Seychelles Firm Implicated In AsiaUniversalBank Money Laundering Case Is Up For Another Laundering Scandal

19/12/14 09:15, Bishkek – 24.kg news agency, 

Following the takeover of AsiaUniversalBank (AUB) by the Kyrgyz Interim Government in April 2010 an investigation was launched into the money laundering and balance sheet fixing schemes of the bank. 
The Kyrgyz Republic's Attorney General's Office is still mulling over tons of corporate documents and payment orders of the AUB multi-billion dollar payment flow.  Some episodes already resulted in criminal convictions: Michael Nadel, the main owner of AUB, was convicted on 22nd October 2014 by Pervomaisky Court of Bishkek for embezzling millions from AUB and dressing up its accounts using offshore companies, to hide the embezzlement.
In 2011, long before the criminal sentence was given, the laundering and embezzlement episodes were subject to a public investigation by Global Witness, an NGO covering financial crime and related themes.
In its report titled «Grave Secrecy» (www.globalwitness.org/library/grave-secrecy) Global Witness revealed that many offshore companies used for dubious financial transactions in AUB in fact were administered by a small handful of offshore corporate service providers.  Among those named was a Seychelles-licensed firm, Apollo Business Solutions (Pty), Ltd., part of a large offshore services group with Russian roots - Apollo International (www.apollo-international.com).  Its main marketing and sales offices are in Kiev and Moscow.
It was reported that some of the offshore companies serviced by Apollo were supplied with nominee owners and directors who in fact had no idea their passports were used by the offshore incorporators.  One extreme case cited by Global Witness was that a corporate resolution was 'signed' in Apollo's London office by a man who died three years before that.
Being a large contributor to the Seychelles offshore industry Apollo escaped sanctions by the Seychelles regulators and continued business as usual.
This year, however, a few more criminal episodes happened involving Apollo International, showing that old habits die hard when it comes to the offshore industry.
In April 2014 the US FBI arrested a well-known Ukrainian businessman Mr. Dmitry Firtash in Vienna, Austria for allegedly paying millions of dollars in bribes to Indian officials for mineral rights.  It was then revealed (http://www.nation.sc/article.html?id=241430) that one of the firms which supplied offshore companies implicated in the FBI investigation was Apollo Business Solutions - the same company mentioned by Global Witness.
It was later revealed (http://www.seychellesweekly.com/April%204-14,%202014/soc1_r4million_seized.html) that the very same Apollo Business Solutions certified corporate documents for a bank account used by a Russian cyber-gang in the Seychelles.  The account was frozen by the Seychelles Financial Intelligence Unit.
Just very recently news emerged from the Ukraine that Apollo got yet again into a criminal scandal.  This time it was theft of shares in a Ukrainian agricultural enterprise 'Chumaki' which was accomplished by their re-registration in the name of a Seychelles firm incorporated by Apollo.  The re-registration was on the basis of fake papers where signatures of the shares owners were forged.  As it transpired from copies of papers obtained in the course of Ukrainian police investigation, the Seychelles company used for the crime had a director whom neither the Police, nor the victim's lawyers are now able to locate.  Very probably, this is another case of someone's passport used by offshore crooks to make the company truly 'anonymous'.
Ainagul Moldobaeva
http://www.eng.24.kg/biznes-info/173794-news24.html

Comments

  1. Partilepep is a terrorist group practicing the most imageable organized crimes one can imagine--from Huamn trafficking,drug trafficking ,sex slave to massive money laudering schemes and their addictions to committing crimes just can be rehabilitated.

    When you look on Web site Seychelles financing--you see a forest of local companies which has grown like mushrroms offrering Offshore banking ,advices to show you the extense of how the proliferation of organized crimes has become under Pl state terrorism scheme.
    FIFCO offshore by Paul Chow
    A:C:T OFFSHORE by PRAGASEN
    ACM corporate Services by Jeanne maria moutia
    Intershore by Boulle and the list is endless and it is still growing for criminals protected by state and often ruling party members,supporters feel safe,secure and have no fear for justice.In fact,offshore companies have become one of the most activity for pl party friends and members because it is so lucrative and an easy way to become rich at blink of an eye.
    The prima facie evidence of massive money launderying operations by party members is compelling and pl has done little to really deter this fleoh and nothing show that it will for it is also pl^s main source of revenue ,for to sponsor the party and its many gang members.PL it is organized crimes.illicit markets,and you understand which Pl like Russian or east Europeans namely because they are high potential criminals like Pl,even Commander-in-theft Michel has his own Offshore company ,he could not resist the temptation and could not see his gang members making so much money through illegal means for him not to participate too instead of fighting this gross crime. .

    PL is a gang of crook ,who confiscated state institutions in order to provide them with the cover they need to perpetuate gross organized International crimes of all sorts-----State give them the protection they need and until we get those criminals out of power,there is nothing that would change.

    Time to arrest and jail those monkeys for life imprisonment,so that they can never benfit ,enjoy their ill-gotten wealth and for the damage they are doing to the country.

    With WB the business would proliferate,that is why Dr Alporte and his pl gang is so happy to be a member of WB it would allow them to have more potential forreign criminals as clients and thereby help destroy further Seychelles economy by perpetuating state organized gross Intenrational crimes..



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  2. In a previous case,FIU closed the account but there is never follow up,no one convicted,jailed and the money FUI seized ,its final destination unknown,while the company continue without impunity to operate under the providence of Pl gang.

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  3. Sometimes one wander why Pl is eager to open Ambassies in countires like KRygyr and others ,countires Seychelles people have no connection to .Well,by doing so,those illegal foreing disguise as Ambassadors,which are in fact pl midlle men and use to transport briefcases teemd with illcit money to banks in order to wash the money.Foreign Seychelles Ambassadors do not feel accountable to Seychellois ,they are illiegal ,but accountable to Pl thieves.That is why Pl plays death ears when challenge on Why Seychelles Ambassies are illegal teemd with foreigners.Where never an explanation for it,and all be it RAM,PIERRE;GILL seem to find it normal that they never raise the issue justs NGOs do too.

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  4. IT'S ALL GILL'S FAULTS.
    HE SHOULD JOIN SPPF/PL SO HE COULD SORT OUT THIS MESS.
    HE WAS JUST DO TALKING ALL THE TIME.
    ABOUT TIME HE JOIN AND SAVE US.

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  5. As zhousands of already hungryand emprovished seychellois will finally be gased by laporte coming tax increase,Ram action is to hold a protest with supposely hundred heads to fight againsst the risk of famine that laporte tax assault will have on ordinary citizen but on tax on cars for poluating,intoxicating the already weaken seychellois people.
    Ask for a vat reduction of 4 % ,and 20 % on electricty rate for businesses(the latter should not be that difficult price of oil is at 59 % low)unless high oil price that Morin wants,which is in itself a kind of tax,which would zhen added uo to imf new load to make up the total sum reqiure by imf as part kf pl debt repayment.
    We not laporte for more government soebding it will sky rocket an already pharaonic debt we having difficulty to pay,but real intelligent actions will turn.things around.
    Tax cuts abd give afif the green light to start the direct flight on his airlight.you wanted free trade pl,so why bullshit a free trader namely mr afif.




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  6. Wishing all freedom loving Seychellois around the world a Merry Christmas and a prosperous New Year.

    To Gill: WISHING U AND YOUR SELL OUT A MARCORRY FRANSTMAS.
    To your Arab friends: HOOT HOOT DAY.

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  7. 03,56
    Joining pl would make u no different from gill.fight the powerwho is the rrootoofall tthe evils in this country.





    .

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  8. Why Dr laporte failed ?In a recession and in macroeconomies,Automatic Stabilizers are features of the structure of modern government budgets,particularly income taxes and welfare spending that act to dampen fluctuation in Real GDP.laporte automatic Stabilizers became Automatic destabilizer.
    Central Bank has credibility problems,it can not get the inflation down.For that reason,businesses have been hesitant to invest and use the devaluated rupee to grow their exports,productions etc...
    Moreover,before C.Ba.k had a change to provide its credibility,laporte made a critical mistake,he increased consumers tax VAT,.If your goal is to get consumers spending money ,it is easy to see why raising taxes is such a bad policy.
    The hope was that other stimulus (foreign aid,loan or bondaid),he was providing offset and wash out the impact of VAT,and other taxes,that hope came to fruition.
    Next year tax i.crease is scheduled to rise once again We hope president Faure is wise enough,and delay that increase,having learned from the negative inpact of laporte unjustifie pharaoic taxes.That should consumers confidence .And a reduction in oil price,or on electricty bills,would help the,economy.Tax cuts,is the perfect scenario to stimulate the economy,it provide flexibility,when prior over investment has resulted in bloated i.vestory levels,and poor private investment opportunities.

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  9. Tons of money in Seychelles its called LAUNDERING.
    In church its called DONATION
    In school its FEE.
    In marriage its called DOWRY
    In divorce its called ALIMONY
    When you owe someone its DEBT
    When you pay PL Government its TAX
    In Seychelles Kangaroo court its FINES
    PL civil servant retirees its PENSION
    Employer to workers its SALARY
    Master to subordinates its WAGES
    To PTI TREZOR its ALLOWANCE
    When you borrow from PL bank its LOAN
    When you offer after a good service its TIPS
    To kidnappers its RANSOM
    Illegally received in the name of VOTE FOR PL its BRIBE
    For Gillbullshit its called..........

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  10. For gillbullshit is called box of gillshit.Or Millionaire salad.

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  11. Marc Benstrongreport as eeachyyearshows ppleendemic aandwwhole ffledgeccorruptionhow mmoneyffromhigh taxes collect on seychellois are robbed in state organized crimes while our debts keep increase,poverry sky rocketing,families starving,crimes i.crease and laporte pmans to rob us even more to sponsor pl lavish life style.mercenaries are illegally placed in our Ambassies to facilitate zhe corrupt system.international crimes,zhe same foreign illegal ambassathieves abuse like pl our insttutions to enrich themselves and rob us.pl does nothing,of. Ourse not,foriegn illegal ambassadors are their gang members.
    Stop robbing seychellois pl.

    reportGov


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  12. Lasz week,diring the new recruits ceremony,i also heard general payet and his assistant,Chief of staff,calling on these new recruits to be examples in society and calling on military leaders loke his assistance Chief of staff Roseline who robbed sr 6 million rippees from.military coffer to pass their experience to zhe new soldiers.basically,general payet,was welcoming in the military branch of pl gang of crooks.as roseline,they can boin the army,allow donkeys likebmichel.abuse then and use zhem as killing robots in zhe name of pl terrorists.when would roseline by e investigated pl?it seems he instead be name chief of zhe army soon to replace the ten stars field marshal payat,,who would rezire togezher wizh astronaut and 100 star great ,air,space and sea fieldmarshal michel.

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  13. Gill after his scam,is supposed to be chosrn by Faure to replace too slavish fake opposition leader Pierre as stooge opposition.leader in zhe Assembly in 2016.that he could have zhe change to do what he long dream of being,.....replacing tonton mancham a pl undisputable yesman.he would be able to enboy a pension forlife,flighz diamon class on Etihad,get access to SBC like Ram and pierre,coddle with pl foreign friends..halifa,siva,ramaboss,sri lankan president butcher Rajapaske,accompany michel in dubai to watch formula one,sell out and sell out,after he retire,he could like Guy Adam open a five star hotel in zhe national reserve and park on Curieuse island,or why not Aldabra in order to protect Aldabra for himan impact.

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  14. A few words on Ram!s latest street
    protestDuDue to the decaying,rregime ,spiralinginflation,poverty,etc,we all thought Ram was about to organize his own jasmine protest ,thus reflecting the gravity of the state of the nation.His protest,ended up being frenze that frizzled.
    By midafternoon,literally two_Dozen persons appeared at the main protest site,.After walking roughly,200 meters,they vanished into zhe woods,leaving no footprints behind.
    Why Ram failrd?seychellois has lost faith in him,his protest was for him an attmpt to get back legitimacy,he is disconnected to seychellois streets,and his protest asked for nothing.

    Ram,as other opposition leaders,need to learn how to engage with the people,learning about them,their real problems,.
    Holding conferences to explain their rationale,and creating a plan of how they going to create a free,democratic seychelles.
    Standing in frontt of cameras making bbig vows,but never really represent the people,in itself,is an insult to the people.
    One may ask,is the Ruling regime zhen connected to the average seychellois?One would have to answer in affirmative.The whole idea of a police state is to stay in close connection with the people pl stays in connection with the average seychellois using terror,spies,enslavemrnt.
    Maxbr Ram next time should call for General Strikes or Occupy Victoria protest,but he must stop selli.g seychellois boxes of bullshit.

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  15. Housing and infustructor are still problem on Praslin ,for poor Praslinios living in a place like SALAZI this place can really make a house project and developt this area on Praslin.This world today even bus,can not reach up there for old peoples who live up there but no suckers politi-chein are helping see that, instead making Seselwa zoufer tou le zour but i will make sure that no one from this district listen to your bullshit politi-chien la fin. Seselwa with moral can to stop you kouyon Seselwa dont have to be a politician i will be just house to house up there every day to make them see reality now its 2015.

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