Source Pravda.Ru

Federal gov't loses its positions in ALROSA

A scandal may break out among ALROSA's shareholders in the near future, the Kommersant newspaper reported. According to some sources in the company, the other day the government social guarantee fund of servicemen 'Garantiya' sold a 5 percent block of shares in ALROSA, which produces diamonds totaling $1.5bn annually, to structures that acted in the interests of the authorities of Yakutia. This step seriously weakens the positions of federal authorities before the coming shareholder meeting scheduled for the end of this week. ALROSA's major shareholders are the Russian and Yakutian governments that have 32 percent each, 23 percent of the block of shares belong to the company's employees, 8 percent to administrations of eight Yakutian districts and 5 percent belonged to the 'Garantiya' fund. The buyer of this 5 percent stake is supposed to be Grigory Berezkin, president of the ESN group. If this deal was made, the federal center's plans on consolidating the company's financial flows will be in danger, as the 'Garantiya' fund traditionally supported the federal government at shareholder meetings.

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&to=http://www.alrosa.ru/' target=_blank>ALROSA

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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