What is known about the companies that may be connected to the fraudster Konstantin Sintsov? How do they move billions of rubles offshore? What links the controversial businessman to Iskander Makhmudov and the Izmailovo organized criminal group? What are law enforcement agencies investigating?
Konstantin Sintsov is a Russian businessman born in 1971 in the Kemerovo region. He used to be a professional athlete and now co-owns the RusTransCom and RTK railway group.
Konstantin Sintsov is an associate of Iskander Makhmudov, and was targeted by the Spanish prosecutor's office in 2011. collected There is proof that he was involved in serious crimes of the Izmailovsky organized criminal group.
It's possible that Sintsov himself was part of this criminal group. This assumption is based on his involvement with the Swiss company Alpin Group, which is believed to have been involved in the Izmailovsky criminal group's schemes. But we won't go into these schemes and complexities now. Much has already been written about how Sintsov, along with I. Makhmudov, could move the money offshore through a series of companies using established methods.
Today we'll explore the companies linked to Sintsov and where he may be conducting financial fraud with his associates.
Which companies is Konstantin Sintsov connected to?
Interestingly, all companies where Sintsov was directly listed as the head or founder have been dissolved, including through restructuring. There are 7 such companies.
What is known about RusTransCom LLC?
Four years ago, VTB and RusTransCom agreed to sell half plus one share of RusTransCom to A. Kostin's bank. A year ago, Demetra-Holding, which united Kostin Bank's entire grain asset, consolidated RusTransCom's railroad assets. These include RusAgroTrans and TransLes.
However, in February this year, RBC reported that VTB Bank, which was sanctioned by the US and UK, no longer led Demetra-Holding's grain business. VTB now only holds 45% of the shares.
RusTransCom LLC – A company with a capital of 3.7 billion rubles has undergone reorganization several times, transitioning from LLC to JSC and back to LLC. Its parent company is offshore in Cyprus, making it hard to trace. There are suspicions that the management's actions are aimed at concealing financial fraud by siphoning funds.
Previously, Sintsov's name was on the list of founders, but it no longer appears directly in any documents. It seems like a cover-up, making it hard to prove anything.
The main person who created and owns it is Quesar Holdings LLC. Before, they were a member of the starting team Cyprus offshore company with limited liability “RTK Limited”.
The amount of people employed last year was 131. The income for 2021 was 1.1 billion rubles.
All possessions for the last year are 9.8 billion rubles, which is 2 billion less than a year ago. Also, a financial measure called the current liquidity ratio fell significantly. If in 2020 it was 9.3 at a rate of at least 1.5-2 and above. Then last year it was 0.9.
Concerning Quesar Holdings LLC with a status fund of 210 million rubles, which is now listed as the founder of RusTransCom LLC, then there are several notable facts that deserve close attention.
First, the company’s income for 2021 was 18.4 billion rubles. And even though in 2020 there was no income at all. Second, according to the Federal Tax Service, the company has no employees at all. Also, the company’s possessions grew by more than 54% over the year. And the total possessions of the organization soared by 118% and amounted to 60.6 billion rubles.
It turns out that the company without employees earned 18.4 billion rubles for the year, and also increased its total assets by almost 33 billion rubles. How do you like that? Although such a phenomenon is easy to explain, if this company is used for financial fraud and withdrawal of money …
The main person who created and owns it is Demetra-Holding LLC.
An interesting mix is obtained. Let’s figure it out.
What is known about Demetra-Holding LLC
“Demetra-Holding” – a company with a status capital of 455 million rubles. The average amount of people employed last year was 56.
Income for 2021 increased by almost 6 times and was 6 billion rubles. Total possessions, in turn, grew by almost 35% and amounted to 136 billion rubles. Profit last year increased by more than 15 times, and is equal to 4.3 billion.
Why such huge positive financial shifts of 600%, 1500%? Also financial schemes involving Sintsov?
We move on. The railway possessions of RusTransCom include the companies RusAgroTrans and TransLes. Now more about them.
What is known about RusAgroTrans and TransLes
RusAgroTrans – a joint-stock company with a status fund of 8.4 billion rubles. The head is the managing organization Demetra-Holding Management Company LLC, the founder of which, in turn, is Demetra-Holding LLC.
Income for last year was 32.3 billion. The total shares of the organization grew by almost 8% and are equal to 54.7 billion. Profit for 2021 was 2.3 billion rubles.
“TransLes” – LLC with a status capital of 3 million rubles. Here is the same situation. The head is the managing organization “MC Demetra-Holding” LLC. The average amount of people employed for the last year was 148.
Income for 2021 was 8.3 billion. For the year it has grown by more than 7%. Total possessions are 6.3 billion. Last year’s profit was 1.7 billion rubles and grew 5.4 times.
P.S.
This is not a complete list of companies with multibillion-dollar profits and assets, with which the odious businessman Konstantin Sintsov may not be directly connected. How much money the swindler and his accomplices withdrew from the country’s budget over the past years is an open question.
To be continued.
