Kirill Androsov

Last updated
Kirill Androsov
Кирилл Андросов
Kirill Androsov, July 2011 (cropped).jpeg
Androsov in 2011
Born (1972-06-13) June 13, 1972 (age 51)
Murmansk, U.S.S.R.
OccupationBusinessman

Kirill Androsov (born June 1972) is a Russian businessman, economist, and investor.

Contents

Androsov is a former Deputy Minister of the Ministry of Economic Development and Trade of the Russian Federation and Deputy Chief of Staff of the Office of the Russian Government when Russian leader Vladimir Putin was Prime Minister. [1] He is the former chairman of the board of Russian national airline Aeroflot [1] and Russian Railways (RZhD) [2] He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation. [3]

Since 2012, Androsov is a professor of economics at the Russian National Research University's Higher School of Economics. [4]

Early life

Androsov was born in Murmansk, Russia, in 1972. He graduated with a master's degree from the Saint Petersburg State Marine Technical University in 1994. He then completed a doctorate at the Saint Petersburg State University of Engineering and Economics. In 2005 he earned an MBA from the University of Chicago. [5]

Career

Early in his career, Androsov worked for Hansa Investments Oy, a boutique Finnish investment banking firm, and St Petersburg’s Property Management Committee, in charge of attracting foreign investments to the city of St. Petersburg. [6] [7]

From 1999 to 2004 Androsov served as Deputy CEO and then CFO of Lenenergo a Russian energy utility company. [7]

Androsov joined the Russian Ministry for Economic Development and Trade, where he began his career as director for tariff regulation and infrastructure reform and later served as Deputy Economic Development and Trade Minister. He served as Deputy Chief of Staff to the Russian Government between 2008 and 2010, [8] [9] during which time Vladimir Putin was Prime Minister . During his six years working for the Russian government he served on the board of directors at RAO UES, Rosneft, Zarubezhneft, VTB, Svyazinvest and VVC. [7] He has been chairman of the boards of Aeroflot and Russian Railways, and a member of the board of directors for Channel One Russia, LSR Group, and Altera Capital. [10]

After working in the Russian public sector, Androsov set up investment funds and established a business presence in Singapore. [11]

Amongst other investments, Androsov owns the historic hotel Château Gütsch in Lucerne, Switzerland. [12] Androsov bought the property in June 2021 from its previous owner, the Russian oligarch Alexander Lebedev. [11]

Pandora Papers

The Pandora Papers leaks found that one of Androsov's funds was linked to a corruption scandal in the Maldives that cost the country nearly $80 million. Lang Capital Fund had invested in an island resort in the Maldives. The Fund's investment and many others ultimately disappeared, and no resorts were ever built. [13] Leaked documents implicated former Maldives President Abdulla Yameen in the scheme. Androsov denied that he or Lang Capital had engaged in any wrongdoing. [14]   President Yameen was convicted of fraud charges related to the scandal in 2019, but was released on an appeal in his case in 2021. [15] [16]

Androsov's name appeared in the Pandora Papers and the Paradise Papers along with other Singapore-based Russian businessmen in connection with compliance failures by a Singapore-based firm, Asiaciti Trust. Asiaciti was cited by regulators for its inadequate risk assessment and monitoring of some of the trust structures used by its Russians clients. Many of Asiaciti's clients, including Lang Capital Fund, were accused of being set up by closely-linked Politically-Exposed Persons. Androsov was linked to Evgeny Novitsky, a Russian billionaire who has held shares in one of Russia’s largest cellphone networks and leads RTI Systems which makes high end electornics. [17] Asiaciti suspected that Novitsky was actually in control of companies registered to Androsov. [18] Androsov denied the allegations. [19] [1]

The Monetary Authority of Singapore (MAS) noted that a “series of circular fund flows — including some demonstrating no plausible economic purpose — were allowed to pass through the trust accounts managed by Asiaciti.” In April 2019, Asiaciti staff acknowledged “instances of inconsistencies and transactions that do not make clear economic sense” in relation to its Russian clients. [20] Executives at the firm decided to sever ties with Androsov's companies and planned to file “suspicious transaction reports” with authorities. [18] In July 2020, MAS fined Asiaciti $1.1 million for breaches identified in their investigation. MAS made no findings that Androsov was involved in money laundering or any other illegal activity connected with the trust structures set up and administered by Asiaciti. [21] In October 2021, Androsov told the Australian Broadcasting Corporation that he still does business with Asiaciti. [20]

Related Research Articles

Russian oligarchs are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership of state assets contested, which allowed for informal deals with former USSR officials as a means to acquire state property.

<span class="mw-page-title-main">Alexei Mordashov</span> Russian billionaire and businessman

Alexey Alexandrovich Mordashov is a Russian billionaire businessman. He is the main shareholder and chairman of Severstal, Russia's largest steel and mining company.

<span class="mw-page-title-main">Herman Gref</span> Russian economist (born 1964)

Herman Oskarovich Gref is a Russian politician and businessman. He was the Minister of Economics and Trade of Russia from May 2000 to September 2007. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation.

<span class="mw-page-title-main">Ūkio bankas</span>

Ūkio Bankas was a Lithuanian commercial bank based in Kaunas. More than 50% of shares are owned by Lithuanian businessman Vladimir Romanov who therefore is in the control of the bank. It was the fifth largest and oldest private bank in Lithuania.

<span class="mw-page-title-main">Gennady Timchenko</span> Russian billionaire businessman

Gennady Nikolayevich Timchenko is a Russian oligarch and billionaire businessman. He founded and owns the private investment firm Volga Group. He was previously a co-owner of Gunvor Group.

The Organized Crime and Corruption Reporting Project (OCCRP) is a global network of investigative journalists with staff on six continents. It was founded in 2006 and specializes in organized crime and corruption.

The International Consortium of Investigative Journalists, Inc. (ICIJ), is an independent global network of 280 investigative journalists and over 140 media organizations spanning more than 100 countries. It is based in Washington, D.C., with personnel in Australia, France, Spain, Hungary, Serbia, Belgium and Ireland.

<span class="mw-page-title-main">Corruption in Cyprus</span> Institutional corruption in the country

Corruption in Cyprus is a salient concern for people in Cyprus: As of 2022, 94% considered that corruption was widespread in the country.

<span class="mw-page-title-main">Arkady Rotenberg</span> Russian billionaire businessman (born 1951)

Arkady Romanovich Rotenberg is a Russian billionaire businessman and oligarch. With his brother Boris Rotenberg, he was co-owner of the Stroygazmontazh, the largest construction company for gas pipelines and electrical power supply lines in Russia.

Kirill Nikolayevich Shamalov is a Russian businessman, the ex-husband of Katerina Tikhonova and the ex-son-in-law of the Russian President Vladimir Putin. He was the former economic advisor to the Russian government.

<span class="mw-page-title-main">Alemán, Cordero, Galindo & Lee</span> Panama law firm

Alemán, Cordero, Galindo & Lee is a law firm based in Panama. Founded in 1985, the firm represents several multinational companies that operate in Panama and was chosen as the Central American law firm of the year by Chambers Global in 2007 as well as in 2013. Jaime Alemán Healy is the managing partner and founder. The firm has offices in several countries aside from Panama, including in tax havens such as The Bahamas, Belize, the British Virgin Islands, Cyprus, Hong Kong, Singapore, the Seychelles, and Switzerland. Other office locations include New Zealand, the United Arab Emirates, and Uruguay. The firm is affiliated with the international Meritas network.

Yuri Alekseevich Soloviev is a Russian-British banker who was first deputy president and chairman of the VTB Bank Management Board. He was sanctioned by the United States after Russia invaded Ukraine in February 2022.

Asiaciti Trust is an international financial company established in Hong Kong, with operations in Asia, the Americas, and the Pacific. Its services revolve around corporate services, fiduciary matters, wealth protection, and administration.

<span class="mw-page-title-main">Pandora Papers</span> 2021 leak of financial documents

The Pandora Papers are 11.9 million leaked documents with 2.9 terabytes of data that the International Consortium of Investigative Journalists (ICIJ) published beginning on 3 October 2021. The leak exposed the secret offshore accounts of 35 world leaders, including current and former presidents, prime ministers, and heads of state as well as more than 100 business leaders, billionaires, and celebrities. The news organizations of the ICIJ described the document leak as their most expansive exposé of financial secrecy yet, containing documents, images, emails and spreadsheets from 14 financial service companies, in nations including Panama, Switzerland and the United Arab Emirates. The size of the leak surpassed their previous release of the Panama Papers in 2016, which had 11.5 million confidential documents and 2.6 terabytes of data. The ICIJ said it is not identifying its source for the documents.

Svetlana Alexandrovna Krivonogikh is a Russian former cleaning woman and millionaire.

Suisse Secrets was a February 2022 leak of details of more than CHF 100 billion held in nominee accounts linked to over 30,000 clients of Credit Suisse, the largest ever leak from a major Swiss bank. It revealed that autocrats, oligarchs, war criminals, human traffickers and drug dealers had accounts with Credit Suisse, a failure of the bank to apply due diligence. Swiss media was disallowed from publishing any investigatory work due to strict banking secrecy laws, which brought up their collective concern that such laws run contrary to freedom of the press.

iStories or Important Stories is an independent Russian website specialising in investigative journalism. The website was founded in 2020 by Russian journalists Roman Anin and Olesya Shmagun. IStories published a number of high-profile investigations. The office of the website is located in Latvia.

Troika laundromat or ŪkioLeaks is a money laundering scheme organized by Russia's former largest investment bank – Troika Dialog. This scheme allowed the flow of some $4.8 billion of funds from Russian companies and figures into Europe and the US between 2003 and early 2013. It was discovered by the Organized Crime and Corruption Reporting Project (OCCRP) with 21 media partners from Europe, North America, and South Korea in 2019.

Cyprus Confidential is a journalism project investigating financial services in Cyprus and their role in allowing avoidance of international sanctions, and implementation of Russian state goals. It is conducted by the International Consortium of Investigative Journalists, Paper Trail Media and 69 media partners including Distributed Denial of Secrets and the Organized Crime and Corruption Reporting Project (OCCRP) and more than 270 journalists in 55 countries and territories. Other media partners included Arab Reporters for Investigative Journalism, the Belarusian Investigative Center, The Bureau of Investigative Journalism, CBC, Der Spiegel, the Guardian, Le Monde, Politiken, Syrian Investigative Reporting for Accountability Journalism, Ukraine’s Slidstvo and The Washington Post.

References

  1. 1 2 3 Gibbs (ICIJ), Aubrey Belford (OCCRP), Anand Mangnale (OCCRP), and Margot. "Pandora Papers Unveil Ex-Putin Aide, Indian Businessmen Behind Maldives Island Scandal Deals". OCCRP. Retrieved 2022-02-28.{{cite web}}: CS1 maint: multiple names: authors list (link)
  2. ↑ "Board of Directors – Russian Railways Management and Control Bodies – Corporate Management – Russian Railways 2013 Annual Report". ar2013.rzd.ru. Retrieved 2022-11-20.
  3. ↑ "О присвоении классных чинов государственной гражданской службы Российской Федерации федеральным государственным гражданским служащим Аппарата Правительства Российской Федерации". Decree No. 40 of 11 January 2009 (in Russian). President of Russia.
  4. ↑ "The Chairman of the Board of Directors in Modern Russia" (PDF). Talent Equity Newlestter (11): 30–31 – via Ward Howell.
  5. ↑ "Androsov Kirill Gennadyevich". TAdviser. Retrieved 27 November 2021.
  6. ↑ "Androsov Kirill Gennadievich". TAdviser.ru. Retrieved 2022-11-28.
  7. 1 2 3 "Lecture by Kirill Androsov (Altera Capital) "Private Equity in the Developing Market"". European University at St. Petersburg. March 2014. Retrieved 27 November 2021.
  8. ↑ "Business Dialogue | АНДРОСОВ". bd-event.ru. Retrieved 2023-01-04.
  9. ↑ Bertolino, Francesco (2019-02-25). "Creval, ecco gli affari dei putiniani che non russano nel Credito Valtellinese". Startmag (in Italian). Retrieved 2023-01-04.
  10. ↑ "Private Equity in the Developing Market".
  11. 1 2 Miller, Greg (October 5, 2021). "How U.S. sanctions take a hidden toll on Russian oligarchs". Washington Post. Retrieved 27 November 2021.
  12. ↑ "Château Gütsch in Luzern: Kirill Androsov ist der neue Besitzer". Luzerner Zeitung. 11 June 2021.
  13. ↑ Gibbs (ICIJ), Aubrey Belford (OCCRP), Anand Mangnale (OCCRP), and Margot. "Pandora Papers Unveil Ex-Putin Aide, Indian Businessmen Behind Maldives Island Scandal Deals". OCCRP. Retrieved 2022-11-15.{{cite web}}: CS1 maint: multiple names: authors list (link)
  14. ↑ "Offshore provider accused of failing to follow money laundering rules". the Guardian. 2021-10-03. Retrieved 2022-11-15.
  15. ↑ Junayd, Mohamed (2021-11-30). "Maldives' ex-president Yameen walks free after graft conviction overturned". Reuters. Retrieved 2022-11-15.
  16. ↑ "Abdulla Yameen: Maldives ex-leader convicted of money laundering". BBC News. 2019-11-28. Retrieved 2022-11-15.
  17. ↑ "RTI Group holds its ground in top 100 global defense companies". TASS. Retrieved 2022-12-28.
  18. 1 2 Miller, Greg (October 5, 2021). "How U.S. sanctions take a hidden toll on Russian oligarchs". Washington Post. Retrieved 27 November 2021.
  19. ↑ "Offshore provider accused of failing to follow money laundering rules". the Guardian. 2021-10-03. Retrieved 2022-11-28.
  20. 1 2 Mario Christodoulou; Elise Worthington; Ben Sveen (3 October 2021). "The Secret Keeper". ICIJ, Background Briefing, Four Corners and ABC Investigations. ABC. Retrieved 27 November 2021.
  21. ↑ Butler, Ben (3 October 2021). "Offshore provider accused of failing to follow money laundering rules" . Retrieved 27 November 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.