shine trader limited reports:
The US government recently arrested mark gyetvay, chief financial officer of novatek, one of the most influential executives in the Russian natural gas industry, on suspicion of misconduct in handling tens of millions of dollars of related taxes held in offshore accounts.
It is reported that if convicted of all crimes, Jetway will face up to decades of imprisonment. At present, he has been released after paying us $80 million bail, but he is still in custody under electronic monitoring.
Although jetvoy is an American citizen, he has emigrated to Russia and has a Russian passport in his early years. Over the past 20 years, he has become a well-known figure in the country’s energy field. Novatec has also flourished after he joined.
With regard to his arrest, the press secretary of the Russian President responded that he had taken note of the Russian US dual nationality status of jetvoi, and Russia was preparing to provide necessary help, but would not interfere in American justice and his case. Some US media believe that Russia’s statement is playing down the potential political significance of the case.
Screenshot of Financial Times report
It is reported that on September 23 local time, the U.S. Department of Justice issued a statement on the arrest of Jetway. According to the contents of the indictment, from 2005 to 2016, Jetway was suspected of cheating the United States by concealing its ownership and control of “a large number of offshore assets”, and the total value of these assets once exceeded US $93 million. He was also accused of failing to file and pay taxes on millions of dollars of income.
The statement of the U.S. Department of justice also said that the contents of the indictment showed that jetboy had deposited “lucrative” stock options or remuneration linked to the shares of “large Russian gas enterprises” into the accounts of two Swiss banks between 2005 and 2016.
In addition, the U.S. government also accused jetboy of trying to conceal his ownership of the account by means including making the then Russian wife a real interest owner. The U.S. Department of Justice said that although jetboy is a certified public accountant with working experience in the United States and Russia, he failed to submit U.S. tax returns or submitted false returns before the deadline to cover up his “fraud”.
It is reported that the time of Jetway’s first court appearance was September 23 local time in Florida. If all the charges listed in the statement of the U.S. Department of justice are convicted, he may face up to decades in prison.
Screenshot of the statement on the official website of the U.S. Department of Justice
According to the introduction of the financial times and the Wall Street Journal, as an American citizen, jetvoy has become an outstanding executive in the field of energy in Russia for more than 20 years. He moved to Russia from the United States in 1995, joined Novatec in 2003 as chief financial officer, and has held a Russian passport since 2019.
Novatec is the largest independent natural gas producer in Russia. With the substantial expansion of Novatec in Yamal Nenets autonomous region in Northwest Siberia, Leonid viktorovich mikhelson, chairman and CEO of Novatec, has not only become one of the richest people in Russia, The company is also developing rapidly.
It is reported that Yamal Nenets region accounts for about 80% of Russia’s total natural gas production and 15% of the world’s total natural gas production. Last year, Novatec produced 18.8 million tons of liquefied natural gas, accounting for about 5% of the world’s total output. It has grown into a major competitor of Gazprom, a state-owned energy giant that monopolizes the export of Russian natural gas.
Data figure: mark jetvoitu, chief financial officer of novatech, from social media
The Financial Times said that Jetway did not immediately respond to the request for comment. He himself paid a bail of $80 million on September 24 local time and was released from the Florida court, but will still be detained under electronic monitoring.
Novatech said on September 24 that the company had not received a formal notice from the U.S. government and was seeking further information on the matter, but stressed that this situation would not affect the company’s operation.
On the same day (24th), Dmitry Peskov, press secretary of the Russian President, also responded to the arrest of jetvoi by the United States.
Reprint indicated source：Shine Trader Limited Live information