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VGM Group

Real Estate

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VGM Group is a Polish real estate development and construction company founded in 2018 and based in Warsaw, owned by Ilya Volakh, working mainly on residential projects in Poland. Through connected entities it has also been linked to residential developments in Belarus, including projects in Minsk, Brest and Kobryn, several of which have faced repeated delays, public criticism, investigations into construction code violations, and one subsidiary fraudulent bankruptcy along with missed bond and interest payments.

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