The Prosecutor General’s Office of the Russian Federation will apply to the USA for legal assistance in checking transactions with Gazprom shares where W. Browder participated
19 may 2016, 20:00
At the moment the investigative authorities of the Russian Federation are investigating a number of criminal matters on illegal acquisition from 1997 to 2005 of no less than 200 million of shares of the Public JSC Gazprom, evasion of paying taxes and deliberate bankruptcy of a number of companies.
It was established that in the indicated period of time the investment fund Ziff Brothers Investments, which is the US tax resident and which belongs to New-York billionaires Ziff brothers, through the network of smaller US and offshore companies transferred monetary means on accounts of specially established Russian legal entities which subsequently bought Gazprom shares on Saint-Petersburg and Moscow broker stock exchanges in violation of the effective at that moment Decree of the President of the Russian Federation “On the order of distribution of shares of the Public JSC Gazprom”. The overall management of the process was conducted by an international group, which included Ziff brothers, William Browder, Jamison Firestone and other persons.
In 2006 the shares were transferred to the Cypriot company Giggs Enterprises Limited and obtained monetary items under the guise of dividends were transferred to another legal entity, so that the Russian budget received less taxes in the amount of more than 1 billion rubles. Further the monetary items and shares were received on the account of American companies, managed by Ziff brothers’ fund. The Russian investigative authorities have grounds to believe that these actions violated a number of US laws, including Investment Activities Act, and can be a reason for initiating a criminal case by the American competent authorities.
At the present moment the Prosecutor General’s Office of the Russian Federation is working on a request for mutual legal assistance to our colleagues in the United States of America, where they are asked to check the said transactions for compliance with the American financial and tax legislation, as well as provide necessary information on the scheme of withdrawal of Russian assets, with the aim of concluding the investigation on the territory of the Russian Federation and take the case to court.