Case study – Meljine
This study shows that the government favored the buyer of the military complex Meljine allowing it to pay the real estate in bonds within a year. The investor was buying bonds on the stock exchange three times lower than the price the government agreed upon during the transaction, thus generating multimillion profits, whereas, on the other hand, it damaged the public interest.
This is also another case in which the state is selling valuable assets, and immediately modifies planning documents which should ensure the new owner enormous profits through construction of buildings and at the same time significantly increase the value of the location itself.
The case also shows that the government tolerates violations of contractual obligations by the investor, which has not suffered any consequences.
Complete case study download HERE (PDF)
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