Another one Moldovan businessman was mentioned in Panama Papers is, according to the Rise Moldova, Gheorghe Nicolaiescu, the Moldovan telecommunications businessman, who is connected with some Moldovan public figures: the former Prime Minister Chiril Gaburici, the actual head of the Central Election Commission’ sister, but also with some people of Vladimir Plahotniuc’s retinue.
The Nicolaiescu-Plahotniuc connection
In 2008-2009 period, Nicolaiescu was the CEO of the Local Media LLC, which became the property of the OTIV Media Prime (associated with Plahotniuc) through transactions between some offshore companies. At that time, the OTIV Media Prime was represented by the current President of the Parliament Andrian Candu.
The Local Media activity was connected with the Democratic Party: the company had provided the outdoor advertising services worth over 270 000 lei for them in 2014. We remind you, that Candu and Plahotniuc are members of this party.
Nicolaiescu as a businessman had contacts in Romania, where he is associated with Dorin Pavelescu who is an intermediate from the Plahotniuc’s retinue. They both are partners in the company Stretch Design LLC, their business relationship was also connected with the Vin LLC and the Megapolis Advertising LLC.
The Pavelescu – Candu connection
In November 2010, the company Media Production LLC, owned by the Media Resources LLC and represented by Dorin Pavelescu, was sold for 3.5 million euro to the OTIV Prime Media BV, represented at that time by Candu.
Pavelescu, who is currently managing the Casa Media Plus, which has the exclusive right for advertising on the Publika TV, the Prime TV, the 2 Plus, the Canal 3, the N4 and other broadcasters.
The Casa Media Plus is also owned by the OTIV Prime Media BV. This company owns the Publika TV, the Prime TV and the Canal 3 and Plahotniuc officially is the final beneficiary of those 3 TV-channels.
Pavelescu is also mentioned as the 100% shareholder of the Real Radio LLC, which owns the TC - CTC Moldova and Super TV channels. Both of them had been bought by Plahotniuc in January 2016.
The Nicolaiescu-Gaburici connection
In Moldova Nicolaescu is the 100% shareholder of the telecommunications company the KVK-Moldova. Since 2012, when the former Prime Minister Chiril Gaburici was the CEO of the Moldcell, the KVK-Moldova was a distributor and a partner of the company.
Another Nicolaescu's business is the M-Docs LLC, where he owns 34% of the social capital. The former PM Gaburici appears there as an associate with the 33% of capital. Both of them are associate with Liliana Iliescu, who owns 33% of company’s capital. She is the sister of Iurie Ciocan, the head of the Central Election Commission.
Nicolaiescu sold an 130 sqm apartment in the center of Chisinau to Vasile Gaburici – the father of the former Prime Minister, in 2011.
Nicolaiescu and his offshore companies
Gheorghe Nicolaescu with the help of the law firm Mossack Fonseca registered two offshore companies: Framelight Limited and Safeline Limited in 2011.
Both companies provide services for the mobile operators worldwide and telecommunications consulting. According to the RiseMd, both companies activate in UK, Israel, Hong Kong, Republic of Moldova and the USA.
The RISE Moldova’s journalists learned that Nicolaescu used the Framelight Limited to create the Giness Limited, registered in the UK. The company presents itself as technology developer and mobile telecommunications services provider; it has a contact address, including Moldova.
The investigation was done by the Rise Moldova as a part of the global #PanamaPapers investigation. More documents confirming the article information can be found on the rise.md.
From 9 May 2016, the Mossack Fonseca’s documents can be accessed by any Internet user here.