Echo of Moscow - De-Facto Bankrupt. Venediktov Demands Free Money From Gazprom
One of the most annoying traits of reality in Russia is that we have, as it were,
a special caste of people who are beyond normal laws and regulations.
They go even further than that, as they are not subject to the many, very many cultural stereotypes [of Russian society].
This is important, as such a special status gives these people the opportunity to become impudent and simply behave like pigs
without having to fear any repercussions.
Let's do a thought experiment; I am certain that you will see that I am right.
Imagine a news report:
a state enterprise was investigated, violations were discovered,
and during the investigation, it turns out that the enterprise's manager is now suspected of having led his company to bankruptcy.
If the suspect were your average civil servant or manager, society's reaction would be half-hearted and as you would expect:
something like "well, what can you do, they're all like that."
And now imagine that the suspect is not just a manager, but a manager who is famous for his irreconcilable anti-state opinions and hyper-liberal political views.
Let us imagine that we are dealing with a director like Serebrennikov or a chief editor like Venediktov: what do we see?
Correct! We begin to hear wild cries about political repression, the destruction of freedom of expression, the return of 1937, etc.
Any security official, any investigator, any auditor or tax inspector will have to think 300 times before opening such a Pandora's box
and create a serious problem for themselves. Even in the case where
if the evidence for the representative of the exalted liberal caste's violations is clear as day.
What we see, is that being an open anti-state element is favorable in Russia,
because you can suck money from the government,
steal or simply be negligent while managing your assets,
and with all of this still have a strong insurance against persecution.
This is what they use in the Ekho Moskvy radio station,
which, if we check the [Russian] law, should have been closed roughly a year ago.
I would like to thank the alert readers and viewers who share my opinion and who send me very interesting documents
about the financial status of the country's premier anti-governmental media outlet, Ekho Moskvy.
The documents look very authentic and I am convinced that they reflect the real state of affairs,
as well as the way Venediktov and his helpers are using state money.
I will now share some discoveries with you. Sit more comfortably.
So, here's what is Kiev financial audit by the company "Neksia Pacholi" that was made for Ekho Moskvy in 2017.
According to calculations made by the auditors, on 31 December 2017, Ekho Moskvy's net assets amounted to
negative 38.59 million rubles ($606,938), and on 31 December 2016, it was negative 79.83 million rubles ($1.2 million).
And on 31 December 2017, a whopping negative 159.39 million rubles ($2.5 billion).
So Ekho Moskvy is not just losing money, but it has already thrown away money that it didn't have.
It's a big deal that this company should have been liquidated,
and not just from the point of view of common sense and financial logic, but from that of the Russian legal system.
Even the auditors that were hired by Ekho Moskvy
mentioned Chapter 4: Article 99 of the Russian Civil Code and I emphasize,
that "if the number of net assets of a company is lower than the minimum authorized capital, as determined by law, this company must be liquidated."
The lawyers I have asked confirm that Ekho's existence is contrary to the law.
According to Chapter 11: Article 34 of Federal Law No. 208-FZ "On Joint-Stock Companies",
"when at the end of the second financial year the amount of net assets is less than the required minimum authorized capital - 10,000 rubles ($159),
this company must take a decision to liquidate no more than six months after the end of the financial year."
But this is not all.
If a company doesn't want to liquidate itself, the process must be initiated by an organ that registers and verifies companies,
that means it can be done by the Federal Tax Service.
But I will never believe that the Moscow branch of the Federal Tax Service will, all the while strictly following the law, liquidate Ekho Moskvy.
As I have said, laws do not apply to Venediktov.
I get the idea that it is this subject that president Putin should have been asked about during his direct press conference.
The president, like a lawyer, should be interested in these conflicts.
I will emphasize that this is not even about Ekho Moskvy's editorial politics,
but about someone being allowed to do something that others are not.
We can draw a singular conclusion from the documents:
Ekho Moskvy has existed for the last three years only thanks to financial injections from Gazprom structures.
Venediktov's company is hanging to this day with an indebtedness agreement
for a loan of 40 million rubles ($637,145). With a penalty of 4.8 million ($76,453) a year since 2015.
These debts are organized by Gazprom Media Holding.
The financial situation will not improve in the future, as the predicted "deficit" will rise to roughly a quarter of a billion rubles in 2018.
I have a question for the representatives from Gazprom Media Holding.
Gentlemen, are you really sure that this is a good investment of the government's money?
Are you sure that Venediktov his team's work is a national achievement?
The question is rhetorical of course.
But this is not all.
Now before you lies an attraction of unseen impudence.
The fact is that Gazprom Media Holding is giving Ekho Moskvy another loan. Well they have to live somehow...
This by itself transcends the boundaries of logic and common sense, but I've got something even more cooler for you.
Venediktov
is against the loan
and he is voting in the board of directors against it's retrieval.
Does the Ekho Moskvy team really want to live affordably?
But no, this is impossible.
As my informed readers tell me, Mr. Venediktov has gone so far as
to ask Gazprom to invest in Ekho Moskvy's capital free of charge.
So he doesn't want to take out a loan for life, but is instead demanding that the money be gifted to him.
I don't know how comment on this, all I can say is that for some people,
the fairytale about the fisherman and the fish is a good moral lesson about the dangers of ambition.
But for others it serves as an inspiring instruction manual.
It's a shame, however, that currently the golden fish that Ekho Moskvy is shaking up for money is a state fish with the Gazprom logo stamped on its side.
If Ekho Moskvy was a normal commercial firm, the current management would be gone in a flash.
In the 2017 audit alone there is an entire page containing a table
in which the auditors list the administrative errors that the management has not corrected for literally years;
so from year to year, the very same thing repeats.
Several violations are so serious, that the auditors honestly write that Ekho Moskvy's financial results can only be computed in a very rough way.
The internal auditors write even more interesting things.
For example, they point out that the sale of advertising space in the Russian provinces is not done directly,
but through some kind of murky daughter company, and that until now no clear economic argumentation has been given for this outline.
Well, we understand that there is some clear argumentation
and that it is even economic, and, what is even more shocking, is that someone is earning money off of it.
And someone is also posting banner advertisements on the Ekho Moskvy site without any agreement and raking in dough from doing so.
The only thing that is surprising is why Ekho is continuing to receive money from Gazprom's Media Holding.
By the way, I think many will be interested to hear that roughly a million rubles of that Gazprom money is spent each year to pay Mr. Ganopolsky, in the Ukraine.
Who, in Kiev, is pouring shit on our country with your and our money.
I have another question to Gazprom.
Ganapolsky is also our national achievement?
The question is, once again, rhetorical.
One more thing.
I am against censorship.
The USSR used it too much and it ended badly.
However, I am in favor of the rules of the game being the same for everyone.
After all similar anti-Russian media outlets that receive government money and still demand freebies have been liquidated,
then we can say that "rule of law" is not just an empty phrase.
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