The government allowed the company associated with the son of the public Prosecutor of the Russian Federation Igor Chaika, to consolidate 75% of the largest Russian manufacturer of railway sleepers. We are talking about selling now owned by JSC “Russian Railways” of 25% of the shares of the company “Beteltrans” (BETH) of “MT industry” relating to the structures Igor Chaika, reports TASS.

The corresponding order Prime Minister Dmitry Medvedev appeared on the official portal of legal information.
In August it was reported that the draft government regulation on the sale of the shares has been agreed , the Ministry of economy with the Ministry of transport and the Federal property management Agency.

The government ultimately ordered to sell 942 425 shares of BET at a price not below market, defined on the basis of the report of an independent appraiser, but not less than the par value of the shares.

70% of “M-Industry” belongs to Dutch Spoor Structuur Investering B. V. (disclosure of “Millenium Bank” was that the company controls the largest producer of sleepers in Kazakhstan LLP “magnetic” Dmitry Grechanichenko), and 30%, OOO “Aqua solid”, 99% of which belongs to Igor Chaika. In 2012-2013, the “M-industry” has won the competitions of Russian Railways for the supply of the monopoly until 2017 products in 269 billion.

Pack of subsidiaries of Russian Railways since 2004 can be sold only with the permission of the government. The transfer of control to the BAT, “MT Industry”, President of Russian Railways Oleg Belozerov said in November 2015. In June of this year he was informed about the plans of Russian Railways to sell securities of non-core businesses 14 billion rubles.

Asking permission to sell this package, “M-industry” addressed to Deputy Prime Minister Arkady Dvorkovich last fall, in a letter to his name, it was stated that between RR and BETH there is a series of contracts for the purchase of sleepers up to 2019 for a total amount of 150 billion rubles.

However, last year the monopoly has not fulfilled its obligations in connection to it shall be penalized with a volume of up to 1.5 billion rubles. “M-industry” has offered to buy the shares in exchange for the waiver of penalty and additional investment on their part.

From the letter also indicated that the Board of Directors of JSC “RZD” tentatively agreed on a deal back in November on the terms of the waiver of liquidated damages in the amount of 400 million rubles per year and guarantee the preservation of BETH in production volumes at the level of 10.5 million sleepers per year and the current formula prices for JSC “Russian Railways” till 2020.

The Prosecutor General Yuri Chaika two sons – Artem and Igor. PhD in law Artem Chaika is the owner of the company “the Siberian element – the Rent To” working in development in Kaluga region Obukhov sand deposits. It also has enterprises for the production of salt, construction and rubble.

Last year the Russian edition of Forbes magazine published an article about how eldest son of the Russian Prosecutor General Yuri Chaika has built a business Empire with revenues of $ 200 million. Another magazine said that the Prosecutor’s office removes from the game of competitors Artem Chaika.

The younger son of the attorney General little is known. He was born in 1988, in 2011 graduated from the Kutafin Yurakademiya. Three years later, the Seagull Jr. came to work as the adviser on public principles to the administration of the Governor of the Moscow region. This post he left on 21 July this year.

Later, Russian President Vladimir Putin signed a decree on awarding of Igor Yurievich Chaika honorary diploma “for merits in realization of effective projects of innovative development of the Moscow region and active public activity”.

In 2010 Igor Chaika registered company “Innovations of light”, which in three years has received contracts of nearly 700 billion rubles. This company did a new year’s eve illuminations in two districts of Moscow, highlighting the Crimean and Novospassky bridges and lighting of the route Adler – Krasnaya Polyana prior to the Sochi Olympics.

The big business of Igor Chaika today – contract works, including for the Railways.

The company of the son of Prosecutor General will have control over the largest producer of railway sleepers in Russia 04.10.2016

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