Peter Kondrashev: Embezzlement, Murders, and Fraud Exposed! (Update 2024)
Peter Kondrashev aka Pyotr Kondrashev is a Russian billionaire. The oligarch used to work at Silvinit’s fertilizer factory in 1972.
In 1990, he became the company’s CEO and led its privatization.
Peter Kondrashev is notorious for being ruthless in his business dealings. There are rumors about him ordering murders during the 90s.
However, he was in the recent news for losing control of the Slikamsk magnesium plant.
How Peter Kondrashev Lost Control of the Slikamsk Magnesium Plant
The Federal Antimonopoly Service of Russia invalidated multiple transactions. These were for the sale of Slikamsk Magnesium Plant’s shares to Cypriot companies.
One of the owners of the firm is Peter Kondrashev. The FAS was able to invalidate the transactions after a decision of the Arbitration Court of Perm Krai.
Antimonolopolists had highlighted that the transactions had given foreign investors control over a strategic component of the nation. Furthermore, they highlighted that it all happened without the government commission’s permission.
Also, SMZ is the only plant in Russia that produces rare earth metals. According to legal documentation, the primary shareholders of this plant are Peter Kondrashev, Timur Starostin, Igor Petriskov, and Sergey Kirpichev.
(Source)
It’s worth noting that Pyotr Kondrashev and his business partners conducted several transactions in 2014 and 2016. These transactions resulted in selling the SMZ plant’s shares to Cypriot companies.
After the court’s decision, these transactions are invalid.
These transactions included the purchase of 95,586 SMZ shares from Peter Kondrashev of Slontecco Investments Limited. Also, it included the purchase of 62,536 shares through Fullserkle Facility Management.
Moreover, the court has deprived Pyotr Kondrashev, Timur Starostin, and Sergey Kirpichev of the right to vote at SMZ’s shareholder’s general meeting for these transactions.
Why the Arbitration Court Invalidated Pyotr Kondrashev’s Transactions:
A big reason why the Arbitration Court of Perm Krai made the transactions involving Peter Kondrashev invalid is the risk of foreign intervention.
The products of SMZ have a lot of demand in the defense industry. Furthermore, many arms companies use their materials to manufacture military equipment.
Currently, the plant has 30 state contracts worth 314 million rubles.
If foreign investors had access to such a sensitive plant through Peter Kondrashev, it would expose the country’s national security to a huge risk.
Furthermore, SMZ has a profit of 292 million rubles per annum with an annual turnover of 8.1 billion rubles.
Minority Shareholders Had Expressed Their Concerns Before:
Mikhail Dvorkovich, the brother of former Deputy Prime Minister, Arkady Dvorkovich had tried to join the FAS lawsuit against Peter Kondrashev and his Cypriot companies.
Later, Mikhail stated in an interview that Pyotr Kondrashev might be allegedly squandering the plant. Also, Mikhail alleged that Peter isn’t developing the plant.
He shared that the plant hasn’t paid any dividends and the salaries haven’t seen any increments either. Mikhail highlighted that SMZ is not paying much tax in Perm Krai.
Furthermore, he pointed out that the plant completely ignored the proposals of a board of directors representing the interests of minority shareholders. These proposals mainly focused on the development of the plant but no action was taken.
Moreover, Mikhail Dvorkovich shared that Peter Kondrashev was selling SMZ’s products to American companies without asking for the permission of any shareholders.
Media reports highlight that even though Starostin and Kirpichev owned 25% and 15.45% shares of the plant respectively, both of them acted in the interests of Pyotr.
Also, they point out that Peter Kondrashev was secretly controlling the entire enterprise.
Peter Kondrashev is Exploiting the Employees of SMZ:
When I looked into several documents, I found that Mikhail Dvorkovich’s claims against Pyotr Kondrashev were true.
For example, authorities found that the plant had 119 violations of industrial safety requirements in an inspection.
As a result, the authorities held one legal entity and 11 officials responsible.
Under the condition of staying anonymous, several employees revealed that they were working in extremely dire conditions. They were risking their health and sometimes, even their lives for poor pay.
For example, under Peter Kondrashev, workers are delivering explosives in open cars.
They have explained that if the electric locomotive trolley gets stuck on the rails, it will cause a short circuit and burn the whole thing down.
Sadly, these workers don’t have any alternatives apart from working at GOK, an SMZ enterprise.
Due to their lack of alternatives, they can’t take the risk of filing a case against the plant’s owners which include the billionaire Pyotr Kondrashev.
Still, there have been accidents in the plant including 2 fatal emergencies. The plant had written off both of those incidents as a result of non-compliance with safety regulations and blamed the victims themselves.
Peter Kondrashev’s Deals with Ecoprombank and SMZ’s Involvement
Peter Kondrashev purchased SMZ shares in 2014. He bought those shares from Suleiman Kerimov.
Before that, Pyotr Kondrashev was managing Silvinot and headed the privatization of the same.
Later, he became one of Silvinot’s largest shareholders.
After some time, he sold the shares to the structures of State Duma deputy Zelimkhan Mutsoev and Anatoly Skurov of Sibuglement for $3 billion.
A year later, Peter Kondrashev ranked 70th on the Forbes list of the world’s top billionaires.
In 2014, the oligarch bought controlling shares of Ecoprombank. Afterward, the bank started suffering tremendously.
Under Peter’s leadership, Ecoprombank lost its license as the bank failed to follow federal laws and couldn’t pay its creditors.
After the bank lost its license, authorities began investigating it and found a lot of embezzlement.
They found that several of the bank’s shareholders were stealing funds from it. This included Vladimir Nelyubin who the court found guilty of embezzling 215 million rubles.
He received a prison sentence of 6 years.
However, many have claimed that Peter Kondrashev framed Vladimir Nelyubin. Many people suspect that Pyotr Kondrashev is the actual culprit of the embezzlement.
Ecoprombank, Peter Kondrashev, and Embezzlement:
Ecoprombank was one of the largest banks in the Perm region of Russia. However, soon after Peter Konrashev became a majority shareholder in the bank, it went bankrupt.
The Central Bank revoked its license due to its risky credit policy, inability to fulfill its obligations to creditors and clients, and investment of funds in low-quality assets.
Still, Ecoprombank wasn’t a bad bank. It had been among the largest banks in Perm after all.
Reports indicated that the owners of Ecoprombank used multiple schemes to replace its 674 million rubles of liquid assets.
Then, they wrote off collateral totaling 138 million rubles.
One of the owners of this bank is Peter Kondrasheve whose name is mentioned in budget scams, high-profile murders, and money laundering.
However, he remained a shadow partner in Ecoprombank to make sure people didn’t suspect a thing.
If he associated his name with the bank openly, it would lose its entire credibility.
So, he used his right hand, Alexander Gutin.
Currently, Alexander Gutin lives in London. He headed the embezzlement of funds from Ecoprombank and through it, was able to afford his luxurious abode in London.
The Cypriot companies bought the bank in 2010 but bypassed the Central Bank of Russia in the process. Also, they used borrowed funds from a company whose identity was unknown.
Furthermore, the creditor had no legal information available.
Hence, when the bank collapsed, there was no way to determine who took the money.
The Central Bank is planning to hold Peter Kondrashev accountable for the embezzlement. It hopes that the arrest of Andrei Turev will prove fruitful.
Is Peter Kondrashev’s Extradition Possible? Andrei Tuev’s Extradition Gives Hope
Andrei Tuev is the former chairman of the board of Ecoprombank. After four years of proceedings with Cypriot authorities, Russian authorities were able to get his extradition underway.
This sparked a new discussion.
Many in Russia began considering how Andrei Tuev could throw more light on Pyotr Kondrashev’s involvement in Ecoprombank.
Media reports indicate that Peter Kondrashev might be living in Austria at the moment.
However, it’s not the first time experts have suspected Peter to be a suspect in the embezzlement of 673 million rubles.
Peter Kondrashev Has Strong Ties with Local Authorities
Almost everyone in the Perma region knows that Pyotr Kondrashev has some strong ties with the local authorities.
Although he doesn’t reside here, he has been able to take advantage of his political connections before.
For example, the arrest of Vladimir Nelyubin was shocking because his reputation before the arrest was spotless. He had no history of fraud or embezzlement.
On the other hand, Peter was notorious for his shady practices.
In 1995, there was a rumor that Peter Kondrashev orchestrated the murder of General Director of Perm JSC Evgeny Panteleimonov.
Authorities and media suspected that it was a case of contract killing.
When the police arrested the killer, he allegedly gave two names to the authorities as the people who ordered him to commit the crime.
The first name was Dimitry Rybolovlev and the other was Peter Kondrashev.
The arrested criminal told the police that Pyotr Kondrashev had paid him 200 thousand dollars for the murder.
However, he redacted this statement later and took the sentence silently.
Using Illegal Tactics to Hide Facts
A recent incident that caught my attention is the number of fake DMCAs I have seen in news articles about Pete Kondrashev.
Here, someone representing Pyotr Kondrashev is copying articles from reputed publications and posting them on his website. Then, he changes its date and claims that he was the original publisher of the article.
Fake DMCAs are pretty common among online scammers and fraudsters. For example, HULT Private Capital is a shady finance company that uses this tactic to hide consumer complaints.
Similarly, you have Fiatvisions, a forex scam that hides negative reviews by posting fake DMCA notices against them.
Posting a fake DMCA notice constitutes fraud and perjury.
It is illegal and unethical.
<<<<Someone representing Peter Kondrashev might post a fake DMCA notice against this article as well. If they do, I’ll rebut it with Google and post an update here.
Conclusion
Surely, Peter Kondrashev is a dangerous oligarch who takes advantage of his wealth and position.
He has been able to get away with serious criminal offenses including murder, embezzlement, and fraud.
Although media reports say he resides in Austria, there is no real confirmation of this fact.
His involvement in the SMZ plant and how he neglects the staff working there shows how little he thinks of others.
There are plenty of stories of wealthy men abusing their positions. For example, Thomas Flohr is a Swiss billionaire who had to pay $16 million to the US authorities for corruption charges.
Similarly, Massimo Acquaviva is a fund manager who has received allegations of abusing his employees.
It’s necessary to raise awareness against this man and his shady operations. Hence, I would urge you to please share this article with others.
The more people know about Peter Kondrashev, the better.
Эти люди с деньгами не беспокоятся об условиях труда своих рабочих, соответствует ли дворец, в котором они работают, условиям труда, но они не проверяют и никогда не спрашивают, а хотят только прибыли.
The tragedy with Ecoprombank made me lose a lot of money and the only person responsible for this is Pyotr Kondrashev, hence he should be behind bars but no he is enjoying his luxurious life, without any fear.
People are risking their lives because of this billionaire who doesn’t care about the living conditions of his workers who have helped to touch the skies of success.
These billionaires are misusing their wealth after whitewashing their shady past and then posting fake DMCAs against article publishers where their dark side is explored and making their shit come out of their mouths.
I don’t understand why these criminals are not sent behind the bars and roaming freely even though earning money and touching the skies of success risking the lives of others.
The business of fake DMCA is also establishing its fear among the publishers of articles where they are taking down the articles that are opening the shady past of murderers like Pytor Kondrashev, fu#k you killers.
The fact that you wrote about the fatal casualties stated about 2 deaths but actually, the number is more than 2 but it is completely false. This factory owner never publish the exact number of casualties and always tried to hide the reality because of the fear of infamy.
After all, the SMZ plant was violating industrial safety requirements and the employees working there were risking their life for poor pay.
This billionaire is a psychopath as his name was published in the Forbes list, but they are now interested in stealing millions from banks and killing people for hiding their shady past.
Peter Kondrashev is an owner and a billionaire where people are risking their lives and not getting the pay that has to be given. Excluding this, it was found that he also had charges for killing some people, this shows the dark side of these billionaires.
Петр Кондрашев — человек, который не получает удовлетворения от того, что он миллиардер из списка Forbes. Нет, он получает удовлетворение от того, что украл 674 миллиона рублей из банка и довел его до банкротства.
You say there have been accidents in the plants causing 2 fatal injuries but I think the number is higher. Everyone knows how horrible the working conditions at that place are.
In fact I think the place only gets staff becuase hte locals have no other employment options.
Right now, I think Peter Kondrashev is simply hiding somewhere in Europe and trying his best to hide his Russian assets and connections. I hope the European governments would catch onto the guy and realise just how deeply connected he is to Russian authorities.
People can kill you for their safety which means safety from news publishers. From research, it was found most of the murders which took place there was some involvement of professional killers and also multi-billionaires were the people behind those murders.
I think the entire story about how Peter Kondrashev became the company’s CEO in 1990 and later led its privatisation is full of lies and propaganda. The man is a notorious swindler. He might have taken the position by force.
I lost a lot of money with the fall of Ecoprombank.
What Pyotr did with that company is shameful.
He literally stole the money of common people to increase his already high net worth.
That incident alone is reason enough to throw him in jail or something. He needs to be extradited. I believe all of his assets should be seized.
I agree with your points. I also lost money with that bank. Nobody expected such a thing to happen in the first place…
Murderer, scammer, corrupt money launderer…there are too many names for Peter Kondrashev. I think even he knows how infamous he truly is.
$200,000 was paid for the murder and here people who are working hard and making him profit aren’t even looked after how the working conditions are, this is the present mentality of humans where they can spend millions for killing someone, and not spending millions for the development of their country, like submitting income tax.
My brother was having his money stored with Ecoprombank which got bankrupt because of this fraudster Peter Kondrashev, who was the only reason for the embezzlement, it was further investigated and found that Pyotr wasn’t directly having the shares from the bank instead his right hand was working behalf of him.