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    NVTK   RU000A0DKVS5

NOVATEK JOINT-STOCK COMPANY

(NVTK)
  Report
End-of-day quote. End-of-day quote Moscow Micex - RTS - 10/27
1817 RUB   -0.60%
10/27Novatek's Q3 Profit Surges On Rising Oil Prices
MT
10/27NOVATEK Announces Consolidated IFRS Results for the Third Quarter and the Nine Months 2021
PU
10/27Novatek 3Q Net Profit Rose Significantly
DJ
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Novatek Joint Stock : Senior manager of Russia's Novatek arrested in U.S. on tax charges

09/23/2021 | 05:10pm EDT
FILE PHOTO: Gyetvay of Novatek speaks in Moscow

MOSCOW (Reuters) - Mark Gyetvay, a deputy head of Russian natural gas producer Novatek, has been arrested in the United States on tax charges related to $93 million hidden in offshore accounts, the Department of Justice said on Thursday.

It said a federal grand jury in Fort Myers, Florida, returned an indictment on Wednesday charging Gyetvay, a Florida businessman, with defrauding the United States. Gyetvay holds passports https://www.reuters.com/article/us-russia-sanctions-novatek-idUSKCN1UH1PL from both the United States and Russia.

According to the indictment, from 2005 to 2016, Gyetvay allegedly engaged in a scheme to defraud the United States by concealing his ownership and control over substantial offshore assets and by failing to file and pay taxes on millions of dollars of income.

Gyetvay, who sat on the board of Novatek's directors and was its chief financial officer from 2003 to 2014, did not return phone calls. Novatek declined to comment.

Beginning in 2005, Gyetvay allegedly opened the first of two different Swiss bank accounts to hold these assets, which at one point had an aggregate value of over $93 million, the Department of Justice said.

Gyetvay was appointed Novatek's deputy head of management board in July 2010.

He was scheduled to appear in court on Thursday before U.S. Magistrate Judge Douglas Frazier of the U.S. District Court for the Middle District of Florida.

He faces a lengthy prison sentence if convicted of the charges.

(Reporting by Vladimir Soldatkin in Moscow; Editing by Matthew Lewis)


ę Reuters 2021
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Financials (USD)
Sales 2021 15 114 M - -
Net income 2021 5 287 M - -
Net Debt 2021 1 074 M - -
P/E ratio 2021 15,4x
Yield 2021 3,14%
Capitalization 76 769 M 76 769 M -
EV / Sales 2021 5,15x
EV / Sales 2022 5,14x
Nbr of Employees -
Free-Float 97,9%
Chart NOVATEK JOINT-STOCK COMPANY
Duration : Period :
Novatek Joint-Stock Company Technical Analysis Chart | NVTK | RU000A0DKVS5 | MarketScreener
Technical analysis trends NOVATEK JOINT-STOCK COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 255,90 $
Average target price 250,09 $
Spread / Average Target -2,27%
EPS Revisions
Managers and Directors
Leonid Viktorovich Mikhelson Chairman-Management Board & Executive Director
Mark Anthony Gyetvay CFO & Deputy Chairman-Management Board
Alexander Yegorovich Natalenko Chairman
Sergey Vladimirovich Vasyunin Director-Operations & Deputy Chairman
Viktor Petrovich Orlov Independent Director
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