Press release FreezeOil on illigal activities of Biba (ENG)

Press release I
Amsterdam, the Netherlands
11:30 pm, March 21, 2018
The FreezeOil Fund (“FreezeOil” or the “Fund”) – a Dutch investment foundation, today
reports on attack on its assets and the new course of actions in its activity in Ukraine.
According to official web page of the Ministry of Internal Affairs of Ukraine Mr.Andrei Biba
was announced in a criminal search in connection with accusation in his illegal activities. In
addition to this there are certain facts of his crimes that were highlighted by mass media.
Among those there is tax evasion, money laundry, and illegal production of counterfeit
products and theft of intellectual property. Additionally there are damages in extremely large
scales and safety standards violation, which led to multiple human casualties. It came to
attention of the management of the Fund that some of these activities were conducted by
Mr.Biba via his organized crime group, which operated several fuel trading companies in
Ukraine. Some of these entities are currently occupying assets of the Fund under cover of
long-term rental agreements.
After the Fund attempted to discontinue these contracts based on a good reason of
misconduct and illegal misusage Mr.Biba started a devastating attack. At this very moment
there is an illegal change in corporate rights and a change of directors conducted in the
companies owning 63 fueling stations that are belonging to the Fund. Illegal registration
actions are made by Mrs. Tretyak Tatyana Vasilievna – the official state registrar of the
Communal enterprise at the Malomikhailovsky village council of Pokrovsky district of
Dnepropetrovsk region in Ukraine (physically, she is most likely stationed at a safe-house in
Kiev). Notably, that per a special request of the Fund, corporate rights were protected by
arrest in the framework of the criminal case – the relevant decision of the Court was
entered in the register. By Law this does not allow for any change. However, the decision of
the Court was not an obstacle for a corrupt official. It became obvious now that all police
charges against Biba were absolutely justified
. Through his associates, with forgery of
documents and with the assistance of corrupted officials of the state registration and notaries
he re-issues the rights to the assets of a foreign Fund.
Our Fund has zero tolerance toward these actions of Mr.Biba.
The Fund now officially starts legal procedures against Mr.Biba personally, his collaborationists
and his companies that are raiding assets of Freezeoil. We intend to prosecute him in his asylum in Italy with assistance of local police forces. The Fund will also seek for assistance
from National Anticorruption Bureau of Ukraine (NABU) and State Prosecutor General on the
obvious facts of illegal rights register manipulations. We also intend to involve authorities of
European Commission and Europol.
Any ongoing contracts between subsidiaries of Freezeoil and any affiliated entities of
Mr.Biba will be stopped. Full access will be granted to police forces and investigation units
to collect evidence of Mr.Biba’s illegal activities.
Ukrainian Chain “BRSM-Nafta” – is a Ukraine national chain of fueling stations currently
controlled by Mr.Biba via his local companies. The chain was founded in 1995. Some stations
are in sole ownership of Biba, others (appx.40%) are rented from third parties, including
subsidiaries of Freezeoil. The operator and the whole chain are currently under several
investigations and some of the assets are arrested by Ukrainian police and Courts.
FreezeOil Fund
FreezeOil Foundation is a Dutch-based holding company established for the purpose of
investments in the emerging Eastern European energy markets. Besides of other special
purpose vehicles of Mr. Roland Pieper (advanced technologies, telecommunications) FreezeOil
is organized for the Ukraine in particular. Mr. Roland Pieper is a well-known international
entrepreneur, operating in the USA, CIS countries, China and Europe, who believes that
success of investments is not granted by only being able to inject right amount of funding but
also about the transfer of new knowledge and management skills.
FreezeOil controls several subsidiaries that own fuel stations in Ukraine. In 2016, these
stations were transferred into a long-term lease to a group of companies operating under
BRSM-Nafta brand and controlled by Mr. Biba. In 2017 pperations with corporate rights for
Freezeoil assets were purposefully banned by a decision of Ukrainian Court to protect against
potential illegal actions.
Web page of the Fund:
Contact in the Netherlands:
Perlita Fränkel
T: +31 (0)6 546 85 192
Legal disclaimer
Some of the information in this press release may contain projections or other forward-looking
statements regarding future events or the future financial performance. You can identify forward looking
statements by terms such as “expect,” “believe,” “anticipate,” “estimate,” “intend,” “will,” “could,” “may”
or “might” the negative of such terms or other similar expressions. We wish to caution you that these
statements are only predictions and these actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or
to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ
materially from those contained in our projections or forward-looking statements, including, among
others, general economic conditions, our competitive environment, risks associated with operating in
Ukraine, rapid technological and market change in our industries, as well as many other risks specifically
related to BRSM-Nafta and its operations.
This document does not constitute or form part of any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, any shares or other securities of FreezeOil or BRSMNafta
or any of their respective subsidiaries or affiliated companies, nor shall any part of it nor the fact
of its distribution form part of or be relied on in connection with any contract or investment decision
relating thereto, nor does it constitute a recommendation regarding the shares or securities of FreezeOil
or BRSM-Nafta or any of their respective subsidiaries and affiliated companies.