Alfa/Alpha Group Consortium – Background

  

Alfa Group Consortium is a privately owned Russian investment group with interests in oil and gas, banking, insurance, telecom, utilities, etc. The Consortium was founded in 1989 by Mikhail Fridman. Key leaders also include German Khan, Alexei Kuzmichov, and Petr Aven. Wiki

Alfa Bank JSC was founded by Russian Mikhail Fridman in 1990. It is the largest private commercial bank in Russia. Wiki

Oleg Govorun worked as Deputy Head of Department for Relations with Public Authorities at Alfa-Bank prior to becoming Deputy Chief of Territorial Administration of the President of the Russian Federation in 2000. Govorun has become one of the top senior officials within the Russian government. Wiki

In March 2013, Alfa owned a 1/4 stake in TNK-BP, and gained $14 billion when Rosneft purchased TNK. In June 2013, Alfa Group announced investments of upwards of $20 billion in global oil and gas projects through a new L1 Energy Fund run by German Khan. The fund was planned to invest the bulk of Alfa’s proceeds from the sale of TNK-BP. Source

Steele Dossier:

Mutual leverage: The Alpha Group of businesses (Russian oligarchs) held ‘kompromat’ on Putin (then deputy mayor of St. Petersburg) and his corrupt business activities from the 1990s. Putin gained pressure to use over the Alpha Group in relation to Alpha’s failure to reinvest into the Russian economy the proceeds they received from the sale of their TNK oil company.

In the 1990s, Oleg Govorun (future Russian Presidential Administration official) was Head of Government Relations at Alpha, and was Alpha’s “driver” and “bag carrier” for delivery of large amounts of illicit cash to Putin.

Putin is currently on very good terms with the Alpha Group of businesses led by Russian oligarchs Mikhail Fridman, Petr Aven, and German Khan. Alpha provides political favors for Putin (including giving Putin informal advice on foreign policy, especially about the US), and Putin provides business/legal favors for Alpha.

Comments/Corroboration of Steele Dossier

The allegations about Putin’s leverage against Alfa appear plausible. Alfa’s leverage against Putin possible, not researched to confirm. The relationship with Alfa, and in particular, Alfa Bank, are potentially relevant to the later-discussed allegations about secret communication between an Alfa Bank server and a Trump Organization server.

See Also: