A partner of the law firm affiliated with Cyproservus, Pavlina Constantinides, made the following statement:

Due to professional ethics I am not in a position to provide to any third party any information on Ravica Holdings Limited (the “Company”) unless I receive our clients’ authorisation in this respect.

As of this writing, Ravica Holdings hasn’t authorized any disclosures. When asked for more specific information on the type of services Cyproservus provides and for how many companies it acts as a shareholder, Constantinides said, “we are unable to assist you any further in this matter.”

Interview with Phi Energy CEO

The CEO and additional shareholder of Phi Energy, Ennio Senese exchanged messages with this reporter over the course of a couple weeks. Many of his comments were provably false based on corporate documents filed with the UK Companies House, and other open-source information. Senese denied any Russian involvement in the company.

When asked for information about Ravica Holdings, Senese said, “Ravica wasn’t a shareholder of Phi when I was there.” In truth, however, Ravica and Senese were two of the three shareholders in Phi Energy as of February 2015, and that remained true until the day the company was dissolved.

When given another opportunity to explain his relationship with Ravica Holdings days after the first messages were exchanged, Senese stuck to his original proclamation, “I was the CEO of Phi and Ravica was not in play… I was the CEO from inception until Jan 2016 more or less. Ravica was never involved.”

After the Russian translator confirmed his work for Phi Energy, this reporter reached out to Senese again and asked, “Why did Phi hire a Russian translator?” This time, Senese was more blunt with his response, “We didn’t.”

When shown proof that Ravica Holdings was indeed involved when he was CEO and shareholder, Senese said he had “no clue… Also, quite frankly, I don’t care about it either.” Senese gave the name of a Danish businessman who he said was behind a Cyprus LLC that was involved in Phi Energy, though he didn’t believe this was the same entity as Ravica Holdings.

Senese was then shown the work of the Russian translator, who he denied hiring. The ex-CEO of Phi Energy said, “I don’t remember this,” though he later confirmed that he wrote the English half of the translated investment teaser.

Phi Energy was also registered in the Netherlands, where Senese resides. To avoid any possible confusion about the role of Ravica Holdings, company documents for the Dutch company were reviewed and confirmed that the UK company was the parent group.