Alexander Tschyrkow Involved in Tax Avoidance Scheme in the UK!
According to information obtained by our agency in the course of the journalistic investigation, it was established that Member of the Board of Directors of a notorious bankrupt bank "Electronica" (full name: Alexander Mark Tschyrkow) had earlier participated in the tax avoidance scheme in the UK.
According to information published at www.taxation.co.uk, (http://www.taxation.co.uk/taxation/articles/2001/04/05/953/tax-case-fortune-stake) in regards of the court trial between the State of United Kingdom (represented by Commissioners of Inland Revenue) and Luxemburg bank Banque Internationale a Luxembourg SA, we discovered that the point of this trial concerned the appeal notices submitted by the bank upon the fact of its involvement in the tax avoidance scheme. As a result of this hearing the bank notices were rejected, and the charges stayed in force.
The materials of the trial show that the case concerned a convoluted tax avoidance scheme, financial and bank facilities for which were provided by Luxemburg bank.
As a result of this scheme implementation, a number of UK resident companies were sold to several Irish companies controlled by a few individuals residing in Monaco. Among these very individuals we found Alexander Tschyrkow who, as it turned out to be, associated not only Russian companies that brought damage to government.
We remind you that Alexander Tschyrkow used to be a member of the Board of Directors of the Bank "Electronica" that went bankrupt in 2009. According to the information by "Izvestiya" (http://izvestia.ru/news/546764#ixzz3zOjAw8JX), the Agency of Deposits Insurance (ADI) had informed that due to bankruptcy of Bank "Electronica": "By March 1, 2013, ADI did not satisfy over 1 000 creditors for a total amount of 11.3 bn rubles. Major creditors are establishments of MinComSvyaz - Ministry of Communications and Mass Media of Russia (Federal State Unitary Enterprise "Head Radiofrequency Center" being one of the largest), divisions of "Rosatom", 15 banks, including international ones". In other words, bankruptcy of "Electronica" caused damage primarily to the State.
Back in 2009 Head Investigation Administration of Chief Administration of Internal Affairs of Moscow launched a criminal case upon Article 196 of Criminal Code of Russian Federation ("Premeditated Bankruptcy"). The ruling declared, that in 2007-2008 the credit agreements had been concluded between the Bank and approximately thirty legal entities –"TechProgrammService Ltd.", "Yurservice Consult Ltd.", "Audit Omega Ltd.", "Interim Ltd." and others. The total amount of loans granted under the agreements mentioned above was almost 9 bn rubles, all non-collateral. The debts were never repaid. The legal entities were absent at their registered addresses, and the addresses themselves being the same (in some cases the addresses concurred with the address of Bank "Electronica").
«In his turn, the owner of National Reserve Bank Alexander Lebedev, who had reorganized "Electronica" during the crisis, later claimed to Ministry of Internal Affairs (is in disposal of "Izvestiya"):
«The objective data testify that the bankruptcy of the Bank resulted from the deliberate actions of a group that included Vladimir Romanov, the former CEO of Joint-Stock Commercial Bank "Electronica", aimed at embezzlement and legalization of monetary funds through accounts of various companies, in particular "Overtide Ltd.", "Delcom MTK", "FK"Rosbytsoyuz-Invest Ltd." and many others. – said the letter signed by Anton Dorokhov, Acting Chairman of the Board. – Actions of Romanov V.V. and other individuals show signs of crimes stipulated by Article 159 and Article 174 of Criminal Code of Russian Federation".
Vladimir Romanov, in his turn, was elected for membership at the Board of Directors of Bank "Electronica" together with Alexander Tschyrkow.
(Source: http://moex.com/ru/listing/emidoc-data-facts.aspx?id=1457
Translation:
7) Election of members of the Board of Joint-Stock Commercial Bank "Electronica", Open Joint-Stock Company.
The election was held through cumulative vote. The bulletins of 8,906,226,120 cumulative votes representing 100% of the total amount of votes participating in the election are deemed valid. The candidates:
Zverev Andrey Viktorovich. Voting results: FOR - 983,578,998 votes.
Kol’tsov Konstantin Vasilyevich. Voting results: FOR – 983,594,136 votes.
Lavrentyev Maksim Igorevych. Voting results: FOR - 983,578,998 votes.
Lukin Andrey Ivanovich. Voting results: FOR - 983,578,998 votes. Romanov Vladimir Vitalyevich. Voting results: FOR - 983,578,998 votes. Uglina Galina Semenovna. Voting results: FOR - 983,578,998 votes. Shcherbakov Maksim Valeryevich. Voting results: FOR - 983,578,998 votes.
Fedoseev Yuriy Grigoryevich. Voting results: FOR - 983,578,998 votes.
Tschyrkow Mark Alexander. Voting results: FOR - 983,578,998 votes.
Results of cumulative voting: FOR 8,852,226,120 cumulative votes (99.3937 %). AGAINST ALL – none. ABSTAIN – 54,000,000 (0.6063 %).
Decision accepted. Upon resolution of the General Meeting of shareholders, 9 candidates have been elected for Board of Joint-Stock Commercial Bank "Electronica", Open Joint-Stock Company. )
According to information obtained by our agency in the course of the journalistic investigation, it was established that Member of the Board of Directors of a notorious bankrupt bank "Electronica" (full name: Alexander Mark Tschyrkow) had earlier participated in the tax avoidance scheme in the UK.
According to information published at www.taxation.co.uk, (http://www.taxation.co.uk/taxation/articles/2001/04/05/953/tax-case-fortune-stake) in regards of the court trial between the State of United Kingdom (represented by Commissioners of Inland Revenue) and Luxemburg bank Banque Internationale a Luxembourg SA, we discovered that the point of this trial concerned the appeal notices submitted by the bank upon the fact of its involvement in the tax avoidance scheme. As a result of this hearing the bank notices were rejected, and the charges stayed in force.
The materials of the trial show that the case concerned a convoluted tax avoidance scheme, financial and bank facilities for which were provided by Luxemburg bank.
As a result of this scheme implementation, a number of UK resident companies were sold to several Irish companies controlled by a few individuals residing in Monaco. Among these very individuals we found Alexander Tschyrkow who, as it turned out to be, associated not only Russian companies that brought damage to government.
We remind you that Alexander Tschyrkow used to be a member of the Board of Directors of the Bank "Electronica" that went bankrupt in 2009. According to the information by "Izvestiya" (http://izvestia.ru/news/546764#ixzz3zOjAw8JX), the Agency of Deposits Insurance (ADI) had informed that due to bankruptcy of Bank "Electronica": "By March 1, 2013, ADI did not satisfy over 1 000 creditors for a total amount of 11.3 bn rubles. Major creditors are establishments of MinComSvyaz - Ministry of Communications and Mass Media of Russia (Federal State Unitary Enterprise "Head Radiofrequency Center" being one of the largest), divisions of "Rosatom", 15 banks, including international ones". In other words, bankruptcy of "Electronica" caused damage primarily to the State.
Back in 2009 Head Investigation Administration of Chief Administration of Internal Affairs of Moscow launched a criminal case upon Article 196 of Criminal Code of Russian Federation ("Premeditated Bankruptcy"). The ruling declared, that in 2007-2008 the credit agreements had been concluded between the Bank and approximately thirty legal entities –"TechProgrammService Ltd.", "Yurservice Consult Ltd.", "Audit Omega Ltd.", "Interim Ltd." and others. The total amount of loans granted under the agreements mentioned above was almost 9 bn rubles, all non-collateral. The debts were never repaid. The legal entities were absent at their registered addresses, and the addresses themselves being the same (in some cases the addresses concurred with the address of Bank "Electronica").
«In his turn, the owner of National Reserve Bank Alexander Lebedev, who had reorganized "Electronica" during the crisis, later claimed to Ministry of Internal Affairs (is in disposal of "Izvestiya"):
«The objective data testify that the bankruptcy of the Bank resulted from the deliberate actions of a group that included Vladimir Romanov, the former CEO of Joint-Stock Commercial Bank "Electronica", aimed at embezzlement and legalization of monetary funds through accounts of various companies, in particular "Overtide Ltd.", "Delcom MTK", "FK"Rosbytsoyuz-Invest Ltd." and many others. – said the letter signed by Anton Dorokhov, Acting Chairman of the Board. – Actions of Romanov V.V. and other individuals show signs of crimes stipulated by Article 159 and Article 174 of Criminal Code of Russian Federation".
Vladimir Romanov, in his turn, was elected for membership at the Board of Directors of Bank "Electronica" together with Alexander Tschyrkow.
(Source: http://moex.com/ru/listing/emidoc-data-facts.aspx?id=1457
Translation:
7) Election of members of the Board of Joint-Stock Commercial Bank "Electronica", Open Joint-Stock Company.
The election was held through cumulative vote. The bulletins of 8,906,226,120 cumulative votes representing 100% of the total amount of votes participating in the election are deemed valid. The candidates:
Zverev Andrey Viktorovich. Voting results: FOR - 983,578,998 votes.
Kol’tsov Konstantin Vasilyevich. Voting results: FOR – 983,594,136 votes.
Lavrentyev Maksim Igorevych. Voting results: FOR - 983,578,998 votes.
Lukin Andrey Ivanovich. Voting results: FOR - 983,578,998 votes. Romanov Vladimir Vitalyevich. Voting results: FOR - 983,578,998 votes. Uglina Galina Semenovna. Voting results: FOR - 983,578,998 votes. Shcherbakov Maksim Valeryevich. Voting results: FOR - 983,578,998 votes.
Fedoseev Yuriy Grigoryevich. Voting results: FOR - 983,578,998 votes.
Tschyrkow Mark Alexander. Voting results: FOR - 983,578,998 votes.
Results of cumulative voting: FOR 8,852,226,120 cumulative votes (99.3937 %). AGAINST ALL – none. ABSTAIN – 54,000,000 (0.6063 %).
Decision accepted. Upon resolution of the General Meeting of shareholders, 9 candidates have been elected for Board of Joint-Stock Commercial Bank "Electronica", Open Joint-Stock Company. )