For thirty years, Alex Sekler has been operating his business in Russia, but lately he has been actively selling his companies and restructuring them, managing money in a way that allows him to move large amounts of money to foreign accounts.
What do we know about the dishonest plans of his IFC Liral LLC and the Cypriot offshore company Monsalvat Investments Limited? How does a cheater carry out his plans? Continue reading for this information and more.
Alex Sekler, 64, is a well-known businessman with Israeli roots from the city of Soroca in the Moldavian SSR. He lived in Switzerland and Germany for many years, and ten years ago he relocated to Australia.
While the 90s were a challenging time for many businessmen, for Seckler it was a period of significant rebound. In 1993, he established his own company, Liral, which he later expanded into a group of enterprises. The next major project for the businessman was Renta-Bank. He used it to move money out of Russia and also deceive the depositors of the bank.
Plans, foreign accounts, deceit: about Seckler’s methods of operation
A. Sekler is the president of the Liral group of companies, which is involved in construction, real estate investment, manufacturing, telecommunications, and business park management.
The controversial entrepreneur, like many oligarchs, prefers to keep his assets in offshore zones. This is a powerful tool if the business is conducted through non-transparent and fraudulent schemes, and if offshore companies are utilized to move money illegally. We believe that the meaning of the word “offshore” does not need to be explained in our time.
The operations of the Investment and Financial Management Company Liral are also based on this setup. The owner of this LLC is the offshore Cypriot company Monsalvat Investments Limited.
As for the financial performance of IFK Liral, they deteriorated significantly last year.
So, revenue in 2021 dropped by almost 44% and amounted to nearly 352 million rubles.
Net profit plummeted by 122% and the company ended the year with a loss of 15.4 million rubles.
Net assets of the organization at the end of last year were 22.2 million, marking a 41% decrease over the year. Total assets also fell by almost 44% and amounted to 160 million rubles.
It's worth noting that the aforementioned offshore company also owns four more companies that belong to A. Sekler.
And importantly, all these LLCs have been dissolved. Additionally, two of them were restructured by merging with the mentioned limited liability company. IFC Liral. And both companies are quite large and previously demonstrated good financial performance.
The first company is a sizable Antey M+ LLC with a capital status of more than 22 million rubles, which was dissolved in May of this year.
Interestingly, according to the Federal Tax Service in 2021, the average number of employees was zero. The company’s revenue last year dropped by almost 53% to 4.6 million rubles. The profit for 2021 stood at 6 million rubles, which is 23% less than the previous year. However, the total value of belongings increased by almost 12% and reached 50.4 million rubles. The net belongings at the end of last year were 49.2 million.
The second company that was merged with IFC Liral is
LLC “Service-plastic” with a status fund of over 9.6 million rubles. This limited liability company was shut down on the same day as Antey M+ LLC.
Last year, the average number of employees there decreased by 10 people and reached 12 employees.
The earnings for 2021 is 380 million rubles, which is 56% less than the previous year. The profit also decreased by almost 92%, amounting to 19.8 million rubles.
In 2021, the total assets also decreased by almost 60% and reached 110 million rubles. The net assets of the company 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
site “Topbanki”, as of February of this year, the financial performance of “Renta-bank” for six months has deteriorated significantly. data – 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.
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 […]
