500 times cheaper. Vice-Governor of St. Petersburg sold the land in Bulgaria for €2,200

500 times cheaper. Vice-Governor of St. Petersburg sold the land in Bulgaria for €2,200

Vice-governor of the Russia's northern capital Vasily Kichedzhi recently sold a company that owns a piece of land in Bulgaria worth of €1.1 million. The deal amounted to just €2.2 thousand. Experts say such a low price tag may speak about the fictitious nature of the transaction and that it's possible that Kichedzhi still secretly runs the company, writes writes ee24.com citing kommersant.ru.

In 2008 the company Inkom Real 2, owned by Kichedzhi, acquired land in Bulgaria with area of 2,424 sq.m, paying for it more than €1.1 million. According to the documentation, construction of a hotel or apartment complex is allowed on this plot.

In 2013 it was prohibited for Russian officials to have bank accounts and other finansial assets abroad, so that Kichedzhi was forced to part with the company and sell it for €2.2 thousand. Thereafter the firm had bought another 535 sq.m of adjacent land in the Bulgarian resort of St. Constantine and Elena.

According to Vice-governor, all the declarations of officials are carefully checked by the prosecutor's office and the Presidential Administration, and his documents contain nothing illegal.

Photo: Kommersant / Evgeny Pavlenko