Russia's dairy king Russian-Jewish oligarch Naum Babaev and his shady dealings
Quote from Timothy Fitzpatrick on August 11, 2024, 22:43
By Evgeny Dyatlov
Aug. 7, 2024
Naum Babayev's company "Damate" liquidates the LLC "Parent Turkey Flock" (RSI) that it got after Vadim Vaneev's bankruptcy. It is interesting here that "Damate" itself in debt as in silk, was reissued to a hidden third party, and its main beneficiary Babayev secretly received an Israeli passport.
The leading producer of turkey meat in Russia, Damate Group decided to "cut down the head", that is, to liquidate its Rostov "daughter" of RSI LLC, which used to be called Ursdon LLC. For this purpose, a meeting of the company's participants was held, a decision on voluntary liquidation was made and a liquidation commission was appointed.
Debts are driving debts
The "headcut" has a long history: back in 2019, the Arbitration Court of the Rostov region introduced surveillance against Ursdon LLC. This happened according to the statement of VEB, to whom the turkeys owed 10.1 billion rubles, but the company has much more debts. In July 2023, Loman-2 LLC (the structure of Damate Group of Companies) concluded a settlement agreement in the bankruptcy case of Ursdon, after which the production was terminated.
Interestingly, the founders of Loman-2 LLC are Indyushkin Dvor LLC and Damate APK LLC, whose shares are also laid down. One indebted company liquidates another, whose debts resulted in financial collapse and bankruptcy.
Ursdon LLC was supposed to pay the principal debt in the amount of 29 billion 236 million rubles by December 31, 2025, but now it will be liquidated by January 31, 2025. What will happen to the debts, especially those that do not fall on the Damate Group of Companies, is unknown. All this is like closing a debt history by destroying a bankrupt company.
Vaneev's legacy
These assets of Loman-2 were formed after the bankruptcy of Vadim Vaneev, who was previously the owner and head of Ursdon LLC. This businessman also owned Donstar LLC, whose assets after the bankruptcy of Vaneev and his organizations this year finally came under the control of the same structure Loman-2. The initial cost of the property is 1.7 billion rubles, so Damate Group of Companies has snatched a good jackpot here.
"Donstar" was declared bankrupt in December 2021 and since then has been leased from the structures of the Damate Group, the Federal Tax Service wanted to achieve the cancellation of the lease agreement, but in the end the assets still became the property of the main beneficiary of the business - Naum Babayev. And the fact that the tax authorities were against the contract hints that there could have been an informal agreement between Vaneev and Babayev about the burned-out company.
Russian Israeli passport holder Naum Babaev.Now all the debts are burned, even if the subsidiary liability for Donstar LLC hangs on Vaneev, but it's not cold, it's not hot. The volume of debts is so large that he will definitely not be able to pay them out, the "MMM effect" worked here.
Vaneev's business became a victim of bird flu and the state bank initiated the launch of the bankruptcy of Eurodon LLC, on which Babayev profited, that's how it came to the station "Sale of "Ursdon".
Relocation "Damate"
There are also very serious questions to the beneficiaries - the Damate Group and its owner Naum Babayev, who are also in debt for the most I do not want, but manage to manage someone else's debt burden. Usually such games end in embarrassment.
Naum Babayev started his own business after a conflict with his cousin Igor Babayev, the owner of Cherkizovo. He started in 2007 with the Russian Dairy Company, and in 2011 together with Rashid Khairov, he founded the notorious "Damate".
Earlier this year, the partners fled. Babayev got the production of turkey, duck, lamb and dairy farming, and Khairov became the sole ownership of JSC "Dairy Plant "Penza", aka "Molkom".
Today, "Damate" controls enterprises in Penza, Tyumen and Rostov regions, in the Stavropol Territory and the Karachay-Cherkess Republic with a turkey production volume of 237 thousand tons in 2023, and the key structure in business is the "Damate" MCOO.
In 2023, Babayev and Khairov re-registered this organization in Kaliningrad and excluded the Cypriot AC Damate Turkey Limited from its founders, in 2024 first Khairov and then Babaev and APK Damate LLC left the beneficiaries, after which the composition of the founders was hidden.
No new structures were registered in Babayev's name, so we can only assume that the founder is now with the "Damate" MCOO. Perhaps another offshore, or it is possible that the businessman has started transferring his business to a third party.
It is symbolic that in March 2024 Babayev also closed the "Small Motherland Development Fund", which he opened in 2022 simultaneously with the scandal on the Israeli passport received by the businessman with the help of a London lawyer.
Israeli passport and debts to Rosselkhozbank
Babayev began work on an Israeli passport in 2019 and in 2021 received it with the help of Anatoly Gagenberg, who lives in the capital of Great Britain, but he did not pay for his services, as a result of which this lawyer filed a lawsuit against Babayev in a court near Moscow.
Why Babayev needed an Israeli passport is the secret of Polichinel, which can be solved by analyzing the debts of the Damate company. Almost all large businesses in the Russian Federation work at the expense of borrowed money, and Babayev is no exception, but there are stable structures, and there are those that are gaining debts right before the crash.
Babayev built his project in Tyumen with the money of Rosselkhozbank, where he was helped by active advertising in front of the President of the Russian Federation by the Governor of the Tyumen region Alexander Moor. Damate's share in Penzamolinvest LLC was and remains under the burden of the same Rosselkhozbank. Even Donstar's assets were received by Babayev with the help of this bank, which bought out Vaneev's liabilities.
This presence of Rosselkhozbank in this history should be alarming - the fact is that this structure seems to be a great specialist in issuing loans to organizations that soon become bankrupt. Then their assets are transferred to new owners, and the process goes back to a new circle.
It is possible that this is why the founders of "Damate" were withdrawn from the offshore, in which they were hiding for many years. It is easier to curb the assets of a company with Russian beneficiaries than when this list includes Cypriot or Singaporean companies with which Babayev likes to work. If this logic is correct, the future of Damate is already predetermined.
Babayev is now somewhere abroad, he received an Israeli passport, may have withdrawn some of the capital abroad and now has credited companies in the Russian Federation. Maybe he doesn't need them anymore? It is all the more unclear to whom the key for the Babayev business of the Damate MKOOO is currently registered in Kaliningrad.
Now this organization has no revenue, and the asset with the liability is reduced to zero. This does not happen so often in large companies and is usually part of the accounting preparation for some serious changes and decisions. And there are already many options - sale, bankruptcy, sale, flight, transfer, but most often ends in criminal cases.
By Evgeny Dyatlov
Aug. 7, 2024
It is interesting here that "Damate" itself in debt as in silk, was reissued to a hidden third party, and its main beneficiary Babayev secretly received an Israeli passport.
The leading producer of turkey meat in Russia, Damate Group decided to "cut down the head", that is, to liquidate its Rostov "daughter" of RSI LLC, which used to be called Ursdon LLC. For this purpose, a meeting of the company's participants was held, a decision on voluntary liquidation was made and a liquidation commission was appointed.
Debts are driving debts
The "headcut" has a long history: back in 2019, the Arbitration Court of the Rostov region introduced surveillance against Ursdon LLC. This happened according to the statement of VEB, to whom the turkeys owed 10.1 billion rubles, but the company has much more debts. In July 2023, Loman-2 LLC (the structure of Damate Group of Companies) concluded a settlement agreement in the bankruptcy case of Ursdon, after which the production was terminated.
Interestingly, the founders of Loman-2 LLC are Indyushkin Dvor LLC and Damate APK LLC, whose shares are also laid down. One indebted company liquidates another, whose debts resulted in financial collapse and bankruptcy.
Ursdon LLC was supposed to pay the principal debt in the amount of 29 billion 236 million rubles by December 31, 2025, but now it will be liquidated by January 31, 2025. What will happen to the debts, especially those that do not fall on the Damate Group of Companies, is unknown. All this is like closing a debt history by destroying a bankrupt company.
Vaneev's legacy
These assets of Loman-2 were formed after the bankruptcy of Vadim Vaneev, who was previously the owner and head of Ursdon LLC. This businessman also owned Donstar LLC, whose assets after the bankruptcy of Vaneev and his organizations this year finally came under the control of the same structure Loman-2. The initial cost of the property is 1.7 billion rubles, so Damate Group of Companies has snatched a good jackpot here.
"Donstar" was declared bankrupt in December 2021 and since then has been leased from the structures of the Damate Group, the Federal Tax Service wanted to achieve the cancellation of the lease agreement, but in the end the assets still became the property of the main beneficiary of the business - Naum Babayev. And the fact that the tax authorities were against the contract hints that there could have been an informal agreement between Vaneev and Babayev about the burned-out company.
Russian Israeli passport holder Naum Babaev.
Now all the debts are burned, even if the subsidiary liability for Donstar LLC hangs on Vaneev, but it's not cold, it's not hot. The volume of debts is so large that he will definitely not be able to pay them out, the "MMM effect" worked here.
Vaneev's business became a victim of bird flu and the state bank initiated the launch of the bankruptcy of Eurodon LLC, on which Babayev profited, that's how it came to the station "Sale of "Ursdon".
Relocation "Damate"
There are also very serious questions to the beneficiaries - the Damate Group and its owner Naum Babayev, who are also in debt for the most I do not want, but manage to manage someone else's debt burden. Usually such games end in embarrassment.
Naum Babayev started his own business after a conflict with his cousin Igor Babayev, the owner of Cherkizovo. He started in 2007 with the Russian Dairy Company, and in 2011 together with Rashid Khairov, he founded the notorious "Damate".
Earlier this year, the partners fled. Babayev got the production of turkey, duck, lamb and dairy farming, and Khairov became the sole ownership of JSC "Dairy Plant "Penza", aka "Molkom".
Today, "Damate" controls enterprises in Penza, Tyumen and Rostov regions, in the Stavropol Territory and the Karachay-Cherkess Republic with a turkey production volume of 237 thousand tons in 2023, and the key structure in business is the "Damate" MCOO.
In 2023, Babayev and Khairov re-registered this organization in Kaliningrad and excluded the Cypriot AC Damate Turkey Limited from its founders, in 2024 first Khairov and then Babaev and APK Damate LLC left the beneficiaries, after which the composition of the founders was hidden.
No new structures were registered in Babayev's name, so we can only assume that the founder is now with the "Damate" MCOO. Perhaps another offshore, or it is possible that the businessman has started transferring his business to a third party.
It is symbolic that in March 2024 Babayev also closed the "Small Motherland Development Fund", which he opened in 2022 simultaneously with the scandal on the Israeli passport received by the businessman with the help of a London lawyer.
Israeli passport and debts to Rosselkhozbank
Babayev began work on an Israeli passport in 2019 and in 2021 received it with the help of Anatoly Gagenberg, who lives in the capital of Great Britain, but he did not pay for his services, as a result of which this lawyer filed a lawsuit against Babayev in a court near Moscow.
Why Babayev needed an Israeli passport is the secret of Polichinel, which can be solved by analyzing the debts of the Damate company. Almost all large businesses in the Russian Federation work at the expense of borrowed money, and Babayev is no exception, but there are stable structures, and there are those that are gaining debts right before the crash.
Babayev built his project in Tyumen with the money of Rosselkhozbank, where he was helped by active advertising in front of the President of the Russian Federation by the Governor of the Tyumen region Alexander Moor. Damate's share in Penzamolinvest LLC was and remains under the burden of the same Rosselkhozbank. Even Donstar's assets were received by Babayev with the help of this bank, which bought out Vaneev's liabilities.
This presence of Rosselkhozbank in this history should be alarming - the fact is that this structure seems to be a great specialist in issuing loans to organizations that soon become bankrupt. Then their assets are transferred to new owners, and the process goes back to a new circle.
It is possible that this is why the founders of "Damate" were withdrawn from the offshore, in which they were hiding for many years. It is easier to curb the assets of a company with Russian beneficiaries than when this list includes Cypriot or Singaporean companies with which Babayev likes to work. If this logic is correct, the future of Damate is already predetermined.
Babayev is now somewhere abroad, he received an Israeli passport, may have withdrawn some of the capital abroad and now has credited companies in the Russian Federation. Maybe he doesn't need them anymore? It is all the more unclear to whom the key for the Babayev business of the Damate MKOOO is currently registered in Kaliningrad.
Now this organization has no revenue, and the asset with the liability is reduced to zero. This does not happen so often in large companies and is usually part of the accounting preparation for some serious changes and decisions. And there are already many options - sale, bankruptcy, sale, flight, transfer, but most often ends in criminal cases.