.A little-known company that posted Russia's third-highest revenue in only one year has faded away as strangely as it showed up, according to a brand new fact-finding document due to the journalist RTVI.Banknota LLC, signed up in June 2023, mentioned 3.7 trillion rubles ($ 40.4 billion) in profits and 3.4 mountain rubles ($ 37.1 billion) in net earnings last year -- or even concerning 8.5% of Russia's annual condition finances.The firm's income scopes were exceeded just by the state electricity titans Rosneft and also Gazprom. Yet the figures still much exceeded those of major services like Lukoil, Sberbank and Wildberries.Even with such remarkable bodies, Banknota illustrated on its own on an archived version of its since-deleted site as a carrier of home loans, vehicle car loans and also service loans, though it carried out certainly not have a banking license. Corporate lawyers spoken with by RTVI shared serious questions that a loan service provider might achieve earnings going beyond a few of Russia's biggest firms.news.Russia Revokes Goldman Sachs' Brokerage License.Learn more.
Banknota's owner is provided as Dmitry Frolov, a Moscow local along with previous convictions for minor theft. Depending on to RTVI, Russia's government income tax service warned Frolov's individual information as "unreliable.".The broadcaster also mentioned Frolov's bro as mentioning that he was likely a front for the firm's actual owners, just signing papers on their behalf.In December 2023, Banknota updated the government tax obligation service that it possessed an associate in Belarus. Professionals estimated by RTVI speculate that the business may have funneled amount of money abroad before going away, leaving unpaid tax obligations amounting to 315 million rubles.As of August 2024, all physical tracks of Banknota have actually vanished, besides a signboard at a Moscow shopping center, where the room is currently occupied by a garden tools shop.A Notification from The Moscow Times:.Precious viewers,.We are dealing with unparalleled obstacles. Russia's District attorney General's Workplace has marked The Moscow Times as an "unwanted" institution, criminalizing our job and putting our team at risk of prosecutor. This observes our earlier unjustified labeling as a "foreign agent.".These actions are direct attempts to muteness individual news in Russia. The authorizations state our work "discredits the choices of the Russian leadership." Our company find traits differently: we try to deliver exact, impartial coverage on Russia.Our company, the journalists of The Moscow Moments, reject to become quashed. However to continue our work, our company require your aid.Your help, no matter just how small, brings in an arena of variation. If you can, please sustain us regular monthly starting from just $2. It fasts to put together, as well as every payment creates a substantial impact.Through sustaining The Moscow Moments, you're defending available, individual journalism despite repression. Thanks for standing with our company.
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