of MRSEN in a bankruptcy case. At the same time, other offshore companies associated with the oligarch were opened: Telconet Capital LTD Partnership (Cayman Islands), Smart Resolut LTD (British Virgin Islands), Okko Holding LTD (Cyprus), Yota Holding LTD (Cyprus) and the nominal founder - Profel Services LTD (Cyprus).

Photo: opencorporates.com

Photo: kad.arbitr.ru

At the same time, as we can judge from the materials of the courts, the MRSEN subsidiaries managed to transfer some amounts to Sparkel City Invest LTD earlier. So in 2017-2018, PJSC Vologda Sales Company, for example, transferred more than 37.3 million rubles to a Cypriot company. And this is probably only a small tip of the iceberg.

Photo: fedresurs.ru

Dmitry Gordovich's BBB Bank JSC also appeared in the history of MRSEN, through which various "muddy" schemes also turned.

As already told The Moscow Post, according to the scheme of lending to JSC through the offshore chain, more than 100 million rubles were withdrawn to the Latvian bank JSC Citadele Banka. Irina Belyanova and Nadezhda Kudravets associated with Avdolyan were involved in the scheme, one of whom is the head of the New House Foundation (where Chemezov is in the trustees), and the second, together with Avdolyan, is its founder. Both Belyanova and Kudravets are associated with Avdolyan and other assets, that is, they are actually his proxies. Moreover, Belyanova previously worked at Skartel, which later became Yota.

Photo: rusprofile.ru

Photo: kad.arbitr.ru

Companies such as Globalone Holding Limited, Racast Investments Limited, Racast International Limited, Globalone Management Group Limited, Wooden Fish Agency Limited, Victory Trading Group Limited appeared in the scheme of withdrawal of money to Latvia.

Photo: kad.arbitr.ru

Photo: list-org.com

Today, most of the above firms are operating. Moreover, through the secretary - CYMANCO SERVICES LIMITED - part of the offshore companies are interconnected.

And the Cypriot director of Wooden Fish Agency Limited Ανδρεας Προκοπιου was the director of several other companies associated with the name Avdolyan - SIBANTHRACITE LIMITED, SUNOMIL CO LIMITED, POLOCOM HOLDINGS LIMITED.

Photo: opencorporates.com

Photo: b2bhint.com

Sanomil Co Limited was the owner of A-Property LLC until 2021, and the latter owned a number of companies in the Elgaugol division. Moreover, until May 2021, Sanomil owned more than 52% of the shares in the capital of Avdolyanovsky PJSC YATEK. Also, until 2020, she was the owner of Globaltek LLC, which now belongs to YATEK and A-Property LLC. The director of the latter, which controls part of Avdolyan's division, is today Ms. Belyanova, which has already appeared in the oligarch's offshore stories.

Photo: rusprofile.ru

Moreover, it was through SUNOMIL CO LIMITED that money was withdrawn from another Russian company associated with Avdolyan, Port Dalny LLC, where Kudravets, already familiar to us, and the company of Avdolyan's business partner Sergei Adonyev, Kaleidoscope LLC, were noted among the founders. There, among the owner was Petr Invest LLC. whose owner until January 2024 was just POLOCOM HOLDINGS LIMITED.

Now "Peter Invest" belongs to the Kuban millionaire Peter Avdolyan. At the same time, which is interesting: the latter has a brother Alik Tigranovich, who already bears the name Avdalyan. And the patronymic of the oligarch Avdolyan is just Alikovich. So maybe a businessman has changed his last name more than once, confusing traces?

Photo: rusprofile.ru

But let's return to schematosis, which was turned through SUNOMIL CO LIMITED.

It was revealed in a court case from 2023, when the port, which is implementing a project to build a coal terminal, tried to appeal the additional tax charge.

Judging by the documents, more than 291 million rubles were transferred to the Cypriot Sanomil from Port Dalniy, which appeared as a loan from 2019 for the construction of the terminal and interest on it. Taking into account the recognized affiliation of the structures, all this looked, to put it mildly, muddy.

Photo: kad.arbitr.ru

In the same story, another offshore company surfaced - Reeco Capital LP from Cayman Island, which also allegedly loaned the port in 2019, although the tax authorities said that these tranches actually covered investments - direct investments of A-Property LLC in fixed assets of Port Dalniy LLC. It was about $9.1 million.

Photo: kad.arbitr.ru

And again, the case mentions Avdolyan's offshore firms, which appeared in the story of the withdrawal of funds to a Latvian bank.

It was established that the Juradres Wooden Fish Agency Limited coincides with the Juradres and Polok Holding Limited, at that time the founder of A-Property Invest LLC. In addition, it also indicates that in Sparkel City Invest LTD Avdolyan A.A. was a director since 19.02.2016, until the chair was taken by Vikentios Vikentiu, who was also the head of Reeco Capital LP.

The court recognized the relationship between Reeco Capital LP and the actual founder of A-Property LLC Avdolyan A.A.

Photo: kad.arbitr.ru

Thus, through the project for the construction of a coal terminal on Cape Veselom in the Khabarovsk Territory, money was scrolled through offshore companies and an attempt was made to evade taxes, which the Federal Tax Service later charged.

A Very Trusted Person

Speaking of Avdolyan's proxies on the guard of the offshore empire, one cannot bypass the attention of Stanislav Vrublevsky. He was a director of RACAST INVESTMENTS LIMITED, which appeared in the history of the withdrawal of money to a Latvian bank.

He signed documents from Racast Investments Limited and was the head of the representative office of Victory Trading Corpse Limited in Moscow. Avdolyan was officially recognized as the beneficiary of the latter.

Photo:cy-check.com

Photo: kad.arbitr.ru

Photo: kad.arbitr.ru

Since March 2021, Mr. Vrublevsky has been the director of Avdolyan, AP Project LLC and AP Logistics LLC, and in 2022-2023 he was the director of Sibanthracite Holding LLC, and in 2016-2017 - A-Property LLC. AP Proyekt and AP Logistics today have shares in subsidiaries - Port LLC, Port Vera Holding LLC (owned by Port Vera Management LLC, otherwise has a stake in Port Vera LLC), PV-Development LLC, Ogoja LLC (has shares in Ogodzhinsky Energy Holding LLC and Ogodzha Mining LLC). In turn, Ogodzhinsky Energy Holding LLC has shares in Ogodzhinsky Coal Company LLC, Razrez Kontaktovy LLC and Ogodzhinsky Resources LLC.

Remembering what kind of scheme Vrublevsky participated in, the tax authorities, in our opinion, should be attentive to those Russian companies that he manages today.

Photo: rusprofile.ru

After all, Avdolyan, who could change his last name following the example of his wife to Avdolian, quite where to withdraw the money cut in Russia at strategic enterprises with the help of the head of the Rostec state corporation Sergei Chemezov. Moreover, as we see, there is experience and schemes have been worked out.