.An obscure firm that posted Russia's third-highest revenue in only one year has vanished as inexplicably as it seemed, depending on to a brand new fact-finding file due to the journalist RTVI.Banknota LLC, enrolled in June 2023, stated 3.7 trillion rubles ($ 40.4 billion) in earnings and 3.4 mountain rubles ($ 37.1 billion) in net income in 2014 -- or regarding 8.5% of Russia's annual state finances.The firm's revenue margins were actually outperformed just due to the state electricity titans Rosneft and also Gazprom. However the bodies still far surpassed those of significant services like Lukoil, Sberbank and also Wildberries.Regardless of such outstanding physiques, Banknota defined itself on an archived model of its since-deleted internet site as a provider of home loans, car finances and service finances, though it performed certainly not have a banking certificate. Business legal professionals questioned by RTVI revealed severe uncertainties that a car loan supplier could possibly achieve earnings surpassing some of Russia's biggest firms.headlines.Russia Withdraws Goldman Sachs' Broker Agent License.Read more.
Banknota's owner is actually specified as Dmitry Frolov, a Moscow homeowner along with prior convictions for minor fraud. Depending on to RTVI, Russia's federal government income tax company flagged Frolov's individual information as "undependable.".The broadcaster likewise presented Frolov's bro as mentioning that he was actually likely a front for the business's true managers, just authorizing papers on their account.In December 2023, Banknota notified the federal tax obligation solution that it possessed an associate in Belarus. Professionals quoted by RTVI margin up that the firm might possess directed amount of money abroad prior to fading away, leaving unpaid taxes amounting to 315 thousand rubles.Since August 2024, all physical tracks of Banknota have actually faded away, except for a sign at a Moscow mall, where the space is right now taken up by a backyard tools shop.A Notification from The Moscow Moments:.Dearest readers,.Our team are actually encountering unprecedented problems. Russia's Prosecutor General's Office has actually assigned The Moscow Times as an "undesirable" organization, criminalizing our job and placing our workers in jeopardy of prosecutor. This follows our earlier unjust labeling as a "foreign agent.".These activities are direct efforts to silence independent journalism in Russia. The authorizations claim our work "discredits the choices of the Russian leadership." We observe points in a different way: our team aim to deliver accurate, honest reporting on Russia.Our experts, the writers of The Moscow Times, reject to be silenced. But to proceed our job, our experts require your assistance.Your help, regardless of how little, brings in a world of difference. If you can, please assist our team month-to-month starting from only $2. It fasts to set up, and also every contribution makes a notable influence.By holding The Moscow Times, you're speaking up for open, private writing when faced with suppression. Thanks for standing with us.
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