Konstantin Selivanov known as an experienced raider in small groups. For many years, he pretended to be a strategic investor and acquired companies and finalized mergers in large numbers.
His history can be followed back to 2016, but he vanished from public view after that. The second-to-last mention of him is in TGC-2's annual report, where he was the head of the board of directors. The last one was in early 2020, supposedly related to his “early death”. However, there are no photos from the funeral or other specifics.
So, what really happened? Did Selivanov actually die, or did he pretend to die to evade the consequences of scandals and debts, and start fresh under a new identity, potentially obtaining millions from TGC-2, which he was not paid for in 2018, through court as an inheritance for his relatives?
Konstantin Valeryevich, born in 1972, studied at St. Petersburg State University of Economics and Finance and lived in St. Petersburg on the Robespierre embankment.
From 2011 to 2017, he served as an advisor to the CEO at the limited liability company Trade House Bashkir Chemistry.
From 2016 to 2018, he was an advisor to the CEO at Sovlink Limited Liability Company.
Since 2017, he has been the Chairman of the Board of Directors of PJSC Territorial Generating Company No. 2, which is the largest heat and power company in the central and northwestern federal districts of the Russian Federation. Sovlink LLC owns nearly 61% of TGC-2 shares.
Finding photos of Konstantin Valeryevich is challenging, but he was found in the annual report PJSC TGC-2 report for 2018.
There is limited information about Selivanov online. There is an intriguing journalistic investigation about his raiding activities, as well as his criminal associates with whom he conducted business and forcefully gained control of companies on the site “Person of the Russian Federation” website.
His partners in raiding schemes are named as follows:
– A.N. Chistyakov (co-founder and president of Ruspetro);
– G.V. Petrova (leader of the Tambov-Malyshevsky organized criminal group);
– S.V. Kuzmin (St. Petersburg reputable businessman known as Kuzya, former founder of Rossiya Bank);
– A.V. Zuev (owner of Quorum Debt Management, former assistant of K. Sedov in the bankruptcy case of OAO MOITK).
As early as 2004, the popular publication Kommersant-Money published the findings of a study on the most effective raiders in the Russian market. Notably, Konstantin Selivanov was already among the top ten key raiders back then, according to research by the Ernst & Young company.
For many years, he has been involved in raiding under the guise of a major investor, acquiring businesses and conducting numerous merger deals.
Is it true or not? Did he die or fake his death?
In January 2020, the website of PJSC Territorial Generating Company No. 2 mentioned that the chairman of the board of directors, Konstantin Valeryevich Selivanov, “suddenly passed away.” No reasons, details, or specifics were provided.
Furthermore, in January of this year, the media reported that the Yaroslavl region court retrieved 181 million rubles from Selivanov’s company TGC-2 in favor of his heirs.
Selivanov was supposed to receive the specified money as a reward for his work in the company at the end of 2018, but did not receive it. According to the court decision, this amount was equally divided between the daughters Daria and Margarita, as well as Alla Selivanova. This was written by the popular edition of Interfax.
It is noteworthy that the shareholders of the company in the summer of 2019 decided that Selivanov should receive almost 181 million rubles in 2018. So this amount is 18 times higher than he received in 2017. But, as the court documents say, “during his lifetime” he never received this money. The TGC-2 company really did not want to pay out millions after his death, arguing that there were no economic justifications for issuing such an amount of money, but the judges decided otherwise.
As the court considered, according to the law, Selivanov’s remuneration “is included in the estate” and his relatives can claim it.
But that’s not all. We found another interesting document. This is a notice of Selivanov’s intention to go to court in 2018 with a demand to invalidate a number of transactions with other companies.
We are talking about the invalidation of transactions three or four years ago, which relate to Tver Generation LLC.
Selivanov also demanded the return of all TGC-2 PJSC, that is, to apply the consequences of the invalidity of these transactions.
We will not delve too deeply into the details of this notice, read all the details at link.
Another document dated 11/23/2020 concerns the recovery of subsidiary liability from the controlling persons of the debtor, namely Rusengineering LLC, including Selivanov.
All details on link.
All this suggests that the “premature death” of the raider is a grand scam to squeeze millions out of companies and avoid paying debts. Whether this is true or just speculation, time will tell.
