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Novichok (Moscow) Times

how Chemezov’s children make billions at a state corporation

by novichoktimes
October 6, 2021
in THE INSIDER
0
how Chemezov’s children make billions at a state corporation

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According to the extracts from Rosreestr at the disposal of the editors, in April 2021 Stanislav Chemezov became the owner of three apartments with a total area of ​​261 sq. m. in the house number 117 on Rublevo-Uspenskoe highway. This is the Club Level Barvikha Residence, located in a prestigious area surrounded by a coniferous forest, just 7 km from the Moscow Ring Road.

Ilya Shumanov, General Director of Transparency International – Russia, draws attention to the fact that the Independent Insurance Group is poorly represented in the insurance market, its top managers are not public, and the company is mainly engaged in servicing the structures of Rostec. In fact, this is a creative structure serving the interests of one holding. “In a situation where the owner of the state contractor of the state corporation is a business partner of the son of the head of the state corporation, albeit in a different business, one can speak of personal interest in concluding transactions. The facts of receiving property benefits in the form of a car for one son and financial benefits in the form of a salary from another son, Chemezov, additionally indicate signs of an unresolved conflict of interests with the general director of Rostec, ”Shumanov said.

Making decisions in the interests of relatives and business partners is a corrupt business card of Russia. According to Shumanov, such corrupt practices cause much more damage to the Russian economy and national security of the country than direct embezzlement of budget funds or bribes.

The Independent Insurance Group and the press service of Rostec did not respond to The Insider’s inquiries. The Chemezov brothers also did not respond to the questions sent to them.

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