The fresh look3 Sep 2023 18:07
Administrators sad in the last report that they completed the investigation into the conduct of the directors)))
On 16/07/2019, Roman Trotsenko (under UA sanctions) adviser to CEO Rosneft Igor Sechin (under all sanctions) bought a stake in the gold miner Petropavlovsk.
On 08/11/2020, Charlotte Philipps was appointed as a Non-Executive Director of Petropavlovsk Plc and as Senior Independent Director of Petropavlovsk Plc on 17/08/2020. She was simultaneously a member of the Strategy and Investment Committee of the Board of Directors of Inter RAO UES Russia's largest integrated utility company, from June 25, 2013, to May 28, 2021. Igor Sechin was Chairman of the Board of Directors of Inter RAO UES from June 25, 2013, to May 28, 2021 (information for 2022 was classified).
On 25/12/2020, Pavel Maslovsky, ex-CEO of Petropavlovsk, was arrested. The criminal investigation was based on the resolution of the chief of Department «K», Service economical security FSB RF, General-Lieutenant Ivan Tkachev. In many publications, Ivan Tkachev has been named as «Sechin’s personal guard». He and his son, Alexey, were accused of embezzlement by inflating (slightly over £1 mln.) the price of an office building and land in Amur Region, Russia.
On 16/04/2021, Mikhail Irzhevsky (under UA sanctions) was appointed as an independent non-executive director of Petropavlovsk Plc. Irzhevskiy previously worked for at Freshfields Bruckhaus Deringer LLP from 1999 to 2013. During this time, Partner at Freshfields Bruckhaus Deringer LLP served as a consultant to Rosneft on various transactions.
On 31/12/2021, Petropavlovsk PLC ended 2021 with a $10 million decrease in cash flow and a profit of $1 million (Management report April actual results and 2022 Forecast). No information about the debt refinancing process has been provided.
On 09/03/2022, Company Region owned by Sergey Sudarikov (under UA, UK sanctions) acquired a 29.18% stake in Petropavlovsk. However, in early April 2022, the deal was canceled. Company «Region» manages the non-state pension fund of Rosneft.