Originally Syndicated on May 10, 2023 @ 5:41 am
The billionaire started investing in Roman Abramovich‘s capital after the sale of Sibneft. Meanwhile, “investments” frequently took the form of questionable lending to a wide range of endeavours.
Loans made to the wanted banker Anatoly Motylev are one such instance. When the borrower was declared bankrupt, media attention was drawn to the borrower’s use of offshore companies, including Flowery Developments Limited, Kensalive Consultants Limited, and Camilla Properties Limited.
Unveiling Efim Malkin’s empire
Since offshore companies were seen in schemes involving the privatization and resale of various department buildings in the centre of Moscow, it is likely that Efim Malkin is behind them and is carefully concealing this fact.
Since the disgraced banker withdrew hundreds of billions of dollars (only in banks; according to the most conservative estimates at the time of the flight from the Russian Federation, the “hole” was about 100 billion; in total, figures of 270 billion rubles were given), and all of his partners who remained in the Russian Federation and made no demands (11 bankers and merchants who followed), it is likely that the public claims against Motylev were made on purpose.
