Usmanow Villa at Tegernsee?

Applicant for new building cannot be found – authorities are looking for a “phantom”

Created: 01/12/2023, 19:38

By: Klaus Wiendl

Almost a year ago, the construction companies involved stopped work on the property on Rottacher Forellenstraße, which is attributed to the oligarch Alisher Usmanow.

© Klaus Wiendl/Yuri Kochetkov/dpa

Oligarch Alisher Usmanow commissioned a new villa on Tegernsee.

EU sanctions stopped construction, and it also became problematic for an authority.

Rottach-Egern – The district office of Miesbach would have liked to send the client in Rottach-Egern an official letter about the requested change to the plan.

But the headquarters of a villa attributed to Alisher Usmanow (69) has since been deleted in a tax haven.

Now the authority only has the "public service" in the Official Journal.

Specifically, it is about the only new building of the four villas that investigators assign to the Russian-Uzbek entrepreneur tycoon Usmanow in the Tegernsee valley.

The villa on the lake shore in Forellenstrasse is unfinished.

It will soon be a year since the construction companies involved in the new building, valued at 20 million euros, stopped work.

The reason alone cost 6.2 million of them.

Interim invoices of more than 150,000 euros were no longer paid.

The companies are still waiting for their money.

Usmanov is said to owe companies money – entrepreneur blames EU sanctions

The EU is to blame for this, Usmanow says through his spokesman.

After Putin's war in Ukraine, Brussels put him on the sanctions list in early March and blocked all of his western accounts.

Usmanow's British informants bought the 2,300 square meter lake property in November 2016 through the letterbox company Lakepoint Property Holding Limited (Ltd.), based on the British tax haven Isle of Man.

A Munich notary's office certified the purchase.

The plans were submitted two years later.

A magnificent villa was built on the lake shore with a large underground car park.

Not only is it similar in style to Usmanow's main house on Fischerstrasse on the lake shore, the purchase procedure is also identical.

The builder, in turn, was based in the tax haven.

Back then, in 2011, it was Tegernsee (IOM) Ltd that worked for Usmanow and four years later Lakeview Property.

Three fictional buyers for four properties, with Usmanov as the man in the background.

In the meantime, "this property hasn't belonged to me for a long time because it was transferred to a trust more than six years ago," Usmanow said when asked.

After sanctions were imposed on his family members, "they no longer belong to them either".

According to investigators, the oligarch deliberately concealed his immense assets.

New building in Rottach-Egern: Applicant informed via official gazette

The consequences for the new building in Forellenstraße: "The tektur omission of the east balcony, west balcony larger, garage extension and construction of a second retaining wall in the west" can no longer be delivered.

As a consequence, only the "public service" remained in the Official Journal at the beginning of this week.

According to spokeswoman Sophie-Marie Stadler from the district office, this is done “if all other delivery options are unsuccessful”.

From a formal point of view, a building permit is a decision and may “only be served on the applicant or an authorized representative (e.g. a lawyer).

This is usually not the case in an architectural office”.

However, the way to Usmanow's architects would have been the shortest.

His office is just around the corner in Rottach-Egern.

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Research by our newspaper could provide a clue as to the whereabouts of the untraceable offshore company.

Because the almost identical Lakeview property for the villa in Rottach-Egerns Ganghoferstraße, with players of the same name, moved from the Isle of Man to the county of Essex in England in February 2020.

There, on Cranes Farm Road, in the Capricorn Center, 599 letterbox companies have their headquarters. At least one of them is therefore responsible for the real estate on Tegernsee.

Usmanov assets frozen in numerous countries

Usmanov is said to have proceeded in a similar way at his magnificent country estates near London, as reported by the British edition of the business magazine Forbes.

The 19th-century Beechwood House estate, which covers 11 acres, "Usmanov owns through 'Hanley Ltd.,' an Isle of Man incorporated company," writes Forbes.

Through "Curzon Square Ltd.", he also held shares in a four-storey terraced house not far from Hyde Park until April 6, 2022 - to name just two examples.

Usmanov can now only view his assets, which are valued at three billion euros, on videos.

The villas attributed to him in Croatia, Switzerland, Monaco, Italy and three in Sardinia are frozen, as are those in Britain.

As in the case of Tegernsee, he is not allowed to sell or rent the houses or derive any benefits from them, provided he still has access to them through family members.

All in all, Usmanow is accused of having deprived the German tax authorities of 555 million euros.

He himself replied several times that he had paid taxes in the Russian Federation for his "main investments since 2014".

He therefore sees "no need for double taxation of his income in Germany".