Swire has a dormant company (Eaglesham Investments) owned 50/50 with his friend Lord Barker, a former energy minister. It was originally described as being a vehicle for “emerging markets” but is now described as being for “renewable energy”.
Given recent developments involving Lord Barker, he and Swire pmight want to consider a change of name for the company – having an association with the eagle (symbol of the Russian Federation) and “sham” (dictionary: “something that is not what it purports to be; a spurious imitation; fraud or hoax” (online distionary.com) might not be such good PR!
Lord Barker is Chair of a UK-based Russian company set up by Russian oligarch Oleg Deripaska.
Owl reported the links between Deripaska and Barker recently:
“… Among the UK-based companies that have aroused the interest of congressional investigators is EN+, the energy company owned by Oleg Deripaska and chaired by Tory peer Lord Barker of Battle.
Mr Deripaska, a close ally of Mr Putin, is already under investigation from congressional committees over allegations, which the oligarch denies, that he was involved in efforts to interfere with the 2016 presidential elections.
Recent documents released by the FBI revealed Mr Deripaska loaned $10 million to Paul Manafort, Donald Trump’s campaign manager, who has been charged with fraud and money-laundering. Mr Deripaska is one of several Russian oligarchs who were hit with U.S. sanctions in April.
Now US investigators say they are interested in apparent links between British-based companies owned by Russian oligarchs and Russian intelligence agencies.
Their interest in EN+ comes after FBI officers identified Evgeny Fokin, who is the company’s Director of International Cooperation, as formerly being the SVR’s declared liaison officer with U.S. intelligence agencies in Washington DC in the mid-1990s.
Apart from being employed by EN+, Mr Fokin, who is said to be a close ally of Mr Deripaska, has previously been employed by Basic Element, another company owned by Mr Deripaska.
“There is particular concern in Congress about the links between Russian businesses owned by oligarchs and the Russian intelligence agencies,” a U.S. official told the Daily Telegraph.
“There is concern about the large numbers of former Russian intelligence officers who now hold senior positions in major Russian businesses.
“There are growing suspicions in Congress that the distinction between the Russian state and businesses owned by Putin’s supporters may be on paper only.”
Lord Barker, a former energy minister under David Cameron, provoked criticism from MPs earlier this year after he helped EN+ raise £1 billion on the London Stock Exchange, money that was then used to pay off Russian banks subject to U.S. sanctions.”
Mr Deripaska hit the headlines again this weekend when Donald Trump made good on his promise to make Mr Deripaska’s business life in the USA much easier as reported here:
“President Donald Trump officially lifted sanctions against Russian oligarch Oleg Deripaska on Sunday afternoon. At least one reporter is wondering if it’s because Trump is hoping the news will slip through the cracks of the news cycle.
As Sen. Kamala Harris (D-CA) was taking the stage in Oakland, California to formally announce her presidential campaign, the news was released Trump made Deripaska’s life easier.
“Ukraine-/Russia-related Designations Removals,” reads the headline on the Treasury Department’s sanctions site.
“The timing of this (Sunday evening) is not a coincidence,” said behavioral scientist and ArcDigi associate editor Caroline Orr. “This is a huge gift to Putin and his cronies, and the Trump administration is hoping this will slip through the cracks. Don’t let that happen.”…