
By John Helmer, Moscow
Mikhail Fridman (lead image, left) has enough problems not to want to make his position worse in the US, Europe and Russia – all at the same time.
There have been recent protests outside Fridman’s Alfa Bank branches in Moscow, St. Petersburg and Nizhny Novgorod, as well as inside the State Duma in Moscow, accusing Fridman of helping to finance the troops of the Kiev regime in combat on the Novorussian front.
Fridman’s Russian telecommunications company Vimpelcom – headquartered in Amsterdam, listed on the Nasdaq Stock Market in New York – has been under close supervision by US Government inspectors as part of an anti-corruption settlement of its activities in Uzbekistan a year ago. Then last week in Madrid, Fridman and Vimpelcom were reported to be under joint US-Spanish investigation for a fraudulent takeover attempt at the Spanish telecommunications and games provider, ZED+; and allegedly for paying bribes through ZED+ companies in Russia to associates of the current Russian Interior Minister, Vladimir Kolokoltsev.
The former chief executive of Vimpelcom Russia, Mikhail Slobodin, is in hiding, on the run from a corruption indictment filed in the Russian courts last September.
Fridman’s LetterOne holding has announced from London it will not be investing in Russia in future, and prefers the US instead. “It’s too risky,” Fridman told Bloomberg last year.
So why have the risk-averse Fridman and the fugitive Slobodin engaged the San Francisco-based, Russian-speaking Ukrainian Gregory Shenkman (lead image, right) when Shenkman is currently facing multiple court claims in Pennsylvania, Delaware, and California for millions of dollars in unpaid debts, alleged embezzlement, and sexual harassment? Sources in California and also in Italy, where Shenkman has been seen in recent days, claim Fridman needs the American “to hustle for the next generation of data applications technology — apps — to install on telephone devices and revive growth of revenues and profits. Shenkman is part of Fridman’s business shift out of Russia. But like ZED+, Shenkman is a big risk in the US.” (more…)
by Editor - Tuesday, January 24th, 2017
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