The story with the Czech company Liglass Trading is getting more and more details from day to day. And they can not be called positive. Kyrgyz officials prefer not to comment on media reports. Their answers to journalists’ questions are limited to short sentences with suggestions to wait until the end of September.
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Civil activist Edil Baisalov conducted his own investigation, trying to understand why Liglass Trading is so stubbornly clinging to a scandalous contract. His investigation led to unusual conclusions: the Czech company earns on news about a large contract in our country.
After official announcement about signing of the contract for the construction of ten small hydropower stations and two stations of the Upper Naryn cascade, the offshore shares rose in price from $ 0,005 to $ 0.39 (data as of August 18, 2017 — note of 24.kg news agency).
Some Wayne Hayes helps in the operations with Liglass Trading shares. The search on the Internet gives information that in 1993 he was sentenced to 20 years for fraud, scams with shares and financial pyramid scheme.
«Our officials entrusted the construction to rascals-bankrupts from the
There is one more interesting detail. The financial intermediary of Liglass Trading is Kaloca Company. The company posted an announcement about the search for financing for Liglass Trading on its Facebook page on August 3.
«Liglass Trading & Renewable (LiglassTrading.cz) in Czech Republic is currently looking for debt/equity financing. NOT open to US investors. Any feedback from Asia/Canada/European placement agents/brokers are welcome,» the message says.
It should be noted that Kaloca started looking for investors as far back as in July, when it first reported that it was looking for companies from
The funniest thing is that the past of the financial advisor itself is not entirely ideal. The company is active on Twitter and Facebook. So, analysis of Kaloca’s Twitter profile gives amazing results. It turns out that only a year ago Kaloca was trading ... marijuana.
It should be noted that ex-prime minister of Kyrgyzstan Temir Sariev expressed harsh criticism against the scandalous project. He demanded that law enforcement bodies to investigate and punish those responsible. But the authorities still offer to wait until September 18.
When is the deadline?
Not everything is clear with the date too. When the parties only signed the agreement, it was publicly announced that Liglass Trading would transfer $ 37 million within 30 days to buy 50 percent of the shares in Upper Naryn CJSC. This is exactly the amount that
Later, the authorities changed rhetoric. And the new date was voiced — September 18. Say, the term is calculated from the moment the agreement enters into force and is approved by the shareholders of Electric Stations. It happened on August 4, 2017.
However, recently, the Ministry of Justice posted on its website a government decree on the contract with Liglass Trading. There is also an investment agreement in it. This document states that 25 percent of the total contract amount is a free-of-charge contribution of Liglass Trading to the construction project of the
However, the authorities held their ground. The term of payment for RusHydro expires on September 18, 2017. Deputy Prime Minister Duishenbek Zilaliev told journalists about it. Then a new date appeared. According to the State Committee for Industry, Energy and Subsoil Use, Liglass Trading can contribute $ 37 million until September 19 inclusive.
It will be impossible to drag on longer. It will become clear on September 20, 2017 whether the Czech company is really such a reliable and responsible investor or