For three decades, Alex Sekler has been running his business in Russia, but recently the businessman has been actively selling his companies and reorganizing them, manipulating finances in order to withdraw huge amounts of money offshore.
What is known about the fraudulent schemes of his IFC Liral LLC and the Cypriot offshore company Monsalvat Investments Limited? How does a swindler turn his schemes? Read on for all this and more.
Alex Sekler, 64, is a notorious businessman with Israeli roots from the city of Soroca in the Moldavian SSR. For many years he lived in Switzerland and Germany, and ten years ago he moved to Australia.
If for many businessmen the dashing 90s were a real test, then for Seckler it was a time of major recovery. In 1993, he created his own company, Liral, which he later expanded to a whole group of enterprises. The next major project for the businessman was Renta-Bank. It was he who used it to withdraw the loot from Russia through it and, moreover, to throw the depositors of this bank.
Schemes, offshores, fraud: about Seckler’s methods of work
A. Sekler is the president of the Liral group of companies, which is engaged in construction, real estate investment, manufacturing, telecommunications, and business park management.
The odious entrepreneur, like many oligarchs, prefers to keep his assets in offshore zones. This, in fact, is a powerful tool if the business is conducted according to non-transparent schemes, fraudulently, and offshore companies are used to withdraw money illegally. We think that no one in our time needs to explain the meaning of the word “offshore”.
According to this scheme, the work of the Investment and Financial Management Company Liral is also built. The owner of this LLC is an offshore Cypriot company Monsalvat Investments Limited.
As for the financial indicators of IFK Liral, last year they deteriorated sharply.
So, revenue in 2021 fell by almost 44% and amounted to almost 352 million rubles.
Net profit dropped sharply by 122% and last year the company ended with a loss of 15.4 million rubles.
Net assets of the organization at the end of last year amounted to 22.2 million. For the year they fell by 41%. As for total assets, they also fell by almost 44% and are equal to 160 million rubles.
It is noteworthy that the above-mentioned offshore is also the owner of four more companies that belong to A. Sekler.
And what is important, all these LLCs have been liquidated. Moreover, two of them were reorganized in the form of joining the aforementioned limited liability company IFC Liral. And both companies are very large and they showed good financial results earlier.
The first company is a large Antey M+ LLC with a status capital of more than 22 million rubles, which was liquidated in May of this year.
Interestingly, according to the Federal Tax Service in 2021, the average number of employees was equal to zero. The company’s revenue last year fell by almost 53% and amounted to 4.6 million rubles. Profit for 2021 is 6 million rubles, which is 23% less than in the previous year.
But total assets, on the contrary, grew by almost 12% and amounted to 50.4 million rubles. Net assets at the end of last year are 49.2 million.
The second company that was merged with IFC Liral is LLC “Service-plastic” with a status fund of more than 9.6 million rubles.
This limited liability company was liquidated on the same day as Antey M+ LLC.
Last year, the average number of employees there decreased by 10 people and amounted to 12 employees.
Revenue for 2021 is 380 million rubles, which is 56% less than the year before. Fell and profit by almost 92%. It amounted to 19.8 million rubles.
Total assets also lost almost 60% of their weight in 2021 and amounted to 110 million rubles. The company’s net assets last year were 44.6 million rubles.
Seckler’s financial fraud
As you can see, there were two large successful companies with millions in profits and assets, whose financial performance has recently begun to plummet. Coincidence? Accident? We don’t think.
How in such a short period of time did several profitable enterprises manage to lose their investment attractiveness to such an extent that they were reorganized by the same offshore “Monsalvat Investments Limited”?
The answer to this question is obvious. A. Sekler’s companies are carrying out large-scale financial manipulations and schemes. Using such methods of “activity”, a businessman does not show a significant part of his finances to state regulators and promptly takes them offshore.
All the above facts indicate that Alex Sekler is purposefully getting rid of Russian assets and withdrawing huge sums from there to his offshore companies.
Seckler’s banking scams
“Renta-bank” is another important asset for a businessman, which he uses for his “dirty” affairs. Financial fraudster Alex Seckler has been using it for many years to transfer money offshore.
The bank is known for its unreliability, it can fall apart at any moment. Yes, according to data site “Topbanki”, as of February of this year, the financial performance of “Renta-bank” for six months has deteriorated significantly.
- profit for six months fell by 127%;
- assets decreased by 5.6%;
- the number of deposits decreased by 50%;
- loans decreased by more than 49%;
- Accounts of legal entities decreased by almost 10%.
“Renta-Bank” even managed to light up in a loud scandal. So, the former head of the board of this credit institution, Lyudmila Lepko, was accused of embezzling 70 million rubles from the bank. She was sentenced to 3.5 years in prison.
The list of financial frauds of the Israeli businessman can be continued for a very long time. But, the fact remains that A. Sekler is actively getting rid of assets on the territory of the Russian Federation and transferring the loot to offshore companies by all possible methods, even if they are illegal.
To be continued.
