“Signal Peak is technically owned by 2 shell companies…that obscure the fact that they are controlled by a trio of out-of-state corporations. What’s more, he was stunned to learn, those corporations are embroiled in their own scandals.” nytimes.com/2023/01/13/cli…
“One is FirstEnergy, the Ohio-based utility that invested $400 million…with the investment firm Boich Group. In 2021, the company admitted to funneling tens of millions of dollars in bribes to state legislators and regulators to advance a $1 billion bailout …”
“Mr. Boich has also been implicated in the case…he made substantial donations to the dark money organization at the center of the scandal. He has not been charged with any crime.“
“The 3rd owner is the Gunvor Group, a multinational trading company formerly co-owned by Gennady N. Timchenko, a Russian billionaire and confidante of Mr. #Putin. Signal Peak is the only coal mine owned by Gunvor…”
lFor years, US Treasury maintained that Mr. #Putin held investments in Gunvor and may have had access to #Gunvor funds. After #Russia invaded Crimea in 2014, the State Department placed sanctions on Mr. Timchenko and he announced that he had sold his interest in the company.”
“There’s a history of companies creating shells, and the owners walking away, leaving taxpayers to pick up the mess,” said Anne Hedges, a director at the Montana Environmental Information Center… “And they’ve all already operated like they’re above the law.”
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