Maslovsky Pavel Alekseyevich

Maslovsky Pavel Alekseyevich

Pavel Alekseyevich Maslovsky - founder and shareholder of Petropavlovsk Group of Companies (owns 7.93% of the shares^[1], the chairman of the board of directors of Aricom PLC, the owner of the Irish company Antell Developments Limited, has an indirect (through third parties) influence on the decisions taken by the management bodies of OJSC M2M Priority Bank and OJSC Asia-Pacific Bank. Member of the Board of Directors of CJSC Expobank. ^[2], a representative from the Legislative Body of State Power of the Amur Region in the Federation Council of the Russian Federation, is a member of the Committee on Agrarian and Food Policy and Environmental Management of the Federation Council, resigns^[2]. Full member of the Academy of Mining Sciences.

Aktivs

The main projects of Pavel Maslovsky are concentrated:

• in the mining and gold mining sector (Petropavlovsk Group of Companies);
• in the financial sector (OJSC M2M Pryvet Bank, OJSC Asia-Pacific Bank, CJSC Expobank);
• in the construction sector (Antell Developments Limited).

State

It ranks 164th in the ranking of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2011." Pavel Maslovsky's fortune is estimated at $550 million ^[3].

Biography

Born December 25, 1956 in St. Petersburg, Russia.

1979 - graduated from the Moscow Aviation and Technology Institute. K.E. Tsiolkovsky (MATI) with a degree in Metallurgical Engineer.

1982 - defended his thesis.

1982-1994 - worked as an assistant professor at MATI.

1993: Founding of "Tokur-gold"

1993 - founded with partners PK Tokur-Gold.

1994 - 1994 - Co-founder and Chairman of the Board of Directors of Pokrovsky Rudnik OJSC (now Petropavlovsk Group of Companies^[4]

Until December 2011 - President of the Petropavlovsk Group of Companies.

Gold cost: Pavel Maslovsky's forecasts

Summer 2010 - elected president of the Amur Football Union, and the company GK Petropavlovsk is the general sponsor of FC Amur-2010^[5].

04.12.2011 - elected to the Legislative Assembly of the Amur Region.

19.12.2011 - Member of the Federation Council of the Russian Federation from the Legislative Body of State Power of the Amur Region.

2020: Arrest

The Tverskoy Court of Moscow on December 25, 2020 arrested one of the founders and former general director of Petropavlovsk Plc Pavel Maslovsky on charges of embezzlement, Olga Bondareva, press secretary of the Tver Court of Moscow, told RIA Novosti.

Petropavlovsk Plc is among the top five Russian companies in terms of gold production. Maslovsky was detained the day before in the office.

"The court granted the investigator's request to elect a preventive measure against Maslovsky in the form of detention," Bondareva said. He will have to stay in the pre-trial detention center at least until February 23.

"It was preliminarily established that in 2018 the defendants stole the financial assets of the enterprise. The amount of damage amounted to more than 95 million, rubles"- said the official representative of the MINISTRY OF INTERNAL AFFAIRS Russian Federation Irina Volk.

According to the court, he was charged under Part 4 of Article 160 of the Criminal Code of the Russian Federation (misappropriation or embezzlement), the sanction of which provides for up to 10 years in prison.

Searches were carried out at the company's office. The press service of Petropavlovsk declined to comment on the purpose of the searches. According to company representatives, Petropavlovsk did not see the case materials, but they probably relate to "people who do not hold any positions in the company now."

Another corporate conflict in Petropavlovsk began after the arrival of a new large shareholder, Yuzhuralzolot, in early 2020. The four largest shareholders did not support the former board of directors at the annual meeting in June, including the company's founder Pavel Maslovsky. They also initiated an independent investigation into a number of transactions over the past three years, when Maslovsky served as CEO, after which he was detained.

2022: 5.5-year prison sentence for fraud

On December 5, 2022, the Basmanny Court of Moscow sentenced Pavel Maslovsky, founder and former general director of the large gold mining company Petropavlovsk, to five and a half years in prison in a large-scale fraud case (part 4 of article 159 of the Criminal Code).

The entrepreneur will serve his sentence in a general regime colony. In addition, Maslovsky must pay the injured party, Pokrovsky Mine JSC, 99.348 million rubles.

Pavel Maslovsky sentenced to 5.5 years in prison for fraud

According to investigators, in 2018, Pavel Maslovsky instructed to acquire an office building controlled by him in Blagoveshchensk, owned by his son. The deal was made, according to law enforcement officers, at an unprofitable price. The damage caused to Petropavlovsk amounted to 95 million rubles, Kommersant reports.

According to one of Maslovsky's defenders, the prosecution has not proven a single qualifying sign of fraud: Pavel Maslovsky has a selfish goal and the fact that he received funds, the element of the corpus delicti as "theft" has not been proven. In addition, according to the defense, such qualifying signs of the incriminated act as deception, preliminary conspiracy of a group of persons and the use of official position were not proved.

The defense also claimed that Pavel Maslovsky in March 2018 could not exert any pressure on the management of Pokrovsky Rudnik JSC, since he was only one of the members of the company's board of directors. The lawyers asked their client to acquit, but the court decided otherwise.

Petropavlovsk is one of the largest gold miners in Russia. In 2022, she faced financial problems. In the summer of 2022, the company stopped trading on the Moscow Exchange, suspended trading on the London Stock Exchange, and in August 2022 agreed to sell its subsidiaries in Russia and most of the side structures in other jurisdictions to the Ural Mining and Metallurgical Company.^[6]

Awards

2003 - awarded a medal to the Order of Merit for the Fatherland of the 2nd degree - for the achieved labor successes and many years of conscientious work.

Family

Married, two children.

• Son - Yury Maslovsky^[7].

• Son - Aleksei Maslovsky^[8]

Notes