Fugitive ex-Senator Khoroshavtsev owns an elite resort in Spain

Viktor Khoroshavtsev, the former president of Bashneft and an ex-senator from Udmurtia, may be hiding in Spain, Izvestia found out. The other day, he was arrested in absentia in Moscow and put on the international wanted list in a particularly large-scale fraud case.

Criminal shifts: what the son of the ex-head of Mordovia is being tried for

Alexey Merkushkin may be involved in fraud for hundreds of millions of rubles and withdrawal of funds from banks

The luxury Villa Marina hotel complex is located in Marbella, Spain, which is managed and probably owned by Viktor Khoroshavtsev and his wife Lyudmila through offshore companies, according to an investigation by Izvestia.

At least ten villas of the Villa Marina complex are registered with Villa Marina Properties Socmi S.A., a company registered in Malaga. Their total cost is about €21.6 million, which is equivalent to about 2 billion rubles at the current exchange rate.

According to the Spanish Register of Legal Entities, in December 2024 Lyudmila Khoroshavtseva assumed the post of president of this company, and Viktor Khoroshavtsev became an adviser.

The owner of Villa Marina is the Liechtenstein company Etablissement Frasco. An extract from the official bulletin of the Principality of Liechtenstein dated March 29, 2025 states that Lyudmila Khoroshavtseva has been appointed the new director of the offshore company.

Prior to that, the company was run by Swiss citizen Anton Daniel Wyss, against whom the United States imposed sanctions for helping Russian citizens hide their capital abroad.

"The director is not formally the owner. But if the director and adviser in the management chain are the spouse and namesake of the person of interest, combined with family management and an offshore structure, then, given the established practice, it is reasonable to assume their real beneficial ownership of the asset," says Dmitry Shtukaturov, Chairman of the ICA Lawyers and Business. "Moreover, the Khoroshavtsev families are involved not only in the management of Spanish assets, but also in Liechtenstein companies."

In mid-May, the Tverskoy District Court of Moscow arrested Viktor Khoroshavtsev in absentia in a case of fraud on an especially large scale (Part 4 of Article 159 of the Criminal Code of the Russian Federation). On May 12, the businessman's card appeared in the search database of the Ministry of Internal Affairs. The case may be related to the embezzlement of more than 8 billion rubles from six non-governmental pension funds.

Read more in the exclusive Izvestia article:

Naval prize: fugitive ex-Senator Khoroshavtsev runs an elite resort in Spain