Pripachkin Yury Igorevich

Pripachkin Yury Igorevich

Biography

Yuri Pripachkin was born on October 12, 1960 in Moscow.

He graduated from the Moscow Aviation Institute (MAI) with a degree in radio engineering. Doctor of Technical Sciences. The author of more than 50 scientific papers and publications.

1983-1985.

He worked at one of the departments of the Moscow Aviation Institute.

1985-1990.

He served as an officer in the Armed Forces of the USSR. After leaving the army, he worked as deputy general director of AOZT "Office of Advanced Technologies."

1992-1993

He became president of the Eurasian Financial and Industrial Corporation.

From 1992 to 1993 he was deputy chairman of the board, member of the exchange committee of the Moscow Commodity Exchange.

In 1992, he became one of the initiators of the creation and organizers of the Moscow telecommunications corporation Comcor (Akado Telecom trademark). He served in the company as president, general director (since 2002), chairman of the board of directors.

2001

Since 2001 - President of the Cable Television Association of Russia

2003-2008.

General Director and General Designer of Electronic Moscow.

200: Co-owner, Chairman of the Coordination Council of Akado

In 2006, control of Akado passed to Viktor Vekselberg's Renova-Media holding, and Pripachkin was appointed chairman of the operator's coordinating council in 2007, remaining its co-owner.

In 2010, Tsentrtelecom (controlled at that time by Svyazinvest) and Megafon claimed the purchase of Akado. The deal with the first shareholders of Akado was discussed in September 2010. It was assumed that Centrelecom would pay $1.07 billion for the entire company. But the then general director of the Svyazinvest holding, Yevgeny Yurchenko, considered the price overpriced. And on January 31, 2011, the boards of directors of three Svyazinvest companies approved the purchase of 71.8% of National Telecommunications (NTK). But a source in Svyazinvest assured that the purchase of NTK does not exclude a deal with Akado. Pripachkin said that negotiations with the holding were not resumed.

Megafon in June 2010 valued Akado at $700 million, and in September, according to sources in Svyazinvest, increased the offer to an amount comparable to the estimate of the state holding.

In February 2011, it became known that Renova acquired a 7% stake in Akado from Yuri Pripachkin. The deal could cost Vekselberg $56-77 million. After the deal, Pripachkin owned 42% of Akado, and Renova owned 58%. The parties did not disclose the amount and details of the transaction. But earlier Pripachkin announced that he considers an objective estimate of the entire company at $1.2 billion. According to him, it was in this amount that Svyazinvest estimated Akado.

Perhaps Pripachkin was counting on money from the failed deal with Svyazinvest, suggested VTB Capital analyst Viktor Klimovich, and then found a buyer in Vekselberg. But, on the other hand, Akado shareholders can thus try to convince a potential buyer that they themselves take the company's valuation seriously, he argues. The last similar transactions took place on 8-11 EBITDA indicators, says Klimovich. Then 7% could cost 56-77 million^[1]

As of 2013, 100% of "Akado" was owned by Renova Media Enterprises (RME), which was controlled by Renova Industries Ltd. (58%) Victor Vekselberg and CMCR Management Ltd. Yuri Pripachkin (42%).

At the beginning of the summer of 2017, Yuri Pripachkin, who by that time owned 25% of Akado, completely left the business of the third largest number of subscribers in Moscow, Vedomosti wrote. His share was acquired by the structures of Renova Viktor Vekselberg, at that time - the main shareholder of Akado. The amount of the transaction was then estimated by analysts at 6.4-8.5 billion rubles^[2].

2017: President of the Russian Association of Cryptocurrencies and Blockchain

In 2017, Yuri Pripachkin focused on activities in the field of blockchain technologies. At the end of August, he became president of the new Russian Association of Cryptocurrencies and Blockchain (RAKIB).

In addition, he invests in business related to the creation of infrastructure for the development of these technologies. According to RBC, about $10 million was already invested in projects where Pripachkin participates at the time of the message. The businessman did not specify the details then, but said that he would no longer return to the telecom industry^[3].

2020-2021: Dispute over debt of 367 million rubles with the owner of Lanit Philip Gens

In September 2021, TAdviser learned about litigation between ex-co-owner of Akado Yuri Pripachkin and President of Lanit Group of Companies Philip Gens, during which Gens is trying to recover 367 million rubles of debt from Pripachkin under loan agreements. Pripachkin does not recognize the presence of debt.

The dispute developed as follows. In July 2020, the Gagarinsky Court of Moscow, at the suit of Gens, decided to recover in his favor from Pripachkin a debt of 367 289 348 rubles under two loan agreements dated 2017. The principal amount is about 354 million rubles, and the rest is contractual and penalty interest, as well as the cost of paying state duty for litigation. This follows from the appeal ruling of the Moscow City Court of November 2020, published in the database of Moscow courts.

Loan agreements are dated November and December 2017. A few months earlier, in July 2017, it became known that Yuri Pripachkin had left Akado, at that time the third largest wired provider in Moscow, having sold his 25 percent stake to the structure of Viktor Vekselberg. The parties did not disclose the amount of the transaction at that time, but earlier Renova estimated the entire Akado at 32-34 billion rubles, taking into account the debt of 12 billion rubles^[4].

The definition of the Moscow City Court of November 2020 states that in total Pripachkin in 2017 borrowed $2.45 million and $3.675 million in rubles from Gens under two agreements at the exchange rate at the time of the conclusion of the agreements. The debt was partially repaid.

Yuri Pripachkin through the court demands to invalidate the loan agreements "(photo - Kirill Kallinikov/RIA Novosti)"

As the Gagarinsky court found out, two additional agreements were later concluded to loan agreements, which established that the payment of the remaining parts of the debt should occur in 2019, and also established the interest that should be charged to them. But the loan amounts and interest by the defendant have not been returned, according to the appeal ruling of 2020.

When Gens in 2020 recovered the debt through the court, Pripachkin filed a counterclaim against him to invalidate both loan agreements, receipts on receiving funds, additional agreements that established the terms of payment of the debt and interest. He claimed that he was not a party to the transactions, did not sign loan agreements with Gens and did not receive money from him.

Pripachkin then submitted an opinion on the examination carried out by the expert agency on copies of the submitted documents. It contained the conclusion that all signatures on the disputed documents were not made by him, but by another person. In this regard, the court appointed a comprehensive forensic-technical and handwriting examination in the ANO "Interregional Center for Expertise." The expert of this organization came to the conclusion that the signatures on behalf of Yuri Pripachkin both in the loan agreements and in the receipts for receiving funds were nevertheless fulfilled by himself.

Pripachkin's side also told the court that Philip Gens did not have sufficient funds to lend. But the court claims that Gens's presence of money sufficient to transfer the amounts indicated in the loan agreements to the loan is confirmed by the income certificates submitted by him for the period 2016-2017. The judicial board recognized Pripachkin's references to the fictitiousness of these certificates as far-fetched and unconfirmed.

Thus, according to the Moscow City Court, which considered the appeal, the Gagarin court had previously correctly established the facts of the conclusion and transfer of funds and decided to collect the debt from Pripachkin in favor of Gens.

In court, the defendant's side, Pripachkin, did not deny that he was also familiar with Philip Gens's father, George Gens (died in 2018 - approx. TAdviser). Between Pripachkin and George Gens there were business relations related to the conduct of joint business, Pripachkin repeatedly borrowed from Gens Sr., according to the appeal ruling of the Moscow City Court of November 2020.

According to the file cabinet of arbitration cases, in April 2021, Philip Gens made an attempt to get Pripachkin declared bankrupt in order to receive the debt, but at that time the Moscow Arbitration Court refused this demand, citing the fact that at that time the judicial act had not yet entered into force, on the basis of which the amount of the debtor's debt was established.

In the fall of 2021, the bankruptcy case will still be considered, it is scheduled for October 26.

And in June 2021, Yuri Pripachkin won the court, having achieved a partial cancellation of the decision of the Gagarin court in the appellate instance. He himself told TAdviser that the court invalidated additional agreements to loan agreements, which established the date of payment of the remaining part of the debt and the interest accrued on it. According to Yuri Pripachkin, the court took into account the results of the examination, indicating that the actual dates of the appearance of these documents do not coincide with the dates indicated on them.

In a conversation with TAdviser, Yuri Pripachkin added that he does not recognize all the documents due to which the lawsuit is taking place as valid and will continue to defend his position in court.

On September 21, 2021, a cassation appeal was considered in this regard in the Moscow Arbitration Court, but it was not completed in favor of Pripachkin. According to him, the next step will be to appeal to the supervisory court.

The press service of "Lanita" did not provide comments by Philip Gens on this case in response to a request from TAdviser.

2022-2023: Lanita President Philip Gens demands 500 million rubles from Akado founder Yuri Pripachkin as part of bankruptcy case

In the framework of the bankruptcy case of Yuri Pripachkin^[5], in respect^[6] which the Moscow Arbitration Court in October 2022 introduced a procedure for the sale of property, the financial manager is actively taking measures to replenish the funds of the bankruptcy estate in order to repay debts to creditors. This follows from numerous judicial acts in the case published in the public domain in the Electronic Justice system.

New amount of claims - 504 million rubles

Recall that the bankruptcy case was previously initiated at the request of the head of Lanit Philip Gens. Initially, he demanded 367 million rubles from Yuri Pripachkin under loan agreements. TAdviser wrote about this in detail (see the block above). Later, the requirements were clarified, and now we are talking about about 504 million^[7].

The case in which the amount of claims was clarified was considered in one of the courts of general jurisdiction, and not in arbitration. In the judicial act about this, published on the portal of courts of general jurisdiction of Moscow, the amounts are not reflected. Therefore, it seems difficult to give the reasons for the increase in the amount of claims. Through the press service of "Lanita" clarifications on this topic from Philip Gens at the time of publication of the material could not be obtained.

As of January 2023, the financial manager to replenish the bankruptcy estate was able to achieve in court the invalidation of money transfers from Yuri Pripachkin to a number of firms. For example, the Moscow Arbitration Court determined to recover from the PR Telecom company to the bankruptcy estate about 50.24 million rubles, which Yuri Pripachkin had previously transferred to him. The financial manager in court indicated that this firm is associated with the debtor^[8]

Similarly, the Moscow Arbitration Court invalidated the previously completed transfer of about 106 million rubles by Yuri Pripachkin to Gigabit^[9], about 10.7 million rubles - to RC Praktik^[10], about 10.4 million rubles - "Investkoyn24^[11],^[12] 7.5 million rubles - "Totalvideo"^[13],^[14] about 17 million rubles - "Agrosvetas."

The court ordered the court to recover these funds from the companies to the total bankruptcy estate. The financial manager pointed out that these firms are also connected with the debtor in one way or another.

However, judging by the materials of the case, the above legal entities will challenge these decisions: appeals from them are registered in the Electronic Justice system.

In addition to payments, the financial manager also challenged in court a number of previously carried out transactions to alienate the ownership of Yuri Pripachkin on shares of related firms.

In addition, he prepares applications for challenging and invalidating payments made by Yuri Pripachkin to individuals to accounts in different banks. As indicated in the documents in the case, according to the statement on the debtor's account from Raiffeisen Bank, Yuri Pripachkin, "having signs of insolvency for 3 years before the adoption of the application for declaring the debtor bankrupt," made money transfers in favor of a number of persons. In all published documents there are about two dozen of them.

To prepare applications for challenging and invalidating these payments and to apply the consequences of the invalidity of transactions - i.e. recovery from persons of contested amounts, petitions were filed with the court to claim data on payments with Sberbank^[15]VTB^[16], Tinkoff Bank^[17]Bank "Development-Capital"^[18]ICD^[19] and a number of other banks. All these petitions were granted by the court in January 2023.

And in December 2022, the financial manager also appealed to the Moscow Arbitration Court with applications to invalidate the transaction for the purchase and sale of a real estate object^[20] and to alienate the 1949 Chrysler Town & Country Convertible car^[21].

As for the aforementioned retro car, in particular, in January 2023, the financial manager also filed an application with the court for interim measures - banning any registration actions in the traffic police of the Ministry of Internal Affairs of the Russian Federation in relation to this vehicle, in the interests of creditors Yuri Pripachkin. However, the Moscow Arbitration Court refused this^[22]. Even earlier, in 2022, he also asked to arrest other property of the debtor. However, even then the court refused to^[23]. The value of the property that appears in the case is not given in court acts.

Other lenders

According to the Electronic Justice system, in addition to Philip Gens, in the bankruptcy case, a number of other persons declared their claims as creditors: Bank Russian Standard, Alexey Strelchenko, Vyacheslav Kamnev, Inspectorate of the Ministry of the Russian Federation for Taxes and Fees No. 4 for the Central Administrative District of Moscow and Commercial Bank Sistema. The court agreed with the inclusion of not all requirements in the register. Thus, the Inspectorate of the Ministry of the Russian Federation for Taxes and Duties No. 4 was refused.

Alexey Strelchenko demanded 45 million rubles of the principal debt, interest for using the loan - about 10.9 million rubles, a penalty of about 5.5 million rubles. In September 2022, the court included these claims in the register^[24] The demand of Commercial Bank Sistema is about 185.7 million rubles^[25]Vyacheslav Kamnev in connection with the loan agreement - 62.5 million rubles^[26]The court included them in the third stage of the register of creditors' claims at the end of December 2022. The claims of Bank Russian Standard in the amount of 5.26 million rubles were also included^[27]

Yuri Pripachkin could not be reached for comments at the time of publication of the material. In 2022, he filed an appeal against the judicial act declaring him bankrupt at the request of Philip Gens, referring to "incomplete clarification of the circumstances relevant to the case, violation by the court of the norms of substantive and procedural law"^[28]However, the court dismissed this complaint.

A court hearing is scheduled for March 21, 2023 based on the results of the procedure for the sale of the debtor's property. TAdviser continues to monitor developments in the case.

Awards

Laureate of the Lenin Komsomol Prize in the field of science and technology (1989).

Academician of the International Academy of Informatization.

In 2003, Yuri Pripachkin became a laureate of the Russian Government Prize for the creation and introduction of a multifunctional territorial system of mass information services based on cable television networks.

On October 12, 2010, for his great personal contribution to the implementation of federal and regional programs for the development of communications and informatization and in connection with the anniversary, by order of Minister I.O. Shchegolev, Yuri Igorevich Pripachkin was awarded the honorary title - "Master of Communications."

The title "Master of Communications" is awarded to highly professional employees of the field of information technology and communications for successes in improving the country's information and communication complex, implementing federal and regional programs for the development of communications and informatization, working in this area for 15 or more years.

Family and hobbies

• USSR Master of Sports in rugby.
• Married. Three children.
• He was a member of the Moscow English Club

Notes