The wire speaker began after his performances against the participation of “Rosneft” in the privatization of “Bashneft”
Law enforcement agencies went to the “investigative experiment” with the transfer of a bribe of two million dollars the Minister of economic development Alexei Ulyukayev after the wiretapping of the Minister and his entourage, said an unnamed source RIA “Novosti”. In turn, the anonymous source of Interfax said that the speaker wire was conducted in the summer of 2016, and in phone conversations, he threatened the representatives of “Rosneft” in connection with the privatization of the company “Bashneft”.
According to the source RBC, the speaker was “in development” at law enforcement agencies at least a year, and permission to listen to phone Minister of the court issued at the end of the summer.
It is noteworthy that the time of the phones speaker and his entourage to the audition happened after the resounding speeches of the Minister against the participation of “Rosneft” in the privatization of “Bashneft”. So, on July 29 he said, “From my point of view, “Rosneft” – the wrong buyer for this asset.” While the speaker noted that the government “could solve this issue”, releasing an order or to give a Directive to “Rosneftegaz”.
– The arrest of the speaker may postpone the sale by Rosneft
4 Aug Ulyukayev reiterated his position: “state-owned companies should not be involved in privatization.” But then he sent Prime Minister Dmitry Medvedev the report in which he said that despite this view, the government has no legitimate grounds for non-admission of “Rosneft” for purchase of “Bashneft”, as in the privatization law there is a provision that if the transaction is made in interests of development of the stock market, then it is not subject to the requirement that the transaction not should be allowed the company, which has 25% and more state participation in equity.
In mid-August, Prime Minister Dmitry Medvedev took the decision, which was approved by the President of the Russian Federation Vladimir Putin that the privatization of “Bashneft” still need to be transferred at a later date. The reason for this was a letter of the head of Bashkiria Rustem Khamitov, who asked the Kremlin to postpone the deal.
25 Aug Alexei Ulyukayev said that the privatization of “Bashneft” was delayed due to assessment of market conditions, the willingness of investors to participate in the transaction and for other reasons. He said that the state-owned company may be sold at any time from September 2016 to end of 2017 as a single lot, or parts of it.
A few days later Bloomberg reported that the head of Rosneft and long-time Putin ally Igor Sechin asked to allow its state-owned companies to buy controlling stake of JSC “Bashneft” for five billion dollars – with a significant premium to the market.
It is worth noting that in addition to the speaker against the participation of “Rosneft” in the privatization of “Bashneft” were other mycobacteria officials – such as Vice Prime Minister Arkady Dvorkovich, who oversees the fuel and energy sector Advisor to the President and Chairman of the Board of Directors of “Rosneft” Andrei Belousov.
In early September, the speaker officially declared that “Rosneft” technically will still be allowed to participate in the transaction. The Minister referred to the already mentioned norm in the law on privatization, as well as the fact that, formally, Rosneft is a state company.
As reported, the Minister of economic development Alexei Ulyukayev was arrested the night before on suspicion in extortion of a large bribe. According to investigators, the speaker illegally demanded from the representative of JSC “NK “Rosneft” as bribe money “for the legitimate issuance of a positive conclusion and evaluation in respect of the acquisition of Rosneft state stake in OJSC ANK “Bashneft”. “Thus, the defendant made threats using their authority to create further obstacles for the activities of the company”, – said the official representative of SK Svetlana Petrenko.
Tuesday after questioning Ulyukayev was charged with extortion and receiving a bribe in the amount of $ 2 million under part 6 St. 290 criminal code (bribery by a person holding a state post of the Russian Federation, with extortion of a bribe in especially large size), providing till 15 years of imprisonment.
The arrest of the speaker may postpone the sale by Rosneft
One serious consequence of the arrest of speaker experts call the delay of the transaction for Rosneft.
The closing of the transaction on privatization of 19.5% stake in state-owned “Rosneft”, which is scheduled for December 2016, may be at risk in the case that the Minister of economic development of Russia Alexei Ulyukayev will be arrested.
In accordance with the Directive of the RF government, the deal to sell 19.5% of Rosneft shares at least 710,847 billion needs to be closed until December 5. Until December 31, the money should arrive in the budget.
But, as reported by RIA “Novosti” with reference to the review of investment company “Aton” as the speaker plays a key role in the privatization of Rosneft, the arrest might jeopardize the closing of the transaction until the end of the year.”
As explained by the analyst “Aton” Alexander Kornilov, an arrest of the official, if it is implemented, may lead to a reshuffle in the Ministry, which may affect the timing of the transaction.
The experts emphasized that you can not see a direct impact on the cost of shares of “Rosneft” and “Bashneft”, as the leadership of “Rosneft” is not accused of involvement in the case, and the deal with the “Bashneft” is not questioned, as “Rosneft” has signed it in accordance with the decree of the government.