Politically Exposed Ukrainian Entities
TBM Holdings, Inc
"TBM Holdings, Inc was founded in the state of Nevada, U.S. on January 27, 2004. The authorized capital of this company amounts to $110 thousand US. According to an extract from the State Register of Nevada, the CEO and President of TBM Holdings, Inc is Khristo Kolev, a Bulgarian national (address: 2360, 400 Corporate Circle St., Henderson, NV, 89074-7722). However, in a presentation posted on the official TBM Holdings, Inc website, it is stated that the controlling shareholder of the group is (or has been for some time) Eduard Lozovsky, who has been working as Deputy Chairman of the Luhansk Regional State Administration since April 2010. According to numerous reports in the mass media, Eduard Lozovskyis a close friend and business partner of Oleksandr Yefremov.
Oleksandr Yefremov, Chairman of the Party of Regions, has been using the American holding company TBM Holdings, Inc in Nevada as a front for his business interests. In particular, the U.S. company is directly related to artificial bankruptcy schemes involving the largest industrial enterprises in Luhansk Region. The Bulgarian citizen, Khristo Kolev, CEO of the American company, is involved in the ownership structure of several companies belonging to Yefremov’s Group, which win billion-UAH contracts for public enterprises on the verge of bankruptcy through dubious tender contracts." (yanukovich.info)
TBM Holdings, Inc
Registration address of the company.
TBM Management Limited
Registered in the British Virgin Islands, a subsidiary of the American company TBM Holdings, Inc. Khristo Kolev has been CEO of this company since November 2005. TBM Management Limited was founded in order to control the circulation of funds, coordinate Ukrainian and American legislation and optimize company costs.