Position: Chairman of the Supervisory Committee of the group «Renova»
Born in 1957 in the town Drogobich of the Lviv region (Ukraine). In 1979 he graduated with honors from the Faculty of Automation and Computer Engineering at the Moscow Institute of Engineers of Railway Transport (MIIT). He got a job in a laboratory at the Special Design Bureau on rodless pumps (development design office BN "Konnas"). At the end of 1980 he completed his postgraduate studies at the Computing Center of USSR Academy of Sciences, and headed the laboratory of DDO.
In 1990 he became the founder and director of several commercial structures: NPO KomBek (research activities), LLP "Olympus" (public education), the company "KAM" (research activities). In 1991 he co-founded the company Renova (its two thirds of the shares belonged to the NPO KomVek ").
In 1991 he became first deputy general director of ZAO «Renova». He held this post until 1996. In 1996 he took part in the establishment of JSC "Siberian-Urals Aluminum Company» (SUAL). He was elected general director of OAO «SUAL».
In 1998 he was elected deputy chairman and first vice-president of Tyumen Oil Company (TNK, subsequently became TNK-British Petroleum). On 12 July 1999 he was elected to the Board of Directors of OAO «Nizhnevartovsk Oil and Gas Enterprise». On the same day he was elected to the Board of Directors of OAO "Samotlorneftegaz."
On November 10, 2000 he was elected to the Board of the Russian Union of Industrialists and Entrepreneurs (RUIE). In November 2003, he entered the administrative office of the Russian Union of Industrialists and Entrepreneurs.
In the same year Vekselberg headed the Management Company "SUAL-Holding" (the company merged enterprises ZAO «Trastkonsalt» and «SUAL»), and entered the Board of Directors of OAO «ONAKO». In 2001 he became Director of Strategic Planning and Corporate Development of TNK and entered the Board of Directors of OAO “Sidanko».
In 2002 he was elected chairman of the TNK. In the same year he joined the board of directors of OAO «RUSIA Petroleum».
In January 2003,he led the Board of Directors in «SUAL». The group at that time consisted of 21 enterprises in 11 regions of Russia. In May 2003, he was included in the Business Council under the Government of Russia.
On February 21, 2005 left the board of OAO «SUAL».
On March 27, 2007 Rusal (Oleg Deripaska), SUAL and Glencore (Ivan Glasenberg) reported completion of their assets pooling. The United Company «Russian Aluminum”(United Company RUSAL) involved four bauxite mines, 10 alumina refineries, 14 aluminum smelters and 3 foil mills. Vekselberg became the Chairman of the Board of Directors of the company.
In early 2008, "Renova Capital" by Vekselberg and Mamut withdrew from the co-owners of Golden Telecom, they sold eight percent of their shares to OAO «VimpelCom» («Beeline» trade mark) for 334.9 million dollars.
In April 2008, "Vedomosti" reported that "Renova Capital" sold 28.9 percent stake in Inure Enterprises to Mamut; it owned 49 percent stake in «Korbiny».
In March 2008, Forbes once again included Vekselberg in the list of the richest people in the world - this time under the number 67. His fortune was estimated at 11.2 billion U.S. dollars. In the same year Russian Forbes put Vekselberg to 16the place in the list of richest Russians, estimating his fortune at 11.4 billion dollars.
According to the data by August 2009, Vekselberg was Chairman of the Board of Directors of the United Company «RUSAL»; Chairman of the Board of Directors of Russian-American joint venture «Renova»; the former chairman of he Board of Directors in «SUAL»; the former chairman of the board of OAO «Tyumen Oil Company»; the former CEO of OAO “SUAL-Holding», the former CEO of JSC "Siberian-Urals Aluminum Company»; and also - Board Member the Russian Union of Industrialists and Entrepreneurs, the real member of International Academy of Ecology and Life Safety, commissioner of the federal, interregional and regional socio-economic policy under the chairmanship of the Federation Council of RF, member of the Coordinating Council of the metallurgical complex by the Ministry of Economy in Russia.
Vekselberg is married; has a son and a daughter.
Source: lenta.ru on 27/08/2009
The early career of Vekselberg is attributed to the time when he was still the head of the Laboratory at the Special Design Bureau. One of his former subordinates shared his memories with the press: there was a firm «KomVek» (the "Company of Vekselberg"), "Olympus", and other co-operatives organized. Business of Vekselberg was associated with copper from the cables buying at the price of one hundred dollars per ton. Then copper was sold to Germany for $ 3000 per ton. Then for the "copper" money Vekselberg bought through the company «Renova» computers in the West , and reportedly changed them for vouchers.
Source: "Interlocutor" on 07/12/2006
Viktor Vekselberg appears in the press in connection with an odd story about ownship changes in the Severouralsk Bauxite Mine (SUBR) in 1999. They wrote in the media a mass buying up of shares from the mine workers happened at that time. As a result, SUBR had got a new owner - the Siberian-Urals Aluminum Company (SUAL). According to press reports, the owners became on a par Viktor Vekselberg and Ural businessman Vasiliy Anisimov (Group “Transkonsalt"). But the co-management did not last long. On April 12, 2000 the daughter of Vasily Anisimov was found dead in her apartment. Galina was a well-known DJ of the Radio station "Pilot" in Yekaterinburg. It turned out that two drug addicts had committed the crime. After that story Anisimov sold his stake to Viktor Vekselberg.
Source: "Russia's Vesti from 02.11.2005," Power »? 40 (442) on 09.10.2001
Press mentioned Viktor Vekselberg in connection with the scandal surrounding the bankruptcy of the “First City Bank” (FCB). It was reported that FCB started experiencing problems with the customers in the summer of 2002, when the bank suddenly ceased making any payments. In 2003, after customers of FCB realized that they could not get back the frozen $ 40 million they prosecuted the bank for thefts of client funds under Art. 196 of the Criminal Code (deliberate bankruptcy). Press transferred the opinion expressed by the member of Committee of creditors and depositors of the bank Armen Rshtuni (former vice president of petrochemical holding company Sibur and former adviser to chairman of the board of directors of Yukos, Semyon Kukes). He argued that during the investigation it became clear that some funds from the FCB had settled on the accounts of the company SL Capital Services, a wholly owned subsidiary structure of the bank "Alba-alliance". And one of the bank's shareholders was Viktor Vekselberg. Investors accused Vekselberg of acquiring a collection of Faberge eggs on the money disappeared from the FCB. In this regard, they even filed a lawsuit in the Zamoskvoretsky court of Moscow demanding to seize a collection of jewelry as an interim measure. But the claim reportedly was dismissed.
According to press reports, investors sent a letter to the Swiss federal prosecutor. According to their information, the purchase of Faberge collection was paid by the Swiss accounts controlled by Vekselberg companies. Assets of FCB were deduced to Switzerland also. Referring to the investigation results by law enforcement agencies, creditors claimed to the prosecutor that during the period of July-September 2002 considerable assets of OAO KB 'First City Bank' had been transferred to KB “Alba Alliance”; afterwards KB “Alba Alliance” made the dubious transfers with elements of the legalization of more than $ 70 million through the offshore banks White Knight Merchant Bank (Nauru) and Forex Capital Bank (Montenegro), as well as non-resident companies “Jeffrey Investments Limited', Ballard Industries Ltd, “Subihon Enterprises Limited', SL Capital Services Ltd. Investors contended with reference to the investigation that part of those funds had been transferred to the accounts of several companies in the Swiss banks Credit Suisse and UBS, as well as in the Swiss offices of French bank Credit Lyonnais and Credit Agricole Indosuez. The letter-writers pointed out that companies controlled by Viktor Vekselberg - Peregrin Ltd, Sabislend Ltd, Market Financial Corporation Securities, Pikeston Investments Ltd and Sibux Finance SA - had accounts in the same banks. Thus the FCB creditors concluded that Vekselberg managed the legalization of illegal funds.
There is no information in the media whether the Swiss prosecutor had responded to the letter, as well as no reports on the investigation results of the cases filed in Russia. However, Armen Rshtuni reportedly was a defendant in the criminal case. He was suspected of frauds with bills of FCB.
Source: www.newsru.com of 26 May 2004, "Kommersant" # 66 (3397) on 14/04/2006
Media wrote about Viktor Vekselberg in connection with the conflict between the Cyprus offshore Norex Petroleum and Tyumen Oil Company (TNK) because of the "Yugraneft”. According to media reports, Norex Petroleum accused TNK of illegal alienation of controlling stake of JSC "Corporation 'Yugraneft' which belonged to a Canadian company and which was founded in 1991 to develop Malochernogorskoe field in Western Siberia. As reported, in 2002 TNC won arbitration court in the Khanty-Mansi Autonomous District, thus the capital contribution by Norex to "Yugraneft” was recognized to be illegal. As a result, the share of Norex in the company fell to 20%. In response, the Canadian company turned to the Federal Court for the Southern District of New York with a claim for damages. According to the press, the defendants appeared to be TNK, its shareholders Access / Renova and Alfa Group, the offshores affiliated with them, as well as current and resigned co-owners and managers of those companies - Viktor Vekselberg, Leonard Blavatnik, Simon Kukes, Joseph Bakaleinik and Elliot Spitz. As the press wrotу then, Norex accused the defendants of the world scale conspiracy which had been controlled from New York aimed at seizing control over the Russian oil industry. Norex called alienation of “Yugraneft” shares as "only a special case of the conspiracy”. “Norex” required to compensate its loss of $ 500 million, and to recover $ 1.5 billion from the defendants under the law against organizations which were under the influence of extortionists, or affected by corruption (RICO).
According to press reports, in February 2004 the court dismissed the suit of "Norex" as it considered the case beyond its jurisdiction. Plaintiffs asked to move the proceedings to Russia. But Norex filed a motion in the Federal Court of Appeals in USA to overturn the decision. The latter considered Russia an inappropriate place for the claim investigation of Norex; it approved the request of the Canadian company and sent the case back for retrial. In a supplemental complaint Norex Petroleum expanded the list of defendants by including the company BP (by the time it bought 50% of TNK), "TNK-BP, the chairman of its board of directors Lord John Browne, the then President of TNK-BP Robert Dudley, and the board member of TNK - BP Robert Sheppard.
No information on the completion of the judicial saga is available in open sources.
Source: "Kommersant" # 242 (3326) on 23/12/2005
Vekselberg was mentioned in the press regarding the conflict between TNK-BP and “Gazprom” because of the Kovykta gas condensate field in the Irkutsk region. According to press reports, Kovykta was one of the biggest assets of TNK-BP in Russia. TNK had kept it in reserve for many years without elaborating. But in 2003, "Gazprom" that used every opportunity to expand the resource base – became interested in Kovykta. It was reported on a conflict of interests between “Gazprom” and Rusia Petroleum, a subsidiary of TNK-BP and the licensee for the deposit. They wrote that all talks about the compromises had obviously failed.
As reported, the president of TNK-BP Robert Dudley was summoned by the chairman of the Audit Chamber, Sergei Stepashin. The press did not tell what the topic of the conversation was. But in the official press release the Chamber stated that its head explained to the entrepreneur the essence of the government policies.
The last day of 2003 the “Gazprom” head Alexei Miller made the last proposal to the executive director and co-owner of TNK-BP Viktor Vekselberg. As reported, “Gazprom” criticized the idea of exporting gas from the Irkutsk region to China, and offered to send raw materials to Europe.
Press wrote that the following actions of the owners of TNK-BP demonstrated that they took into account the experience of colleagues in the oil business and not only agreed to share, but personally demonstrated their love of the homeland.
For example, after meeting with Alexei Miller Viktor Vekselberg had been stating to reporters that he was ready to cooperate with Gazprom, while TNK-BP was ready to share Kovykta field with it.
Source: "Money» # 5 (460) from 09.02.2004
In February 2004 the press reported that Vekselberg bought a collection of Faberge Easter eggs from the family of Forbes publishers. Moreover, as reported, he did it several months prior to the auction of Sotheby.
Source: lenta.ru on 27/08/2009
The amount of the deal was not disclosed. But, as written in the press, Sotheby's had intended to bail out of a collection not less than 90 million dollars. They concluded that the purchase price could reach 100 or even 150 million given the short time of its commission. The newspapers reported that in addition to the Easter eggs Vekselberg had bought about 190 items - brooches, snuff and inkstand by Faberge. And he declared that he bought the eggs not for himlelf, and not even for the collection of his company “Renova”, but for "the people"; he was going to put them either in the Kremlin, or in the Cathedral of Christ the Savior. The media associated the expensive purchase with the desire of Vekselberg to show that he was not like any Abramovich or Khodorkovsky, but a genuine Russian merchant, taking a good care of the motherland. And thus to solve his business problems. According to press reports, at that time TNK was suffering troubles with Gazprom because of the Kovykta gas field. Buying eggs could influence the decision of officials in a dispute with Kovykta in favor of TNK.
Source: "Globalrus.ru" on 05/02/2004
In the media Viktor Vekselberg is mentioned in connection with a strange story that preceded the decision on privatization of OAO "Slates Plant" (it was engaged in calcining coke for aluminum plants). In April 2004 the media reported that a corporate conflict took place in the company. A group of individuals, referring to the decision of the Board of Directors and its main shareholder - the Federal Property Management Agency (at that time 55% of company shares were owned by Rosimushchestvo, 33% were managed by a nominee - Bank Eurasia, and the rest were scattered among individuals) and tried to change the general director of the plant. As the then Acting Director General of “Slates” Dmitry Goryachkin was telling the press, at night of March, 29 five cars drove to the building of the plant, several men came out accompanied by a cameraman. Three of them staged a fight, apparently working on a camera. According to Goryachkin, visitors presented him the protocol of the Board of Directors of “Slates” of March, 24 . According to the document, the company had a new CEO. But the protocol itself was allegedly signed by the Chairman of the Board of Directors of "Slates" Svetlana Stefanenko who was also an adviser to the Federal Property Management Agency, according to that time data.
The new Director was not let in the plant . Instead of him the representatives of the local police, prosecutors office and even the FSB came for a check. Goryachkin told reporters that in his opinion the company had underwent a capture raid. He said that recently the information had appeared that a well-known businessman Viktor Vekselberg had been interested in the plant. Goryachkin suggested that the invaders decided to take control of the enterprise in order to resell it with profit. According to the press, the company “Renova” denied they had any designs on the "Slates Plant".
Source: "Kommersant-SPb" # 61 (3392) on 07/04/2006
Citing the Leningrad region government,three months later the structures of Viktor Vekselberg had been negotiating to buy 40% stake of JSC "Leningradslanets which was adjacent to the "Slates" and had formed with it a chain of production. In this regard, as the press was writing, the government of the Leningrad region explained to reporters that the company "Energoprom” (controlled by Viktor Vekselberg, as well as “Renova”) owned 37% shares of the plant "Slates”. According to the press, although “Energoprom” officially denied its involvement in the “Slates”, a source close to “Renova Group” confirmed it.
Source: "Kommersant" # 128 (3459) on 15/07/2006
Four months later it was reported that the plant "Slates" had been deleted from the list of strategically important enterprises; that news paved the way for its privatization. As written in the press, experts supposed that "Renova" was the most likely contender for the purchase of state shares of the plant. As reported, “Renova” owned 33% shares of “Slates” - at that time there was no reference to confidential sources. The company was called a principal owner of the plant along with Rosimushchestvo (56%). At the same time, it was reported that the group "Renova" controlled 82% of shares "Leningradslanets". The company refused to comment on their plans for the Leningrad enterprises at that time.
Source: www.rbcdaily.ru on 26/11/2007
In early 2009, information appeared in the press that the state held 41.75% stake of “Slates”, more than 30% of shares were in the group «Renova» by Victor Vekselberg, about 20% were owned by a number of minority shareholders-individuals. And besides, as reported, "Slates" was listed in Rosimushchestvo privatization plan for 2009-2010.
Source: "Kommersant" № 6 (4061) on 16/01/2009
In autumn 2009 the press wrote that the Russian President's plenipotentiary representative of NWFD Ilya Klebanov proposed the Deputy Prime Minister Sechin to transfer the state-owned shares of OAO "Slates Plant" to the company "Energoprom" of the group "Renova", a minority shareholder of the plant. General Director of "Slates" Samuel Gandelman said then that he doubted the possibility of the plants' state shares transfer to «Energoprom», as the company was not a shareholder of the plant. «Renova» group refused from commenting again.
Source: www.regnum.ru 15.09.2009
In February 2010 the news appeared in the media that the Government of Russia decided to include the 41.75% shares of OAO "Slates" in the list of enterprises under federal ownership; its shares were scheduled for privatization in 2010.
Source: www.maonline.ru from 10.02. 2010
In 2004, the press discussed the scandal with SUAL which applied business schemes known as internal tolling. Tolling — a customs regime under which the export of products manufactured from raw materials imported to the country for processing - are exempt from VAT. Working under this scheme, Russian refineries provided services of raw materials processing only. The owner of the raw material (alumina) and finished products (aluminum) was a foreign company. Tolling was legal in the Tax Code of RF. It was reported that by 2004 more than 90% of Russian aluminum exports had been proceeded under such a scheme. But the companies frequently engaged in the processing of foreign goods made on commission together with Russian raw materials (the so-called scheme of batching).The Federal Tax Service (FNS) has the right to bring claims to companies in case of batching .
According to the press, tolling operations of SUAL in 2002-2003 attracted attention of the Accounting Chamber. It estimated the losses of the federal budget at 420 million rubles. In the same year representatives of SUAL announced that they had completely abandoned the tolling scheme. In the press there was no data on whether the Chamber claims had grown into something bigger. However, in 2006 they talked about the SUAL merging with Rusal (Oleg Deripaska). then an opinion was expressed in the media that the transaction would help Vekselberg avoid problems with the Chamber. They hinted at the legendary administrative resource of the "Rusal" owner.
Source: "Kommersant" № 176 (3015) from 22.09.2004, "The Secret Companies» № 31 (166) from 28.08.2006
Vekselberg appeared in media reports related to the scandal with “Togliattiazot» - one of the largest chemical plants in Russia. It was reported that according to the tax officials, in 2004 the company underpaid taxes on profits, as well as VAT to the all- level budgets of at amount of 2.582 billion rubles. According to press reports, within 6 months the tax authorities conducted more than 120 inspections at the factory, and claimed for $ 100 million. The searches also became regular. They wrote that on August 29, 2005 MIA and OMON riot police conducted seizure of documents in the building «Togliattiazot”.
The media reflected the opinions of experts who considered the tax specialists requirements to be the next stage in the long struggle for the enterprise. It was reported that along with tax evasion, they started testing the legality of the enterprise privatization. President of ToAZ Vladimir Mahli controlled the 75 percent stake, and he was put on the wanted list.
They called the situation an attempt of capture raid at the plant; as written in the press, they took the view that it was initiated by “Renova Orgsintez» - a structure controlling the chemical assets by Viktor Vekselberg (in 2007 he owned 9,14% shares of “Togliattiazot”). They explained in «Togliattiazot»: "Renova" had been accumulateing large blocks of shares in other companies of the industry - 34% in Volgograd "Chimprom», about 70% in Samara "Promsintez», and 100% in Irkutsk «Sayanskkhimplast». It was suggested that TOAZ overset the plans of Vekselberg — which consisted in pooling the assets of «Togliattiazot” with Renova; that would strengthen the position of the latter at the methanol market.
As they believed, "Renova" carried out penetration to the plant through the minority shareholder of “Togliattiazot” - an offshore company «Tringal Equities Inc» (2% of ToAZ). TEI accused TOAZ of inflicting significant losses to its shareholders, and in particular it reproached the enterprise managers for the agreement concluded with the Swiss petrochemical trader "Nitrohem». TEI stated that the plant sold ammonia "at artificially low prices compared to the world ones". In the court the minority shareholder assessed the compensation at $ 42 million to $ 73 million.
It was reported, the tax claims were associated with TEI also, since verifications became more frequent after the company had become a minority shareholder. "Renova" denied any relations with offshore companies. As journalists noticed, the head of TEI Alexei Kozlov previously served as general manager of «Renova Orgsintez". And the representatives of TEI brought documents with logo of "Renova" in the court..
Source: "The Company" from 19.08.2007, www.wek.ru of 09.08.2007
In November 2006 the press reported that the Ninth Arbitration Court of Appeal upheld the validity of tax claims of the state to the company "TNK-BP Holding" for an amount of 3,9 billion rubles for 2001. It was also mentioned that TNK-BP had already paid the Federal Tax Service additionally accrued taxes for 2002-2003 at the amount of 39 billion rubles - nearly a half billion dollars. More tax has been demanded from Yukos only.
Source: www.newsru.com on 13/11/2006
In 2005, Viktor Vekselberg filed in the Nagatinsky District Court in Moscow a claim on protection of honor, dignity and business reputation. The respondent was a correspondent of the Investigations Division of the newspaper "Moskovsky Komsomolets" Nadezhda Popova and magazine "Compromising". The reason for the trials was the article "9 eggs of Vekselberg" published in the 27-th issue of the magazine in January 2005. The material contained negative feedback on Vekselberg and his business in Karelia.
In particular, the journalist told about the 18-year old Dima Kuzin in the Karelian village Nadvoicy, where the aluminum plant was. According to the information at the time, it was owned by SUAL. The young man was sick with fluorosis like many other inhabitants of that countryside, and because of the disease his teeth was severely destroyed. As reported in the article, the boy sued, won and was supposed to get 50 thousand rubles from Vekselberg. As soon as he had not received anything then, he turned to the European Court of Human Rights.
As Popova wrote, other villagers of Nadvoicy followed Dima Kuzin in the court (they were about 15 thousand). In such a situation, she reasoned, the plant could simply go under.
But Vekselberg was not angered by a tragic story of Kusin, or by a widespread information that the aluminum smelter had contaminated the surrounding area with fluorine, benzapyrene and heavy metals. As Popova told to the press, on the basis of a lawsuit one could conclude that Vekselberg was offended by the words "landlord" and "bill of exchange" used in the article. In addition, Vekselberg denied his involvement in the vectors of the disease fluorosis in the village Nadvoicy. He also did not like the phrase that he, as the journalist expressed in the article, had given the sack to investors of the "First City Bank» buying Faberge eggs for 140 million dollars.
Source: "Компромат.Ru", 27.01.2005, www.mediaatlas.ru from 29.08.2005
Vekselberg demanded of Nadezhda Popova and three founders of the magazine "Compromising" to pay him 100 thousand rubles each. But, according to the media, the founders of the journal Sergei Sokolov, Vadim White, and Alexei Chelnokov no longer came to the court, so the journalist was left one by one with the plaintiff. The court sided the businessman.
Source: www.stringer.ru from 20.01. 2006
Viktor Vekselberg was mentioned in the press as one of the principal actors in a scandalous story of the attempted privatization of the plant "Himpom" in Volgograd. According to the data by 2007, 51% of the plant were owned by the Ministry of the Government Property, 35% - were controlled by “Renova-Orgsintez» company of Viktor Vekselberg. Party of Vekselberg intended to privatize the plant. But the problem was that JSC «Khimprom» was in the list of enterprises of strategic importance and was not a subject to privatization (until 1987 Volgograd «Khimprom» was one of the key enterprises in the Soviet chemical weapons industry).
There was a scandal around "Khimprom" and "Renova". It was reported that in September 2006 some environmental organization from Nizhny Novgorod sent a letter to the President of Russia Vladimir Putin, describing the catastrophic situation that was around “Khimprom". It contained information about a possible environmental disaster and the death of thousands of Volgograd citizens. the State Duma Deputy Viktor Ilyukhin sent a request to the General Prosecutor's Office; it contained a suspicion that the CEO of "Khimprom» Stanislav Losev had been bringing the plant to bankruptcy, so that the group "Renova" could have got on the cheap . Governor of the Volgograd region Nikolai Maksyuta turned with the similar request to the Volgograd General Prosecutor .
It was reported that on behalf of the Prosecutor General's Office, the plant was tested by the Volgograd prosecutors. Management of the «Khimprom " came under the threat of criminal prosecution under articles 196 and 201 of the Criminal Code (" deliberate bankruptcy "and" abuse of authority " respectively). The federal and local media had brought a plenty of materials against Vekselberg. At the factory, according to press reports, some of the materials were considered biased, as well as verifications by law enforcement agencies.
"Renova" was considered to be a possible customer of media attacks on the enterprise. According to press reports, General Director of "Renova-orgsintez» Alexei Kozlov acknowledged his company's interest to the chemical assets of the plant. But he regularly denied charges of raids. As for Governor of the Volgograd region Nikolai Maksyuta who had been angry over the possible bankruptcy of "Chimprom", at a meeting with Vladimir Putin he reportedly asked to convey the company into a concession group of Vekselberg.
Source: og.ru from 10.11.2006, www.expert.ru on 9.03.2007
Then the press reported that Vekselberg faced with opposition of the military in the process of "Khimprom" privatization. A conflict over control of the business burst between him and Defense Minister Anatoly Serdyukov. On February 9, 2007 Serdyukov was elected member of the Board of Directors of AO «Khimprom» (then he was head of the Federal Tax Service). Having occupied the post of Minister of Defense Serdyukov became chairman of the board of directors in "Khimprom». It was reported that the management conflict had put the plant on the brink of financial and environmental crisis. Rostekhnadzor even threatened to suspend the operation of the enterprise.
Source: www.newsru.com of 7.05. 2007
According to press reports, by the end of 2007 it had become clear that "Khimprom" privatization was not going to happen, and the controlling stake was going to be handed over to "Rostekhnology”.
Source: www.forbesrussia.ru from 14.12. 2009
In 2009, Vekselberg was mentioned in the media in connection with the scandal of buying shares in a major engineering company Sulzer. The deals were signed in 2006-2007. As reported, in April 2009 the Penal Service of the Ministry of Finance of Switzerland began an administrative investigation against Vekselberg and his partners. They were suspected of violating disclosure rules when buying the above-mentioned stocks. According to investigators, businessmen illegally owned 31.9 percent of shares. Vekselberg was accused of avoiding the Swiss law on which one should publicly announce about purchasing more than 5 percent of the shares of a company. Based on the results of audit conducted by the Swiss service oversighting financial markets, all the claims against Vekselberg had been removed. But, as the press stated, the head of Zurcher Kantonalbank (the biggest Cantonal Bank in Zurich) Hans Veghel had left his post . He acknowledged that when dealing with securities of the Swiss company Sulzer, internal rules of the bank had been violated, so he asked to dismiss him from his post. However, head of bank operations in the stock market Markus Hoffmann resigned his job along with Veghel.
In the media in connection with the story of Sulzer shares buying wrote that the criminal proceedings in 2 years after the event strangely coincided with negotiations between Switzerland and the United States on lifting the bank secrecy from the accounts of businessmen suspected of tax evasion in the United States. Furthermore, reporters wondered for what Vekselberg took control over the Sulzer, which made pumps for oil and gas, never produced in Russia. And they explain it: they were used in the economic and political project of the Government of Russia - building a pipeline that would bring Siberian oil to the Pacific coast.
Source: lenta.ru of 27.08.2009, "Gazeta", 10.05.2007