Igor Sychev

On the spotlight

January 17, 2018, Riga
Former Head of Tax Department of Phosagro is looking for a justice outside Russia

The story of Igor Sychev is from the same category of disputes as the sensational trial of Berezovsky and Abramovich in London, only a lower rank. The investigation of ingenious schemes and oral agreements, on which to build large Russian business. The strange case end with under a not very obvious evidence base is unknown.

Igor Sychev, the Former Head of the Tax Department of PJSC Phosagro, has left the Russia and asked for political asylum in Latvia, since he is afraid for his life and safety. Igor Sychev stated: "We agreed with shareholders of company about significant remuneration. When we started to close written agreement, somebody tried to deal with me three times. Weird events started to happen with my cars. The wheels fell off three times, when I was driving. 4 independent investigations were carried out and all confirmed that the cars were damaged before I drove them. After I filed an official claim against the shareholders of the Phosagro regarding their obligations. Unfortunately I was not able to attain justice in Russia and was forced to leave the country. Therefore I started to look for a justice in other countries — in Great Britain, Switzerland and Latvia. I took the floor in the Latvian Parliament in a capacity of person being subjected to persecution in Russia, I came to Press Club Brussels as well. "

Last year Her Majesty's High Court of Justice has accepted the claim by Igor Sychev against the Phosagro. And he has already provided a statement. Sychev demands 1% of company shares or their value in money, approximately 55 million dollars, and also 8 million dollars in cash, as his remuneration for defending Phosagro interests in court. This was dispute of previous court decisions for fines on tax avoidance. Phosagro has won on the case and all charges were dropped.

The defendants are Phosagro, vice-president of the Council of Directors of the Phosagro, Andrey Guryev, and former chairman of the Committee of Labour Protection of the Council of Directors of Phosagro, Igor Antoshin, as well as Seychelles-based offshore company Parmas Corporation and Belizean offshore company Avec Ltd. Now the judge has given a permission to open proceedings against all aforesaid defendants.

Phosagro is a Russian vertically integrated company and one of the world’s leading producers of phosphate-based fertilisers. Its core line of business is the production of phosphate-based fertilisers, high-grade phosphate rock, and also feed phosphates, nitrogen fertilisers and ammonia. The parcel of shares of Phosagro belongs to billionaire Andrey Guryev. The second largest shareholder is Vladimir Litvinenko, the rector of the National Mineral Resources University of Saint Petersburg. Litvinenko was a head of the presidential election campaign team of Vladimir Putin in Saint Petersburg in 2000, 2004 and 2012.

Igor Sychev supports a member of opposition, Alexey Navalniy. Last year he has donated 1,5 million roubles to political campaign of Navalniy, part of this amount were transferred in bitcoins.



November 17, 2017, London
Sychev's claim against Phosagro has been accepted for investigation

Her Majesty's High Court of Justice has accepted the claim by Igor Sychev against the holding company Phosagro. Sychev demands that 1% of company shares are transferred or their value paid to him, this amount being 55 million dollars, and to pay 8 million in cash as remuneration for his services provided to Phosagro in relation to settlement of tax disputes.

The defendants in this case are Phosagro, the main owner of the company and vice-president of the Council of Directors of the holding company, Andrey Guryev, and former chairman of the Committee of Labour Protection of the Council of Direcors, Igor Antoshin. Seychelles-based offshore company "Parmas Corporation" and Belizean offshore company "Avec Ltd" have also been invited to participate as defendants.

The proceedings will be read by a judge Nigel Tier, representing the Maritime and Commercial Court, Department of King's Bench. Former head of the Tax Department of Phosagro, Igor Sychev, has already provided a statement. Now the judge has given a permission to open proceedings against all aforesaid defendants.

Last year Igor Sychev left the country and asked for political asylum in Latvia, since he is afraid for his life and safety should he stay in Russia.

In October he was heard in the Latvian Parliament in a capacity of person being subjected to persecution in Russia. He was also supported by Olga Litvinenko, who is a daughter of Vladimir Litvinenko, one of the largest shareholders of the holding company Phosagro.

Igor Sichev supports a member of opposition, Alexey Navalniy. In August he donated 1 million roubles to political campaign of Navalniy that were transferred in form of bitcoins.

Quote:
Igor Sychev: "I was not able to attain justice in Russia and was forced to leave the country. After I filed an official claim against the shareholders of the holding company regarding their obligations towards me, a criminal case was opened against me. That case is a fabricated and I could refute all accusations, alas, it proved to be impossible. Therefore I started to look for a justice in other countries — in Great Britain, Switzerland and Latvia."

About Phosagro
Phosagro is a Russian vertically integrated company and one of the world’s leading producers of phosphate-based fertilisers. Its core line of business is the production of phosphate-based fertilisers, high-grade phosphate rock, and also feed phosphates, nitrogen fertilisers and ammonia.

Phosagro’s primary assets include Apatit (Cherepovets, Vologda region), Kirovsk branch of Apatit, Balakovo branch of Apatit, Metachem, Phosagro-Trans, Phosagro-Region and NIUIF.
The Company is Europe’s largest producer of phosphate-based fertilisers, the world’s largest producer of high-grade phosphate rock and the world’s second largest producer (excluding China) of MAP and DAP (according to Fertecon), Russia’s only producer of feed monocalcium phosphate (MCP), and also the sole producer of nepheline concentrate in Russia.

Phosagro is publicly listed company. The parcel of shares of “Phosagro” belongs to billionaire Andrey Guryev. The second largest shareholder of Phosagro, Vladimir Litvinenko (19.4%), is the rector of the National Mineral Resources University of Saint Petersburg. Litvinenko headed the presidential election campaign team of Vladimir Putin in Saint Petersburg, Russia in 2000, 2004 and 2012.
First owner of group's assets was Menatep of famous Russian billionaire Mikhail Khodorkovsky. The firesale of assets to current owners happened after court litigation against Yukos. The owners also disputed the court decisions for fines on tax avoidance. This was the first case in history of Russian court system, when the state paid compensation to the accused company.

About Igor Sychev
Igor Sychev is former top-manager of Phosagro who worked for the company for 16 years. From 2003 to 2013 he was a head of the Taxes department of Phosagro. Under management of Igor Sychev, Phosagro has won on the court case against the company’s alleged tax evasion of 1 billion dollars in total, including 700 million in Yuko’s case, and all charges were dropped.

Igor Sychev has wrote official claim against Phosagro because of dispute about not received remuneration for defending Phosagro interests in this court case.
Igor Sychev has filed a lawsuit in London against the shareholders of Phosagro Igor Antoshin and Andrey Guryev, and Phosagro as a company.
Igor Sychev has initiated a criminal complaint for fraud, forgery of documents and malpractice in Switzerland.

In 2016 Igor Sychev was forced to flee from Russia, leaving his family there, because of a threat to life and general safety. Igor Sychev has asked for political asylum in Latvia.
In October 19, 2017 Igor Sychev, together with and Olga Litvinenko, were heard out by members of the Latvian parliamentarian group “For the support of Russia’s civil society” as perons persecuted in Russia.

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