At first glance, there is nothing remarkable about Gofer Mining plc. It appears to be just another multibillion-pound corporate giant, with London headquarters in Canary Wharf and interests stretching from Tibet to Ukraine.
Its lengthy financial accounts are full of prosaic details about mineral weights, rare metal assets and exploration plans.
Yet the apparently innocuous multinational is not at all what it seems. In fact, it is linked to both a bizarre project to invent a new nation, as well as a very real attempt to seize control of a Ukrainian goldmine.
The case is now being held up as a prime example of how lax rules at Companies House, the UK’s official register of companies, are creating opportunities for potential fraud both in the UK and around the world.
On closer inspection, Gofer Mining has not filed accounts for several years. One of its directors is listed as the “Duke of Commonwealth”. With a little more digging, things take a further surprising turn. That same director also appears to have declared his own country.
The Union State of British Commonwealth, an apparent collection of citizens from countries including Britain, China and Russia, claims to have already issued 10m passports.
Like many jurisdictions, it comes with its own central bank and supreme court. A series of UK MPs and peers are listed among its associates, according to its website. It has its own currency – the Commonwealth pound – and its leader, His Highness the Duke of Commonwealth, is said to have descended from the Greek royal family, as well as a Russian prince, and personally gave about £292bn in assets to the public.
The Union State can be written off as the curious online fantasy of its eccentric founder, known by several names, including Michail Roerich.
However, a detailed analysis of accounts filed at Companies House relating to Gofer Mining, for which he is registered as a director and chief financial officer, suggests something more troubling – namely, evidence those accounts have been falsified.
More concerning still is the revelation that Gofer Mining was involved in a lengthy attempt to seize control of a Ukrainian goldmine, eventually blocked by the Ukrainian courts in 2020.
Those behind the attempt even managed to place an advert in the Times, falsely stating that that Gofer Mining had been formed by Barclays bank and would invest £250m in the mine.
The Observer has learned that in 2019 the British Ukrainian Chamber of Commerce contacted Companies House to warn it about Gofer Mining’s activities in Ukraine. “Those behind this improper takeover are using Gofer’s Companies House listing online,” it wrote.
Campaigners say that the sprawling case highlights how weak checks and a lack of enforcement are allowing suspicious directors and companies to sit undetected for years on the books at Companies House. They compare the UK’s companies register to a “wild west” that makes life easier for potential fraudsters.
“Gofer Mining’s accounts are on another level,” said Dan Neidle, the former senior tax lawyer and founder of the Tax Policy Associates thinktank, who has been investigating the extent of fake companies and falsified accounts lodged at Companies House.
“There’s nothing in the accounts which is definitely an alarm bell, until you get to the auditor. Someone has faked an audit.”
Neidle discovered that Gofer Mining’s most recent accounts were audited by a company called Smith Barclay LLP – a firm that links back to Roerich himself. No trace can be found of the named auditor, James Whitelaw.
Meanwhile, there is no evidence of Gofer Mining’s 4,000 alleged employees. Its Canary Wharf address is also false. Yet despite all this and its involvement in the Ukrainian goldmine case, Gofer Mining remains a live company.
It has not been struck off, despite being an allegedly large multinational whose last filed accounts covered 2019.
In fact, Gofer Mining was found to be associated with a complex network of current, dormant or defunct companies that collectively claim to have billions sitting on their balance sheets or tied up in shares.
Another such business was the now defunct British Technology Bank, which falsely claimed to have been part-owned by the Bank of England.
In 2023, the Financial Conduct Authority issued a warning that it might be providing financial services or products without its authorisation and was targeting people in the UK.
Roerich, one of several Gofer Mining directors, said he owned “less than 1%” of the company and disputed that its accounts had been falsified.
after newsletter promotion
When contacted by the Observer, he stated he and his associates were “the victims, not the attackers” and had lodged a legal action at the European court of human rights.
“You are correct that Gofer hasn’t and never had any tangible footprint in the UK, but you are incorrect that it has no footprint elsewhere,” he said. “It is a company with assets hijacked by criminals.”
To support his case, he provided documents from a body called the “British Office for Ukraine”, which claims to be an “independent nonministerial government department”. However, it is understood that there is no British Office for Ukraine with real links to the UK government.
Labour peer Charlie Falconer, who is listed as chair of one of its committees, had never heard of it and had no association to it.
Asked if he accepted that Gofer Mining’s purported auditor Whitelaw is not, and never had been an authorised chartered accountant, Roerich said: “Yes, I accept, as far as I know.”
He said that Gofer Mining’s alleged auditor, Smith Barclay LLP, was now dissolved and that he had “never signed any documents as an accountant and/or auditor”.
The purpose of creating the Union State of British Commonwealth and its associated central bank and supreme court remains unclear.
Several former and sitting parliamentarians are listed on its website as being among its “people”. One of them is former chancellor Nadhim Zahawi. He confirmed he had “zero knowledge” of it and would be informing “the authorities and my lawyers”.
Neidle said there was a need for proper enforcement of company law, especially around the apparent ease with which false information could be lodged at Companies House.
“The fact that we are such a business centre makes us an obvious target for fraudsters,” he said. “The fact that Companies House is so open and works so well makes it a juicy target – and the lack of controls makes it a juicier target still.
“There needs to be some serious thinking around how to give reassurance that, when you see audited accounts on Companies House, the auditor exists and has a licence. Right now, it’s a wild west – and it doesn’t have a sheriff.”
Companies House said it took allegations of fraud against the register seriously and that “all allegations are fully investigated”. They said the body was already using new powers that came into force last year to “crack down on the misuse of the register by querying information provided by companies”.
“Where incorrect, suspicious, or fraudulent filings are made, we will take appropriate action,” they said. “We proactively share information with other relevant government agencies and law enforcement.
We are developing systems and processes to enable more checks to determine the accuracy of information delivered to us before it is placed on the register.
“We will introduce compulsory identity verification checks for new and existing directors (and equivalents), people with significant control, as well as those filing information with Companies House.
“This will provide greater assurance regarding who is setting up, running, owning and controlling companies in the UK and make creation of anonymous corporate structures that facilitate crime, corruption and fraud far more challenging.”
Source link