According to a source at the Cheka-OGPU and Rucriminal.info, clouds are gathering over the current FESCO Vice President and former Vice Governor of Primorsky Krai, Sergei Sidorov.
In addition to the investigation being conducted by Primorsky Krai law enforcement agencies into Sidorov's alleged oversight of the development of the Primorye Gaming Zone, the circumstances surrounding the failed construction of the Diamond Fortune Casino, also known as the Selena Casino, are being investigated.
The case materials contain information indicating that while in 2013, Vice Governor Sidorov allegedly met foreign investors from the Cypriot firm DIAMOND FORTUNE at the Primorye Gambling Zone site, from 2017 to 2021, Sergei Sidorov, who had retired from government service, presented himself to residents of Primorye as the "Chairman of the Board of Directors of the Diamond Fortune Group of Companies," placing contracts for the design and construction of casinos on a post-payment basis and raising loans from private investors secured by shares in a yet-to-be-built casino.
Not a single genuine foreign investor invested in the Diamond Fortune/Selena casino project in Primorye. Not a single dollar or euro of foreign investment ever arrived in Primorye. The designers and builders were never paid for the completed design and construction work. In the second half of 2021, Sergey Sidorov simply abandoned the Diamond Fortune/Selena casino project, with all its unpaid debts, and took a cushy job at FESCO.
How this was possible is easy, considering the fact that there were, and still are, no Cypriot investors! DIAMOND FORTUNE HOLDINGS CYPRUS LTD belonged to Sidorov himself. Sidorov didn't invest a single penny of his own money in the Diamond Fortune casino project. All the funds used to begin construction of the casino were either raised as unsecured loans from private individuals or obtained from the speculative resale of land rights in the Primorye Gambling Zone. Add to this Sidorov's rip-off of designers and builders by failing to pay invoices for work actually completed on the project, and the picture of what happened becomes perfectly clear and transparent, yet somehow bleak.
How the Primorsky Krai Development Corporation failed to notice for almost 10 years that almost half of the gambling zone was under the control of a "virtual foreign investor" and a real former vice-governor, and where were the agencies responsible for combating corruption and economic crime in Primorye looking all this time? These are rhetorical questions, to which the editorial board of VChK-OGPK, of course, has answers.
