US-born businessman arrested in Russia for multimillion-dollar fraud
A St. Petersburg court has detained a US-born businessman on suspicion of large-scale fraud.
August Meyer is a co-owner of Russia’s third-largest cosmetics chain, Rive Gauche, and e-commerce site Ulmart.
Meyer – one of the most prominent foreign investors in Russia – is being investigated on two counts of fraud involving loans from Russia’s biggest bank, Sberbank, worth 2.4 billion rubles ($31 million).
Ulmart: One of the company’s co-founders also faces charges of fraud worth more than $13 million.
Meyer says: citizen of Russia, Malta and Saint Kitts and Nevis
Meyer has been placed under a two-month arrest
According to Forbes, Meyer is number 181 in its list of 200 of the wealthiest businessmen in Russia, with a net worth of $650 million.
December 9, 2021
https://www.rt.com/business/542692-us-businessman-arrested-russia/
August Meyer, a U.S.-born investor who is now a Russian citizen, on Wednesday. He is being investigated on two counts of fraud, the St. Petersburg’s court service said in a post on its Telegram channel.
the company was found to have provided false information to secure a loan of 1 billion rubles from Sberbank, knowing that it would not be able to fulfil the conditions of the agreement. In February 2019, Ulmart was ordered to repay the loan along with a 338-million ruble fine.
https://www.themoscowtimes.com/2021/12/09/russia-detains-american-investor-on-fraud-charges-a75773
Forbes assesses the state of Boyko at $ 1.2 billion
The skyscraper City of Capitals: where the office of his investment holding [Finstar] is located.
In 2007, he bought 75% of the St. Petersburg perfume chain "Riv Gosh" from a couple of entrepreneurs from Larissa and Pavel Karaban.
By August 2012, "Riv Gosh" has become the second largest seller of perfumes and cosmetics with 190 stores throughout Russia. Then Boyko sold control in the network to the ex-owners of "Lenta" August Meyer and Dmitry Kostygin. Boyko's acquaintances say that on this transaction he could earn up to $200 million.
Boyko looks with interest towards biotechnology.
Boyko: the field of increasing life expectancy.
13.2.2018
http://rusletter.com/articles/as_a_billionaire_oleg_boyko_created_the_largest_empire_in_europe
[Finstar]
Purchase of the Russian Douglas Rivili stores, with an annual turnaround of 55 million euro, by Rustiset Holdings Limited, the stakeholder in the Rive Gauche perfume-cosmetics chain, was stated in Douglas Holding AG’s annual financial report.
It is reported that the deal was closed on December 30, 2010.
Rustiset Holdings is in turn owned by Oleg Boyko, Larisa Karaban and Pavel Karaban.
13.01.2011
https://www.finstar.com/rbc-daily-oleg-boykos-rive-gauche-acquires-douglas-rivoli/