Tags: elena baturina

Russia’s richest woman wins libel case against Sunday Times

http://rumafia.com/news.php?id=419

Elena Baturina, the billionaire wife of former Moscow’s mayor Yuri Luzhkov, has won a two-year battle against British weekly Sunday Times after it wrongfully reported that Baturina had bought a mansion in London.

In two September 2009 articles the newspaper quoted well-informed sources as saying that Baturina had purchased Witanhurst, a large Georgian-style mansion in North London, which can be compared in size only with the Buckingham palace. Sunday Times claimed that an offshore company, registered in British Virgin Islands and linked with Baturina, paid Ј50 million ($79.5 million) for the property.

The newspaper was obliged to pay damages and costs, the size of which is not disclosed. The newspaper has also apologized.

Baturina’s press secretary said that he hoped that the case against Sunday Times would make journalists responsible.

“Two years have passed, but the names of the true owners of the mansion have not been revealed. I do not rule out that their names, which eventually will be made public, are well known”.

NEWSru

 

Inteco faces penalties for unpaid debts

http://rumafia.com/news.php?id=339

State-run VTB bank has filed a lawsuit in Moscow’s Arbitration Court against Elena Baturina’s Inteco firm for non-payment of 870.6m roubles ($30.6m) of duties for the loan, Sintez LLC and Ministry of Finance being the third party in the suit. The suit was put on the court’s data base on 20 June. A spokesman of the bank said that the loan to Bautina’s company had been approved on 1 December 2009, but in the second half of 2011 Inteco stopped paying the debtor’s duties. A spokesman of Inteco said that the company met its money obligations and sorted out emerging difficulties with the creditors.    

According to the Russian Mafia (rumafia.com), Inteco’s total liabilities by December 2010 amounted to 30.9b roubles ($1.1b). VTB’s loan to Inteco for day-to-day operational activities was secured by the guarantee of the finance ministry. Baturina’s company owes about 1.5b roubles ($53m) to VTB. Until now the company has had no difficulties in clearing off the liabilities. In summer 2009 Elena Baturina repaid a number of credits by selling her stakes in Gazprom, Sberbank and Rosneft, as well as 58 hectares of land in the west of Moscow.

In November 2010 VTB was reported to lay claim to Inteco – after resignation of Yury Luzhkov Baturina was expected to sell her business. She told Oleg Tinkoff in an interview in February 2011 that “VTB gave a try to seize Inteco”. “It is clear why banks took interest [in buying Inteco]. They issued a lot of loans, guaranteed by absolutely unreliable companies. Now they realise that they will not get their money back and have to find out how to make up for the losses, say, by buying something expensive at the cheap prise,” Baturina said.

Inteco sold its share in City Palace (Evolution Tower) skyscraper to Viktor Rashnikov at the end of 2010. It emerged this summer that the Inteco’s cement plants will be sold to Lev Kvetnoy, owner of Novorostsement.   

 

Kommersant

Baturina proposes to sell her cement assets

http://rumafia.com/news.php?id=242

The assets have been offered to Lev Kvetnoy’s “Novotsement” Company, Lafarge Cement and HeidelbergCement. Heidelberg Cement (with industrial capacity in Russia 2.83 million tons per year) has already carried out the due-diligence of Baturina’s cement works (“Atakaytsement” and “Verkhebakansky tsemzavod” with industrial capacity 600 thousand tons per year) and decided not to accept the offer due to assets’ overprice. Now both plants are supplying the Olympics building projects and thus have a lot of orders, but when the Olympics are over, they will face the decline in demand and their price will decrease, HeidelbergCement’s experts think.    

In 2010 the Inteco’s plants produced estimated 600 thousand tons of cement, their potential capacity being 2.6 million tons.

The rumours that Elena Baturina is going to sell her business in Russia have been circulating since Yury Luzhkov’s resignation. In November 2010 it became known that Inteco’s assets were being scrutinized by VTB, Yury Kovalchuk (co-owner of Russia bank and Surgutneftegaz oil-and-gas campany) and Suleyman Kerimov (Nafta Moskva). In December the Inteko was carrying on negotiations with Vasily Anisimov, the owner of Coalco, about selling the cement works, but the sides had not agreed on price.   

Experts believe that the acquisition deal will be forced, because Elena Baturina has to pay her debts. As of the previous year, the Inteco’s debt was estimated $1.075 billion, Baturina’s gross assets – $ 1.569 billion, her private assets – $ 493.5 billion.  

Kommersant

Elena Baturina found billions that had not been lost

http://rumafia.com/news.php?id=208

Investigation of a criminal investigation into the issue of the Bank of Moscow an unsecured loan amounting to 12.76 billion rubles to ZAO "Premier Estate, which eventually ended up in the personal accounts of the wife of former Moscow Mayor Yuri Luzhkov, Elena Baturina, yesterday launched a decisive stage. Searches using Special Forces soldiers happened in Inteko, Bank of Moscow apartments of its leaders, as well as in other commercial structures. Investigators came to the very lady Baturina, but she was not at home. In fact there are not defendants, but, as the searchers hinted, those could appear after studying the seized documents.

 

According to the IC at the Interior Ministry, searches and seizure of documents were made not only in Inteko, but in the Bank of Moscow, JSCB "Russky Zemelny Bank", CJSC "Kuznetsky most Development" and ZAO "Premier Estate”. In addition, the investigators visited the homes "of a number of top-managers” of Bank of Moscow. According to Kommersant’s source in the IC at the Interior Ministry, some investigators went to a country house, owned by Elena Baturina and Yuri Luzhkov, for a search, but failed to do so - the owners simply were not at home.

And while lawyers Ruslan Kozhura and Alexander Asnis, representing the interests of both Inteko, and Mrs. Baturina, told Kommersant that they have no claims to the work of investigators yet, Elena Baturin called the happening "an order." "I know for sure that these searches have nothing to do with us or with the Bank of Moscow. It is simply an order and the pressure on us," the owner of Inteko said to Interfax. According to Kommersant, Mrs Baturina is now in Austria.

Then a law enforcement source told the same "Interfax" that soon the question of presenting charges of fraud to Mrs. Baturina may be resolved. "Most likely, the charge will be charged in absentia, as Mrs. Baturina does not show up on the services on summons by investigation," the source said of Interfax. In turn, the lawyer Kozhura told Kommersant that Ms. Baturina had not received any summons from the investigation and no one summoned her.

As reported by Kommersant, the official representative of the IC at the Ministry of Internal Affairs, Irina Dudukina, investigations were carried out as part of a criminal investigation under Part 4 of Art. 159 of the Criminal Code ("Fraud in especially large size). It was instituted by Bureau of Investigation Directory of the Internal Affairs of Moscow in December last year ("Kommersant" spoke about it on Dec. 22, 2010), and then in connection with “the resonance and complexity” it  was transferred to the IC at the Ministry of Internal Affairs for further investigation in early February this year.

As they explained in the IC at the Interior Ministry, a criminal case is investigated against «unknown persons" (it does not have any suspects or defendants), but they may appear - after studying the papers seized during the searches, and the results of interviews scheduled in the near future.

The deal, in which the investigation takes great interest, was concluded on June 25 last year. Then the OOO "Trade House "Ramenskaya" - subsidiary of Inteko - sold to ZAO “Premier Estate” 58 hectares of land to the west of Moscow (between Michurinsky Avenue, Lobachevsky and the Kiev railway) for 12.7 billion rubles. The company "Premier Estate” was established shortly before the deal, by Vice-President of JSC "Kuznetsky Most Development", Svetlana Timinina with registered capital of 10 thousand rubles, the money was acquired as a loan from Bank of Moscow. Three weeks prior to loan issue the Moscow City Duma approved the decision of the city government's contribution of 14.99 billion rubles to the capital of the Bank of Moscow.   Being the main shareholder of the bank, City Hall transferred the money as payment for additional shares. The Bank of Moscow repeatedly stated that Premier Estate "has received a credit on market terms, and even laid the land purchased from Inteko, moreover, they assured in the bank, that the borrower properly serviced the loan and prepaid part of it. Earlier, British media reported that Premier Estate "bought land in the interests of fund Argo Capital Partners Fund Ltd, registered in 2006 in the Cayman Islands. That information was confirmed by two former employees of Inteko to Kommersant. By selling the land to the west of Moscow, as well as selling her part of shares of Sberbank, Rosneft and Gazprom, Mrs. Baturina rescued 27 billion rubles; 18 billion of it went to pay off the debt to Gazprombank, another 9 billion rubles – to pay off other creditors, including the Bank of Moscow. Sale of assets enabled the owner of Inteko to reduce her debts by 90%, yet the spring of 2009 they were estimated at 30 billion rubles.

Kommersant № 29 (4570) on 18/02/2011

Baturina’s business in St. Petersburg is driven to bankruptcy

http://rumafia.com/news.php?id=152

St. Petersburg Company ZAO “DSK № 3” of the holding Inteko, owned by Elena Baturina, the wife of ex-Mayor of Moscow Luzhkov, is driven to bankruptcy by the supplier of crushed stone. A lawsuit was filed in the Arbitration Court of St. Petersburg and Leningrad region.

As "Fontanka" found out, the plaintiff is OOO "The St. Petersburg Wholesale Non-Metallic Company” (‘SPONK’), it is engaged in deliveries of building materials. Lender does not indicate the amount of debt in the body of the bankruptcy declaration of ZAO DSK № 3. The Company itself does not comment on their demands prior to trial.

However, judging by the reports of the Arbitral Tribunal, this is not the first lawsuit of SPONK against DSK № 3. At the end of September 2010, the 13th Court of Appeals ruled on a dispute between the companies. The supplier of crushed stone has recovered from the Construction Company more than 200 thousand rubles for unpaid building material supply. According to the case, an agreement on cooperation was signed by the companies in May 2009. According to this document, SPONK supplied granite rubble of a specified brand to one of the building site operated by DSK № 3, but never got any money for it.

It is noteworthy that being in Appellate Court the Construction Company did not contest the fact of indebtedness to the supplier, but the amount of the late payment penalties. The court, however, did not give way to DSK № 3 and did not change the amount of punishment.

But, apparently, even the decision by a higher court instance did not make DSK № 3 pay for the supply.

As Fontanka’s sources in the property market declare, the debt to the supplier of crushed stone is not a major financial problem of the Company. It is possible that other lenders will seize this moment to present their claims to DSK № 3.

Let us recall, that as reported by "Fontanka", Elena Baturina acquired the St. Petersburg developer ZAO DSK № 3 at the beginning of 2010. Then the business community discussed the plans of business lady to turn the company into one of the leaders of the City housing market.

Also they discussed on the sidelines that Baturina had bought the company at a significant discount because of the large amount of the outstanding debt of DSK №3. (Before the recession, the cost of the plant with 10 hectares was evaluated by experts of the market at 2 billion rubles).

Company Inteko by Elena Baturina completed buying up the shares of an independent developer ZAO DSK № 3 on February 4, 2010. It was planned that a big business (Inteko is estimated at 54 billion rubles) will invest a considerable capital into the company restoring (about 4 billion) and thus will bring it to full capacity of 250 thousand square meters per year.

Let us recall that DSK № 3 enjoyed the deal with Inteko. In 2009, the company which had experienced the tough 90’s was on the brink of ruin. Urban media reported strikes organized by employees of the company as they had not been paid for months.

But as you know, now the richest woman in Russia is not feeling like investing. After the sensational resignation of the mayor of Moscow, Yuri Luzhkov, Elena Baturina has been claimed by creditors. The largest one was the brother of businesswoman - Viktor Baturin, who said that his sister owed him $ 500 million. He also said that Inteko is on the verge of bankruptcy because they do not have the funds to pay all obligations. However, the company was quick to officially refute the statement.

Source: "Fontanka.ru" on 10/14/2010

She gave $ 1 billion

http://rumafia.com/news.php?id=98

Elena Baturina's income in 2009 was 30.93 billion rubles. Of these, 28 billion - income of securities and investments, including the sale of shares in Gazprom and Sberbank, as well as the sale of OOO "TD Ramenskoye» (58 hectares in the Western district of Moscow), ZAO Inteko spokesman Gennady Terebkov reported; and another $ 3 billion - wages and other payments in Inteko. In 2008, the salary of Baturina in Inteko was much smaller - 15.4 million rubles, the total income was 7 billion. Terebkov could not explain such a growth of payments. Baturina has already spent the earned billions: 27 billion rubles were paid for loans, including those to Gazprombank, and the remaining 4 billion were spent on personal income tax.

For the year Baturinaa obtained a house and a land plot in Austria (321 and 2003 square meters), she also rented a house in the UK (1203 square meters) and in Spain (1627 square meters). The sympathy of Mayor' wife for the of Austria has been known since 2006, then Inteko purchased a golf club in Kitzbuhel to build on its territory a five-star hotel with capacity of 70-80 rooms. The house and the hotel are various sites, Terebkov says.

Baturina did not acquire any cars last year; now she has 1995 Audi 80, Porsche Cayenne Turbo S in 2005, Mercedes-Benz S600 2007 and Mercedes-Benz ML63AMG 2007, as well as two old-timers - Mercedes- Benz S220 1957 and Talbot95 1934

Yuri Luzhkov's income in 2009 amounted to 7.98 million rubles (last year it was 6.8 million); Mayor rented a cottage with area of 2531 square meters, the total area of his own sites was 1,136,000 square meters.


Source: «Vedomosti» № 80 (2598) on 05/05/2010

No China in the town

http://rumafia.com/news.php?id=79

Three years ago the company Inteko agreed with the Chinese contractor to begin construction in Kazakhstan. But the Kazakhs delayed the issuance of licenses to the Chinese. Inteko suffered losses, and it looks as if the Moscow authorities decided to help the company return the money. Now the money has been demanded from other Chinese also.

Now Sergei Sanakoyev, Chairman of the board of directors in Russian-Chinese Centre of trade and economic cooperation complains that Mayor's Office stops the construction of Huamin Park - a large center with area of 200,000 square meters near the metro station "Botanichesky Sad", Moscow. Mayor Luzhkov simply does not sign the draft of regulations required.

Many construction projects in Moscow do not go together with some Master Plan of the city development. To remedy this contradiction, they need to remove the so-called red lines by releasing the ruling of the government of Moscow. Draft regulations for the removal of red lines for the Chinese project was prepared and agreed a few years ago. But then it work out.

If it were a usual construction project in the capital, the problem would be solved easily according to the well-known scenario. But the Huamin Park by Sanakoyev is an important Russian-Chinese intergovernmental project. It was to become a trademark of the PRC. The project cost was estimated at $ 800 million. PRC government has invested the money through the Park Huamin.

In the summer of 2007, the first stone of the business center was solemnly laid by the vice-premiers of Russia and China. Mayor Yury Luzhkov spoke at the ceremony that the Center was to become a symbol of how Russia and China could jointly solve complex problems.

When the authorizing documentation suffered problems, managers of the Huamin Park got Chinese authorities involved. At a reception in the representation of China embassador Li Hui asked Yuri Luzhkov directly about the reasons for delaying the construction. Mayor was surprised, and said he did not know about the problems, and immediately asked aides to handle it. And then, according to Sanakoyev, the mayor met with him and said bluntly that the draft of Chinese in Moscow was not going to move unless they paid the required amount - the same one Inteko had lost in Kazakhstan. That was about $ 50 million, Sanakoyev says.

Huamin Park had no relation to the Kazakh story. Inteko worked with the All-China engineering and construction corporation (ACECC) there. The Chinese contractor was supposed to build Business Center "Moscow" in Astana. But ACECC could not begin the construction for a long time: it had to be licensed to work in Kazakhstan. The company Inteko was to help with obtaining a license, Sanakoyev says. However, they have another opinion in Inteko. "On the territory of the Republic of Kazakhstan any legal entity is obliged to obtain licenses by itself", Inteko told Newsweek.

According to the source of Newsweek, as a result, the Chinese managed to bring the discussion of the project to the level of the high-ranking persons from the both countries. In May last year, the chairman of the Chinese parliament, Wu Bangguo complained at the meeting with Dmitry Medvedev that the construction of the business complex still had not been begun. "They say, Medvedev was shocked, the source says. He said: can not be so, that the officer restrained a state project because of his personal business."

After the meeting of Dmitry Medvedev with a Chinese speaker the matter was referred to the control of the presidential administration. Then it was transferred to the Government of Moscow to be buried again. In March of this year, another major Chinese official Xi Jinping - deputy chairman of the PRC and the most likely heir to the current President Hu Jintao - was going to visit the capital and was supposed to open the Year of the Chinese language in Russia together with Vladimir Putin. The conversation could easily go on about the problems of Huamin Park.

But it happened t so hat on March 23, on the day of arrival of Comrade Xi, the Investigation Committee of the prosecutor's office announced the initiation of criminal proceedings against Chairman of Moskontrol Alexander Ryabinin - he had twice written negative feedback for the project construction. Thus, if the conversation turned to be about the problems of the Chinese project, the Russian prime minister could easily support it: a key official of the City Hall had just been charged for extortion. And as soon as Xi went back to China, Ryabinin was dismissed of all the charges. "We are in despair", one of the leaders of the Park Huamin says. The Corporation is preparing to write off $ 9 million spent on land leasing and then it is going to close the Moscow office completely.

Source: "Russian Newsweek" on 04/19/2010

Yuri Luzhkov won the victory over the "Just Cause"

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Moscow Mayor Yuri Luzhkov won the latest action in the metropolitan court to protect the honor and dignity. At this time the "Just Cause" and the party political council member Boris Nadezhdin must pay him 50 thousand rubles each for saying that Mr. Luzhkov wanted to capture the fatty pieces of Moscow suburbs for building, and for his wife, Elena Baturin could enrich herself more." Meanwhile, the mayor brought the similar action against the State Duma Deputy Speaker Vladimir Zhirinovsky, and the latter summoned a thousand witnesses.

In the suit, Yuri Luzhkov claimed that the statement of Boris Nadezhdin connected his work with the business interests of the «Inteko»CEO Elena Baturina», and «discredited him as a senior official of the city, and did not correspond to reality." As compensation for moral harm inflicted the mayor demanded 500 thousand rubles to be collected from the party, and from Boris Nadezhdin as well.

Mr. Nadezhdin asked a number of documents proving the construction works on the territory of Moscow and Moscow region made by the firms that Elena Baturina managed. In addition, he applied for witnesses subpoena, who were making decisions in connection with the construction activities of Mrs. Baturina - her husband, her brother Viktor Baturin and deputy of Mr. Luzhkov, Vladimir Resin. In addition, the Party member demanded to proove Yuri Luzhkov's suffering caused by his remarks.

However, none of the motions by Mr. Nadezhdin were satisfied by court, moreover, the court obliged him to refute the words that Mr. Luzhkov «wanted to capture the fatty pieces of Moscow suburbs for building, and for his wife, Elena Baturin could enrich herself more”, and sought in his favor 50 thousand rubles from Mr. Nadezhdin and the party "Just Cause", on the site of which the statement was published. The Party member called this court's decision and the case itself "a farce and spectacle." "All my requests were rejected, the court refused even to discuss whether Elena Baturin was the wife to Yuri Luzhkov. It is not clear even what I should deny», he said and promised to respond. «I will stand with a big cap in hand in front of City Hall, to collect 50 thousand for Luzhkov. Besides that, I will turn to the Constitutional Court for protection of my right to freedom of speech, opinion and political debate. "

At the same time, a scandal erupted at the trial on the suit of Yuri Luzhkov to the State Duma Deputy Speaker Vladimir Zhirinovsky and VGTRK (All-Russian State Television and Radio Broadcasting Company). The ground to the suit served the statements of the leader of the Liberal Democratic Party about corruption in Moscow. Lawyer of the party member Sergei Belyak has already presented to the Savyolovsky court of Moscow a 286-sheet vindication of Mr. Zhirinovsky rightness, at the next meeting he will submit a folder with the law-enforcement authorities' responses on the state of corruption in Moscow. In addition, according to Mr. Belyakov, a list of thousands of witnesses has already been compiled, including several dozen members of the State Duma, famous artists and public figures. "The judge asked us not to call all the witnesses at the same time, so that the court would not turn into Babel, but the case may result in the Nuremberg trial against the Moscow corrupt officials", said the lawyer.

Source: newspaper "Kommersant» № 34 / M (4334) on 01/03/2010

The Adventures of IKEA in Russia: informers from the FSB, conflict with Baturina and cost of...

http://rumafia.com/news.php?id=13

In the early spring the publishing house "Alpina Business Book" issued a book of the first general director of IKEA in Russia Lennart Dahlgren " IKEA loves Russia: a story of leadership, passion and perseverance" (translated by Oksana Belychook). This book becomes of particular relevance when two top managers of IKEA: Director of Central and Eastern Europe Per Kaufman, and Real Estate Director of IKEA Russia Stefan Gross - lost their posts two weeks ago "for being tolerant towards corrupt practices of a contractor".

Lennart Dahlgren - one of the heroes of the consumer revolution in Russia. Ten years ago there was not a single store of IKEA in our country. Last year the12th of them was opened in Omsk. Dahlgren has experienced many adventures in Russia. "It happened so that I came to work on Monday, looked at the watch and it was Thursday", he recalls. Arrogance of governors and mayors, harassment and incompetence of smaller officials, controversial laws - anyone's head would go round from that. But Dahlgren had a super weapon in his store: gratefulness of millions of customers, covert and overt allies on different floors of the Russian power. Dahlgren returned home in 2006, but his relationship with our country is not over yet. Forbes publishes extracts from his book.

One case was associated with the name of Mrs. Baturina, wife of the Moscow Mayor Luzhkov - the famous, ambitious and prosperous business lady, and the richest woman in Russia – the case was in my mind for a long time. Baturina owned construction companies and a number of other industries, in particular, plants making furniture out of plastic. Mrs. Baturin unexpectedly took part in one of our meetings with representatives of that company, which we considered as a potential supplier. She entered the room in the middle of conversation, and without any introducing said that we could buy products of one of her businesses on her terms only. Those were beyond the rich of reason and were totally unacceptable. Then we were told that that disagreement had played a role of red cloth in our subsequent conversations with her husband on the construction of IKEA on Kutuzovsky Avenue. I still can not believe that it might have been true.

Source: "Russian Forbes” on February 27, 2010

Elena Baturina - Head of ZAO «Inteko»

http://rumafia.com/person.php?id=22


Surname: Baturina

Name: Elena

Fathername: Nikolaevna

Position: Head of ZAO «Inteko»


Biography:

 

Born March 8, 1963.

Graduated from the Moscow Institute of Management named after Sergo Ordzhonikidze (now - university).

In 1982-1989 was a research assistant in the Institute of economic problems of integrated national economic development of Moscow; chief specialist in Commission on cooperatives and individual labour activity.

In 1991, Baturina and her brother Victor registered a company (cooperative) «Inteko», which became involved in the production of polymer products.

In the same year Baturina married Yuri Luzhkov, who in 1992 became mayor of Moscow.

In autumn 1999 Baturina ran for the State Duma from Kalmykia, but lost the election.

In 2001 transformation of Inteko into a major investment and construction corporation began. She managed to take control of about a quarter of the capital market of panel housebuilding.

In 2002 a division of monolithic construction as part of Inteko appeared. Since mid of 2002 the company acquired a number of cement factories, thus became a major supplier of cement in the country.

In 2003 Inteko announced plans to release its own bond issue. Shortly after Inteko announced the creation of their own realtor structure "Magistrate".

In 2005 Inteko sold all of its cement business, and after a while a Housebuilding plant #3 (DSK-3), which had been acquired in 2001. After the sale of the plant Inteko left the market of panel construction.

In spring 2006 Inteko returned to the cement market by buying from the Group SU-155 Verkhnebakansky cement factory in the Krasnodar Territory.

In July 2006 Baturina was elected to the Board of Directors of OJSC JSCB "Russian Land Bank».

Baturina has two daughters of marriage to Luzhkov Baturina: Alena was born in 1992, Olga - in March 1994.
Source: www.lenta.ru on 8.02.2010

Dossier:

 

In July 1999 Baturina was appeared in a scandal center on the illegal export of capital abroad. According to FSB officers of Vladimir region, her firms «Inteko» and «Bistroplast» led by Viktor Baturin cooperated with structures engaged in money laundering. Those structures transferred abroad $ 230 million. FSB officers of Vladimir region drew their attention to the activities of “Aleksbank» registered in Alexandrov. It served the firms "Vigor" and "STELS-INFO", which turnover on the accounts grew unexpectedly quickly. It turned out that the funds had been transferred from the "Aleksbank" for conversation to Moscow banks, and then abroad.

In "Aleksbank" funds came from Moscow bank "Sunrise", to which they came from more than a thousand different companies including “Inteko" and "Bistroplast», which transferred the funds from their accounts to the Russian land bank.
Source: "Kommersant" ? 126 (1770) on 20/07/1999

In the Russian Land Bank FSB officers seized numerous documents of «Inteko». However, later the official position changed: ostensibly, Baturina had nothing to do with the millions trafficked, and the documents returned to Inteko.
"Kommersant" ? 218 (1862) on 25/11/1999)

In the late 90's the company Inteko also became general contractor in the construction of Chess City (City-Chess) in the republic of Kalmykia under agreement of Baturina and the President Kirsan Ilyumzhinov. Some budgetary funds might have been used in a building, which actually meant a misappropriation of funds.

Years later Baturina argued that Ilyumzhinov had not paid her money for the construction. While Ilyumzhinov argued that she had received the money in full.
Source: "News of the Week" on 23/05/2004

In 2003, Inteko acquired in the Belgorod area cement and plastics factories, a milk canning plant, several hog-raising and cattle-breeding farms. In May 2004, the Governor of the Belgorod region Yevgeny Savchenko accused Inteko of "using" gray schemes" in property acquisition and buying land at low prices for resale. There were several lawsuits initiated to recover the purchased by Inteko land to its previous property owners. In March 2005, Inteko-Agro - a subsidiary of Inteko - refused to transfer its land to the authorities which needed it for railway construction to the Yakovlevsky deposit iron ore.

In April, Inteko-Agro scaled back its activities in the region. In response, the deputies of the Regional Duma formed a commission to investigate activities of Inteko. Among the claims of the authorities were the following points: an illegal purchase of land, arrears of budgets, and closure of enterprises.

In the summer of 2005 the conflict turned from economic sphere to a political one: Inteko supported in the elections to the provincial authorities the current Duma opposition Liberal Democratic Party. However, the Regional Election Committee refused to register the party list because of the delay in the documents filing.

The conflict had criminal consequences also: in the same year executive director of «Inteko-Agro» Alexander Annenkov was attacked in Belgorod. «Inteko» associated it with disagreements between the company and Belgorod authorities. Viktor Baturin called the attack on Annenkov an attack on the entire company «Inteko».
Source: Kommersant (Voronezh) ? 191 dated 11.10.2005

The next day in Moscow a lawyer of “Inteko» Dmitry Steinberg was killed.

However, investigators did not rule out the possibility of an accident.
Source: Kommersant (Voronezh) ? 193 (3227) on 13/10/2005

After a partial roof collapse of the Moscow water park "Transvaal-park" on February 15, 2004 which killed 28 people, it became known that the water park business had been indirectly funded by Baturina and her brother Victor. "Terra Oil» company controlled the business, while Baturina financed the deal on its purchase from the company "European technology and service». It became known from the documents found by the newspaper «Kommersant». Although legally «Inteko» was not one of the company promoters which had been managing the water park.
Source: "Kommersant" ? 40 (2879) on 05/03/2004

At the end of December 2007 conflict flared between Baturina and her brother Victor. Being co-owner of the «Inteko” shares he filed a lawsuit against the company as soon as he learnt from the media that he had been dismissed. The businessman accounted on obtaining compensation in case his dismissal was legal.
Source: "Your Day" on 17/01/2007

Originally Baturina and her brother each owned 50% stake of “Inteko». Victor had 51%, but then he sold 1% , and 25% left to his wife after divorce. In 2002, his share fell to 1%. After her brother dismissal Baturina became the sole owner of “Inteko».
Source: "The Case of the Week" on 06/12/2007

In February 2007, the Tver Court of Moscow dismissed the claim of Baturin for his reinstatement in the company «Inteko» and denied him any compensation. In response to that Baturina filed four complaints against her brother and his companies. The first one challenged the right of Viktor Baturin to own the company «Ivan Kalita». Another three cases contained proprietary claims to «Inteko-Agro-Service" and "Inteko-Agro».

But soon after that brother and sister entered into a settlement agreement and refused of the mutual claims. In media interviews Viktor Baturin said that nevertheless he was going to receive compensation from his sister. It remained unknown who had been the initiator of the arrangement, but litigation was clearly disadvantageous to both parties.
Source: "Kommersant" ? 25 (3601) from 16.02.2007

At the end of June 2009 the Main Investigation Department at the Moscow police opened a criminal case on tax evasion against the company of businessman Shalva Chigirinsky «Sibir Energy».

And in early July, London's High Court began to adjust a claim of Chigirinskiy for an oil businessman Ruslan Baisarov, with whom he contested for the actions of “Sibir energy». In July 2009, Shalva Chigirinsky unveiled documents showing that company «Inteko» along with Baturina were co-owners of that company. This could make Baturina defendant in the criminal case.

Documents showed that Chigirinsky and Baturina were co-owners of an offshore company «Rossini», whiche main asset was a controlling stake in «Sibir Energy». Later the nominal owner of the company became the oil businessman Ruslan Baisarov, but Baturina participated in the business in 2003-2006. Chigirinsky asserted that behind Baisarov was Baturina, who according to a secret agreement owned shares in exchange for a promise of victories by Chigirinskiy companies in the government contests. Baturina denied any connections with Chigirinsky, however she asserted Chigirinsky owned her 42 million dollars.
Source: "Parity-media" on 29/07/2009

They believe that the partnership between Chigirinskiy and Baturina made Chigirinsky win the contests of the Moscow government; the most famous of them was for the reconstruction of hotel "Russia" (won by the firm of Chigirinskiy and Baturina, "ST Development"). In January 2007, the Arbitration Court declared the contest null and void. Despite this decision, Luzhkov still allowed to demolish the old hotel building. Construction implementation did not succeed.
Source: www.rusolidarnost.ru from 09.2009

Generally, it is believed that the majority of "Inteko» activities flourished because of the patronage of Moscow Mayor Yuri Luzhkov. This is evidenced by numerous facts, including a contract for the manufacture of utensils for Youth Olympic Games in Moscow, seats for the Luzhniki Stadium, saying nothing of the numerous construction projects, which compliance with the current legislation is often questionable.