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. Last Updated: 07/27/2016

Berezovsky's Deals

On its front page, Moskovsky Komsomolets explores the "illegal operations" that yielded huge profits for LogoVAZ, headed by Security Council member and ORT director Boris Berezovsky.


On Dec. 18, 1993, AvtoVAZ president Vladimir Kadannikov and Boris Berezovsky, the general director of the All-Russian Auto Alliance, announced that in the near future a document would be signed between them and the U.S. company General Motors resulting in the construction ... of a new factory with a capacity of more than 300,000 cars per year.


However, AVVA's affairs did not go as well as expected. Already by the end of 1994, the alliance's leadership admitted that funds collected (even taking into account a $150 million credit from Banque National de Paris) were clearly not enough for building a factory. Shareholders were invited to hold out for "better times," when the investment climate in Russia would soften. ...


After Boris Abramovich [Berezovsky] left the auto business and joined the sphere of television magnates, scandals had already begun at ORT. ...


Since May 1996, a certain English firm under the name of Network Communications received from ORT nearly $18 million. For what? According to the deal, the Russian television station paid this money for the right to show some artistic films. It's odd that the films on the list included not only foreign production but also domestic films ...


According to the deal, ORT paid Network Communications $15,000 for every domestic film. At the same time Mosfilm, the owner of these pictures, was ready to sell the rights for all of $6,300 ....


Did the creator and de facto owner of ORT, Boris Berezovsky, know about this? ... Take into consideration that he usually answers the question concerning artistic content of the television station [with]: That is not my concern, mine is finance.


, Nov. 21