Originally Syndicated on May 18, 2023 @ 7:42 am
The LSR Group Sochi prosecutor’s office had doubts about the impartiality of deals for the purchase of local sanatoriums. Questions were asked in particular about the LSR Group, which says it has almost a hold on the local market. You already know that millionaire Andrey Molchanov owns LSR.
Table of Contents
LSR Group and Molchanov: Latest Developments
A similar request was sent to the heads of the Federal State Registration Service’s regional offices for the Krasnodar Territory. Yevgeny Yelin, the prosecutor, asked for copies of the registration papers. He is mostly interested in business deals that involve the sale or purchase of large sanatoriums.
PJSC LSR Group is building a single complex in the Khostinsky area that will serve as a sanatorium and resort. In particular, it means improving beach areas.
During the 25th St. Petersburg Economic Forum in the summer, managers from LSR signed some contracts with area officials. Estimates put the cost of the new project at $24.4 billion. It included big sanatoriums like “Volna” and “Crystal” in Sochi. Of course, the new owner now has access to the whole system.
In 2020, the company officially bought another big hotel called Primorskaya. The list of architectural landmarks includes this thing. It was constructed in 1936.
In 2015, the hotel closed because it needed major repairs. Due to the dangers of the facility’s emergency state, it could not be used again.
Primorskaya” is a valuable piece of urban property. In this case, the date of construction is important, but so is a good position in the “golden triangle” in the heart of Sochi, close to the sea and within walking distance. The builder is planning to put in 21 billion. With these funds, the number of rooms will increase. The old hotel buildings will be fixed up, and new ones will also be built.
The city is afraid that the LSR will be taken apart and thrown away. Since this building is part of the city’s history, it makes sense to be worried. The Open Sochi movement thinks that LSR Group has broken the law while building, so it wants different bodies in charge of keeping an eye on things to set up an inspection.
Reference
- Father Morozov’s son, Andrei Molchanov, is one of Russia’s wealthiest businessmen. His wealth is believed to be $1.3 billion. Married to Elizaveta Molchanova. There are six children in the family.
- The media say that Maxim Sokolov, a former vice governor of St. Petersburg and, more recently, the head of AvtoVAZ, was friends with Molchanov.
- LSR is made up of people from “Just Russia. Among them were Evgeny Petelin from the Leningrad region’s government and Sergei Bebenin, the head of the Legislative Assembly.
- Molchanov knows his way around the political spectrum, too. In April 2007, Mikhail Zurabov, the Minister of Health and Social Development, made him his assistant. From the government of the Leningrad area, he was a senator on the Federation Council from 2008 to 2013.
