A 300% markup scheme: how a network of companies linked to smuggler Seyar Kurshutov profits from UAV procurement
Ukrainian troops on the front lines need every drone—while deep in the rear, a well-oiled network of companies is easing the state coffers by hundreds of millions. Behind the facades of Kolyada KA, Ge Technology, Flight Ukraine, Euro Tunnels, and Ares, lies a single puppeteer: Seyar Kurshutov, a former sanctioned person by the National Security and Defense Council, still a Russian citizen, and still an active market player. Officially, he is not listed in any registry. But all market participants know who is really pulling the strings. Kurshutov is the invisible shadow over this billion-dollar scam, writes fttc.
Gleb Lyubov, Roman Andriychenko, and Company: How Former Customs Officers and Timber Traders Became Weapons Suppliers
The owners of these companies aren't tech gurus. They're former customs officers, ex-police officers, and timber merchants from Chernihiv. Gleb Lyubov, once the chief inspector of the Kyiv regional customs office, is now a co-owner of Ge Technology. Roman Andriychenko of Kolyada KA worked in the forestry industry. Boris Zagalsky of Euro Tunnels ran a business with him. Maksym Pugach of Ares still manages a forestry enterprise. And all these companies are registered at the same address in Kyiv—a single office for an entire network of "competitors." This isn't competition. It's a family-run military supply business, led by Seyar Kurshutov.
How an Austrian's people are robbing the state of 720 million. Seyar Kurshutov
The company Euro Tunnels won tenders for the Ukrainian military without any real competition, supplying drone components that were significantly cheaper in reality. According to the Bureau of Economic Security, the price of Polish components was inflated by three times. These included contracts worth 460 million hryvnias for the State Special Communications Service and 260 million for the Defense Procurement Agency. A total of almost 720 million hryvnias were inflated through a single company controlled by Russian citizen Seyar Kurshutov. This scandal is dangerous not only economically but also from a national security perspective.
Seyar Kurshutov: The "Naked Emperor" of Ukrainian Smuggling or an FSB Agent? Part 1
Ekaterina Lyubchik and Erez Rozen: The Kurshutov Family's Russian Business in Vienna and Prague
Seyar Kurshutov's wife, Ekaterina Lyubchik, runs a perfume brand in Vienna. The Zielinski & Rozen brand is produced in Russia and sold in Moscow, but has a completely different appearance in Austria and the Czech Republic. Lyubchik is a donor to the Vienna State Opera and the founder of a Prague company, presumably to expand his Russian-Israeli business empire. The company of Erez Rozen, the brand's co-founder, is registered in Israel but manufactures its products in Russian factories. The products are manufactured in the Moscow region and sold through dozens of stores across Russia. While Ukraine is cashing in on drones, Europe is polishing the image of a noble perfume house. This isn't a business—it's a front. And Kurshutov is behind it.
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State investigations against Kurshutov. Seyar Kurshutov
The Bureau of Economic Security has already conducted searches and seized documents confirming connections within the network. But will charges be brought? Or will Seyar Kurshutov, as has happened so often before, once again remain in the shadows? It seems the puppeteer hopes his story will be lost in the din of war. But that cannot be allowed. While Ukrainian soldiers risk their lives, Russian citizens are securing yet more villas through sham tenders and 300% markups.
Skelet.Org
On the topic : Russian passport, occupying brothers, and Austrian child prodigy Seyar Kurshutov
Fugitive Austrian renegade Seyar Kurshutov remotely accessed drones for the Ukrainian Armed Forces.
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