ARMA creates rules for the Chosen Ones: the expert hinted at manipulations with the criteria of the competition for a manager for the Gulliver shopping center

ARMA creates rules for the Chosen Ones: the expert hinted at manipulations with the criteria of the competition for a manager for the Gulliver shopping center

Kyiv  •  UNN

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ARMA creates rules for the Chosen Ones: the expert hinted at manipulations with the criteria of the competition for a manager for the Gulliver shopping center.

"Narrow" criteria for participants in the competition for a manager for the capital's Gulliver shopping center, written out by the agency for asset search and management, can be a tool for providing an advantage to a pre-determined manager. This opinion was expressed in an exclusive comment to UNN by security expert Sergey Shabovta.

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On October 30, ARMA announced a competition to select a manager for the Gulliver shopping center. The head of the agency Elena Duma proudly statedthat she approached the selection of the manager of this high-profile asset as strictly as possible and even set the maximum possible 4 criteria for candidates. Among the conditions that the contest participants must fulfill are the property status with a total value of at least UAH 100 million, a professional team, proven experience in managing similar facilities and confirmed financial viability.

Expert Sergey Shabovta harshly criticized the activities of ARMA and the competition for the selection of a manager for the shopping center.

"ARMA is a criminal organization of the authorities. I am convinced that such competitions prescribe such conditions in order to select an absolutely accurate and already known and real person for the manager. It is under this person that the rules are prescribed," he said.

In his opinion, the criteria, such as the financial requirement for the manager of 100 million hryvnias, look fictitious and unjustified.

"Experience, professionalism - here OK, but what is this 100 million? Why not 200? Everything that Arma does is a crime against the Ukrainian people and the budget. ARMA is a criminal organization that was deliberately created by the Ukrainian authorities. No one blindly uses the ARMA management. He does everything in advance, understanding the consequences of his actions," Shabovta is convinced.

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In addition, when announcing the competition, the agency for asset search and management did not take into account the fact that the building of the Gulliver shopping center is collateral for a mortgage loan in state - owned banks, including Oschadbank. However, among the criteriaissued by Arma , there is not a single mention of the need to pay the loan.

Oschadbank has repeatedly stated that the decision to transfer Gulliver to ARMA harms the interests of the state bank, because it will deprive it of loan payments from the company that owns the capital's complex .Non-compliance by Oschadbank, revenues due to the termination of loan payments may reach more than UAH 20 billion.

After the announcement of the competition, Deputy Chairman of the Board of Oschadbank, responsible for working with NPL , Arsen Milyutin in a comment to UNN statedthat the State Bank plans to recover in its favor the building of the capital'S Gulliver shopping center, if ARMA transfers it to management. He expressed outrage that instead of paying off the loan to state-owned banks, Gulliver's earnings will be given to an "incomprehensible manager.

Only after that, and under public pressure, ARMA representatives decided to meet with Arsen Milyutin, Deputy Chairman of the Board of Oschadbank responsible for working with NPL, to discuss issues of managing the seized asset that affect the interests of the state bank in terms of paying off loan debts. As expected, it was not possible to reach a consensus at the meeting and the parties agreed to "continue cooperation". Milyutin saidthat at the meeting in Arma , they promised to once again "investigate in detail" the relevant regulations for the possibility of including payments to creditor banks in management costs. However, it is worth noting that Arma's rhetoric has not changed dramatically after this meeting – they continue to justify that the current legislation does not allow the agency to become a creditor or debtor in the obligations of the asset owner.