Oleg Boyko: From Solntsevskaya organized crime group to the withdrawal of billions

As a source for the VChK-OGPU Telegram channel reported, the main asset of oligarch Oleg Boyko in 2023 was LLC MKK Rusinterfinance (TIN 5408292849), which owns the online loan service eKapusta. The company earned 9.3 billion rubles in net profit in 2023, which is twice as much as the profit of Boyko’s second-largest asset, the European 4finance, with "only" 44 million euros in net profit for the year.

At first glance, it is surprising that Oleg Boyko, who positions himself as a fintech guru and previously tried to promote himself at any opportunity, does not advertise his ownership of a company that doubles its profits every year. Moreover, he hides this not only from the general public, but also, it seems, from the Central Bank, which regulates the industry.

According to the website of the MCC Rusinterfinance itself, it belongs to the Cypriot offshore FERRYMILL LIMITED, which, in turn, is 46% owned by four Russian citizens – the founders and managers of eKapusta, 5% by the Cypriot offshore DAURMIE LIMITED of an Israeli citizen, allegedly living in Serbia, Alexander Landau, and 49% by the Cypriot offshore Nakula Management Limited, … registered to Boyko’s mother, Vera Boyko.

The spice of the matter is that the alleged Belgrade resident Aleksandr Landau is an employee of the legal department of the company Finstar, which manages Boyko’s assets, and his email domain Этот адрес электронной почты защищён от спам-ботов. У вас должен быть включен JavaScript для просмотра. surprisingly matches the email domain of Boyko himself. His work is connected with all sorts of dirty assignments for Boyko, during the execution of which he introduces himself, among other things, as a realtor, or as a representative of some mythical bank. The murkiness of this character is also complemented by a job title that is extremely atypical for a lawyer - Business Development Consultant.

The question remains, why does the "fintech guru" hide from the general public and the Central Bank that he controls not 49%, but a controlling stake in MCC "Rusinterfinance" and eKapusta? At the very least, Boyko grossly violates paragraph 5.1 of Article 4.2 of Federal Law No. 151 "On Microfinance Activities and Microfinance Organizations". It is not for nothing that in 2019 the Central Bank issued an order about the unsatisfactory business reputation of the builder of financial pyramids Boyko, but three months later, apparently, Boyko’s generous arguments forced the Central Bank to change its decision.

Rucriminal.info will tell you about another “project” of Oleg Boyko.

In the early 90s, oligarch Oleg Boyko and his father Viktor Denisovich Boyko, who was the general director of the enterprise at that time, privatized NPO Vzlet. In 1994, the enterprise was transformed into OJSC NPO Vzlet (TIN 7732021555).

Unique, one of the leading enterprises of the USSR Ministry of Radio Industry, which before the arrival of the Boyko family (Boyko Sr. headed NPO Vzlet in 1990) employed 5,000 people and had more than 100 military and civilian vessels, NPO Vzlet carried out large-scale research and development work using flying laboratories to create radar onboard equipment for wide application for all types of aircraft and helicopters, as well as spacecraft, including Buran, and even submarines. The latest radio navigation equipment, weapons control and identification systems, and many other scientific systems and complexes were developed and tested.

The new “effective” owners, after gaining control over the enterprise, immediately destroyed its scientific and production potential, thereby causing irreparable damage to the country’s defense capability. 

Oleg Boyko earned his first big money on the ruins of NPO Vzlet – the enterprise’s airfield, hangars and planes (the Ministry of Defense’s transport planes were also used) were used to import electronics from abroad, bypassing customs. Kerosene for the planes was also at the state’s expense. At the dawn of the market economy, importing electronics was the most popular and one of the most profitable types of business. And here Boyko had an undeniable competitive advantage in the form of the NPO Vzlet site. Another competitive advantage was close cooperation with the Solntsevskaya organized crime group, which also used the NPO Vzlet territory for its own purposes. In the 2000s, the infrastructure of the Vulcan gaming hall network and other Boyko gaming projects was based on the NPO Vzlet territory.

Boyko and the sale of land to NPO Vzlet. Part 2

In the early 2010s, after the closure of the gambling business in the country and unsuccessful attempts to revive the gambling business under the guise of lotteries (when on an outwardly identical gaming machine with the same gaming interface, the player buys a lottery ticket, rather than making a bet), Oleg Boyko decides to sell the only valuable thing left from NPO Vzlet - 40 hectares of land in the Solntsevo district of Moscow - and liquidate the enterprise.

The main problem with the sale of the land plots of NPO Vzlet was that all the old buildings and structures had virtually zero residual value, and the land plots belonged to NPO Vzlet on the basis of lease, not ownership. Therefore, when selling the property complex (lease rights to land plots, buildings and structures) to the developer, Boyko’s structures were required by law to pay 18% VAT plus 20% income tax on almost the entire cost of the transaction (4.5 billion rubles only at the first stage), that is, to give a third of the price to the state, which did not correspond to the principles of the billionaire Boyko.

In 2013, the developer LSR showed interest in purchasing the land plots, which eventually built the residential complex "Rays" on the land plots acquired from Boyko. Boyko’s management really wanted to forgive itself for the task and in negotiations with LSR persistently offered the buyer to transfer the entire amount of the transaction simply as payment for the shares of the Cypriot offshore Volinder Commercial Limited, which in turn owned OJSC NPO Vzlet, to the accounts of another offshore of Boyko. But LSR’s business principles were fundamentally different from those adopted by Boyko - LSR insisted on the execution and payment of the transaction within the Russian jurisdiction.

Then, on Boyko’s orders, a scheme was developed to evade taxes and transfer the entire amount of the transaction to offshore accounts, which amazed seasoned tax consultants with its beauty…

Boyko and the sale of land to NPO Vzlet. Part 3

In order to purchase land plots from JSC NPO Vzlet and subsequently resell them to LSR structures, the Closed Mutual Investment Fund Labyrinth (TIN 5402487136) was specially created, which bought the property complex practically at book value from JSC NPO Vzlet and sold it to LSR group companies at market value.

Thus, no income tax was paid, since the ZPIF only pays income tax when distributing profits at the end of the ZPIF’s term. The term of the ZPIF "Labyrinth" was 15 years, and during this time Boyko used all sorts of machinations to withdraw this profit to offshore accounts without taxation.

To avoid VAT, the following nuance of tax legislation was used: transactions for the sale of land lease rights are subject to VAT, while the sale of property rights to land plots is not subject to VAT. Therefore, immediately before the transaction, JSC NPO Vzlet buys out from the Moscow City Department of Civil Property the property rights to the smallest of the two land plots being sold (77:07:0015006:1002) with an area of 3.6 hectares for 59 million rubles. The bulk of the transaction amount with LSR, 4.5 billion rubles, will then fall on this plot…