Profile: Finpar Invest SRL

Finpar Invest SRL

company

Profile updated: 8.10.2020

Date founded : 23.02.1993

Country: Republic of Moldova, Chisinau

IDNO: 1002600056198

Biography

This is the oldest family business of oligarch Vladimir Plahotniuc. Its original name was the Center for the Offense Prevention and Rehabilitation of Minors - or Minor SRL - which changed in 2008. Founded in 1993, the direct connection with Mr. Plahotniuc surfaced in 1998, when Oxana Childescu, his girlfriend, took over 90% of shares and later another 5%. Five years later Miss Childescu sold her part in the firm to the oligarch’s sister Vera Plahotniuc, who at that time wore her husband’s family name Morozan.

In 2005 Finpar Invest SRL changed hands in the United Kingdom, Belize, the Netherlands, and Cyprus, being represented by individuals close to the oligarch - Olga Dnestrean, Andrei Ursachi, Cristina Bălan, Cezara Salinski, and Andrian Candu.

In May 2010, Finpar Invest absorbed two firms in Chisinau - Ghiocel Dalb SRL, which owned and ran a restaurant building in a park in the capital (“La Izvor”) - and Briat&Co SRL, which owned a defunct cafe building (“Guguta”) in the central public garden in the very heart of the city. Finpar Invest’s equity capital increased from 171 million up to 207 million lei as a result of those operations. Over the years the company’s equity capital soared to almost half a billion lei and Finpar Invest rose to become the gemstone of Mr. Plahotniuc’s real estate empire.

When the oligarch embraced a political career in 2010 and, later, grabbed the Democratic Party (PDM) leadership, the company started a sales spree to get rid of its properties - mostly in Chisinau: a chain of seven gas filling stations (2015), Codru Hotel (2016), Guguta Cafe and Ghiocel Dalb Restaurant (2017), the Global Business Center complex, a historical villa, and a 10-hectare land plot near the Northern Bus Station.

After PDM lost the power in June 2019 and Vladimir Plahotniuc fled from Moldova, the National Anti-Corruption Center confiscated a number of properties from Finpar Invest, as its owner was formally charged with money laundering. Among the properties seized by the Government, there are the luxurious Nobil Hotel and the General Media Group studios at Moldexpo Exhibitions Center, which hosts the television stations Prime, Publika, Canal 2, and Canal 3, as well as the radio stations Publika FM and Muz FM.

Company’s history

Associate

Headquarter

Proxy

Mihail Pocnea
(01.2016 - )

administrator

Valentin Zubic
(04.2015 - 01.2016)

administrator

Asirapal Enterprises LTD (Cyprus)
(07.2014 - )

100%

OTIV Prime Real Estate BV (Netherlands)
(06.2013 - 07.2014)

100%

Cedra International SA (Belize)
(05.2013 - 06.2013)

6,1%

OTIV Prime Real Estate BV (Netherlands)
(05.2013 - 06.2013)

93,9%

OTIV Prime Real Estate BV (Netherlands)
(11.2010 - 05.2013)

100%

Finpar Victoria LTD (Cyprus)
(10.2010 - 11.2010)

100%

Finpar Victoria LTD (Cyprus)
(09.2010 - 10.2010)

94,95%

Power Investment LLC (USA)
(09.2010 - 10.2010)

5,05%

Finpar Victoria LTD (Cyprus)
(08.2010 - 09.2010)

91,58%

Power Investment LLC (USA)
(08.2010 - 09.2010)

8,42%

Codru SRL
(07.2010 - 08.2010)

23,9366%

Finpar Victoria LTD (Cyprus)
(07.2010 - 08.2010)

67,6458%

Power Investment LLC (USA)
(07.2010 - 08.2010)

8,4176%

Ghenadie Sajin
(06.2010 - 04.2015)

administrator

Finpar Victoria LTD (Cyprus)
(05.2010 - 07.2010)

88,93%

Power Investment LLC (USA)
(05.2010 - 07.2010)

11,07%

Finpar Victoria LTD (Cyprus)
(04.2010 - 05.2010)

88,91%

Power Investment LLC (USA)
(04.2010 - 05.2010)

11,09%

Finpar Victoria LTD (Cyprus)
(05.2007 - 04.2010)

100%

Petru Cangas
(2007 - 06.2010)

administrator

Olga Dnestrean
(07.2005 - 2007)

administrator

Stockinvest Corporation LTD (United Kingdom)
(2005 - 05.2007)

100%

Vera Morozan
(03.2003 - 2005)

95%

Oxana Childescu
(08.1998 - 03.2003)

95%

Anisia Untilova
(06.1998 - 2005)

Elena Milentieva
(06.1998 - 08.1998)

2,5%

Oxana Childescu
(06.1998 - 08.1998)

90%

Victoria Pavlenco
(06.1998 - 08.1998)

2,5%

Chisinau mun.
(01.1993 - )

132 Stefan cel Mare si Sfant blvd.

Anisia Untilova
(01.1993 - 07.2005)

administrator

Anisia Untilova
(01.1993 - 1998)

5000 rubles

Elena Ceban
(01.1993 - 1998)

5000 rubles

Elena Milentieva
(01.1993 - 06.1998)

5000 rubles

Elvira Goleatina
(01.1993 - 06.1998)

5000 rubles

Serghei Consevici
(01.1993 - 06.1998)

5000 rubles

Serghei Maximenco
(01.1993 - 06.1998)

5000 rubles

Victoria Pavlenco
(01.1993 - 06.1998)

5000 rubles

Connections

Real Estate

construction

2017

4.623.356,00 MDL (674.4 m.p.)

2018

Ownership: 100%

urban villa with status of historical monument of local importance

land

2017

3.367.879,00 MDL (0.06 ha)

2018

Ownership: 100%

land

2016

3.720.805,00 MDL (0,05 ha)

2018

Ownership: 100%

part of former hotel complex "Codru"

construction

2014

146.564,00 MDL (39,3 m.p.)

Ownership: 100%

located on the territory of "Moldexpo", where the General Media Group Studios, including, are located

construction

2014

19.890.244,00 MDL (5919,7 m.p.)

Ownership: 100%

located on the territory of "Moldexpo", where the General Media Group Studios, including, are located

construction

2013

522.390,00 MDL (140,1 m.p.)

Ownership: 100%

located on the territory of "Moldexpo", where the General Media Group Studios, including, are located

construction

2013

8.724.027,00 MDL (1989,8 m.p.)

Ownership: 100%

located on the territory of "Moldexpo", where the General Media Group Studios are located

construction

2010

N/A (2345.5 m.p.)

2016

Ownership: 100%

part of former hotel Complex "Codru"

construction

2010

195.830,00 MDL (28.2 m.p.)

2017

Ownership: 100%

warehouse, part of former "Guguta" cafe

construction

2010

368.360,00 MDL (54.1 m.p.)

2017

Ownership: 100%

warehouse, part of former "Guguta" cafe

construction

2010

388.796,00 MDL (57.1 m.p.)

2017

Ownership: 100%

warehouse, part of former "Guguta" cafe

construction

2010

4.228.024,00 MDL (723.4 m.p.)

2018

Ownership: 100%

part of former hotel Complex "Codru"

construction

2010

4.332.034,00 MDL (312.9 m.p.)

2018

Ownership: 100%

Global Business Centre

construction

2010

6.943.268,00 MDL (1750.8 m.p.)

2017

Ownership: 100%

former restaurant "Ghiocel Dalb"

construction

2010

12.241.281,00 MDL (1694.4 m.p.)

2017

Ownership: 100%

former "Guguta" cafe

construction

2010

16.476.957,00 MDL (3079 m.p.)

2016

Ownership: 100%

part of former hotel Complex "Codru"

land

2010

2.333.367,00 MDL (0.41 ha)

2017

Ownership: 100%

where former restaurant "Ghiocel Dalb" is located

land

2010

10.887.260,00 MDL (0.5 ha)

2016

Ownership: 100%

on which former hotel Complex "Codru" was built

land

2010

62.898.945,00 MDL (10.4 ha)

2018

Ownership: 100%

construction

2009

55.685.923,00 MDL (5222.1 m.p.)

2018

Ownership: 100%

Global Business Centre

land

2009

1.597.026,00 MDL (0.0451 ha)

Ownership: 100%

on which "Nobil" hotel was built

land

2009

4.631.920,00 MDL (0.15 ha)

2018

Ownership: 100%

on which Global Business Center was built

apartment

2008

485.311,00 MDL (72.1 m.p.)

Ownership: 100%

legal address of Finpar Invest SRL

construction

2007

5.751.915,00 MDL (543.1 m.p.)

2017

Ownership: 100%

legal address of security organization „Argus-S” SRL

land

2007

610.028,00 MDL (0.059 ha)

2017

Ownership: 100%

legal address of security organization „Argus-S” SRL

construction

2005

9.495.851,00 MDL (779.8 m.p.)

2016

Ownership: 100%

located on the shore of the lake in "Valea Trandafirilor" park

construction

2003

38.315.056,00 MDL (2443.4 m.p.)

Ownership: 100%

„Nobil” Hotel

Investigations

Documents