By John Helmer, Moscow
This is the Bangsamoro banana, and somebody is slipping on it.
On April 4 two young business partners, a Russian named Lev Dengov and a Turkmen, Merdan Gurbanov, with no known source of capital or past business record, signed an agreement to invest almost $600 million in the Bangsamoro region of the Philippines island of Mindanao. Their agreement commits them to creating one of the largest plantations on the island to grow bananas and pineapples for export; the development of the regional port of Polloc for storing and shipping the fruit; and the supply of Russian fertilizers to Filipino planters.
Presiding at the agreement signing was Emmanuel Piñol, the Agriculture Secretary and minister in charge in the Philippines Government. Two weeks later, Piñol publicized the extraordinary deal to the Russian press. Since then, however, he refuses to say how the deal was arranged; where the money will be coming from; and how the investment will be protected in an area which has been a battleground between government forces and Islamic secession movements for the past fifty years.
Dengov and Gurbanov have also gone incommunicado, leaving behind them a trail of plans for corporate registrations around the world, a six-month old company on the register of UK Companies House; and a prospectus for a $400 million investment in a self-service crypto-currency payment system in Russia and the CIS states.
Planters Products Incorporated (PPI), the Filipino fertilizer importer which signed in the deal with Piñol, Dengov and Gurbanov, has cut off its telephone line; its executives don’t answer their emails.
Five of the leading banana importers to Russia, which source most of their fruit from Central and South America, won’t say what they know about the Bangsamoro Banana project, or even if they think a new scheme of importing bananas and pineapples from the Philippines might be commercially viable at any price. (more…)























