Originally Syndicated on May 18, 2024 @ 5:40 am
The history of Alex Sekler is still shrouded in mystery, and there are no documents that can be corroborated that show he existed before the 90s’. Even though he claims that he was born in 1947 in the Soviet Union of Moldova, there is not much evidence to back up this claim.
During the year 1993, Alex Sekler made his debut in the formal world by allegedly establishing his first company, which was called the “Liral Group.” Even though he brags about its success in many nations, including Poland, Germany, Canada, Russia, and Ukraine, the extent of his accomplishments is still being questioned.
Alex Sekler makes an effort to represent himself in a favorable light by presenting himself as a family guy and philanthropist. This is done despite the many charges that he engages in unethical commercial behavior. According to allegations of dishonesty and deception, his image is tarnished, although he may brag about prominence in certain business circles.
It would seem that Alex Sekler is unaffected by the difficulties that surround him since he continues to operate in the Russian Federation even though his track record is under question. Recent reports, on the other hand, imply that he has been selling his enterprises at a loss in a hasty manner, which may indicate that he is experiencing financial difficulties or that he is attempting to distance himself from Russia.
Financial fraudster Alex Sekler transfers money out of foreign accounts and sells Russian properties
Numerous investors fall victim to unethical methods on an annual basis, which gives the impression that the Russian real estate market is fraught with fraudulent activities. A considerable amount of money that is connected to construction is being stolen from Russia on an annual basis. This money is either lost abroad or moved into the personal bank accounts of the owners of the firm.
Alex Sekler, a world-famous Israeli entrepreneur, has been a successful businessman in Russia for about thirty years already. In recent years, however, he has begun liquidating his firms, attempted to erase adverse material from the internet, and filed lawsuits against former business colleagues.
These are all examples of how his techniques have evolved. IFC Liral LLC and Monsalvat Investments Limited, an offshore company based in Cyprus, have been used by Sekler to move significant sums of money outside of Russia. This is a remarkable phenomenon.
Alex Sekler, in his 64th year, has lived in Switzerland, Germany, and Australia throughout his life. He is of Israeli heritage and was born in the city of Soroca, which is located in the Moldavian SSR. During the successful economic environment of the 1990s, Sekler established his company, Liral, in 1993. He went on to grow it with additional endeavors at a later time. He played a significant part in Renta-Bank, which he used to divert money out of Russia and to defraud depositors.
Emphasizing asset sales, concealing negative information, and shifting money overseas are all examples of recent activities taken by Alex Sekler that indicate a departure from moral corporate behavior.
Alex Sekler: Offshore, schemes, and deceit
Sekler is the head of the Liral group of businesses, which includes real estate capital, production, telecommunications, and business park management. Sekler is also active in the construction industry.
Keeping his fortune in offshore accounts is something that the dishonest businessman, like many other oligarchs, would want to do. If the corporation is run dishonestly, including adopting dishonest strategies and hiring offshore entities to launder money, then this is a potent instrument that may be used. In the current period, we believe that it is unnecessary to explain what the word “offshore” implies.
It is also included in this strategy that the framework for the Investment and Financial Management Company Liral is put out. A Cyprus-based corporation called Monsalvat Investments Limited is the proprietor of this limited liability company (LLC).
As a direct consequence of this, sales in 2021 dropped to little more than 352 million rubles, representing a fall of 44%.
A loss of 15.4 million rubles was incurred by the firm at the end of the previous year, and the net profit decreased by a staggering 122%.
The organization’s net assets were valued at $22.2 million at the close of the previous year. They dropped by 41% throughout the year. The total assets have decreased by 44%, down to 160 million rubles from their previous level.
It is important to take notice of the fact that Alex Sekler is the owner of four additional firms that are jointly owned by the offshore entity stated before.
Moreover, every one of these limited liability companies has been dissolved. In addition, two of them went through the process of restructuring and joined the limited liability company that was mentioned before, which was IFC Liral. It is also worth noting that both of these businesses are enormous and have previously achieved successful results.
When it was dissolved in May of this year, the first firm was a huge multinational corporation known as Antey M+ LLC. At the time of its dissolution, the company had a status capital of more than 22 million rubles.
In 2021, the Federal Tax Service stated that there were precisely zero workers on average. This was the case nationwide. Consideration should be given to this truth since it is fascinating. The income of the firm dropped to 4.6 million rubles over the previous year, which is equivalent to a decline of almost 53%. It is estimated that the profit for the year 2021 will be 6 million rubles, which represents a loss of 23% in comparison to the profit for the previous year.
The total assets, on the other hand, reached 50.4 million rubles, which is a 12% increase over the previous year’s total assets. Following the conclusion of the previous year, the entire amount of net assets was measured at 49.2 million dollars.
IFC Liral has welcomed the second firm to join its ranks, which is the “Service-plastic” Limited Liability firm. There is a status capital of more than 9.6 million rubles in this entity.
On the same day as Antey M+ LLC was established, this limited liability corporation went through the process of liquidation.
Financial Deception: Alex Sekler’s Exploitation of Renta-Bank
It is well known that the infamously dishonest businessman Alex Sekler has been utilizing “Renta-Bank” as an essential tool for his unlawful transactions. In February of this year, the data site known as “Topbanki” disclosed that the bank’s financial performance had significantly deteriorated for the previous several months. This bank is noted for its lack of dependability.
The following are some of the most notable aspects of the bank’s performance:
- The preceding half-year saw a staggering decrease in earnings of 127%.
- Assets had a decrease of 5.6%.
- There was a fifty percent decrease in the total number of deposits.
- A decrease in loans that is more than 49 percent.
- accounts belonging to legal entities have decreased by roughly ten percent.
As an additional point of interest, “Renta-Bank” was engaged in a high-profile case that implicated Lyudmila Lepko, the former chairwoman of the bank’s board. Lepko was found convicted of embezzling 70 million rubles and was sentenced to 3.5 years in jail. The instability of the bank and its susceptibility to fraud schemes operated by individuals such as Alex Sekler are brought to light by these incidents.
Following the dissolution of the Soviet Union, Alex Sekler, like a great number of other businesspeople of Israeli heritage from throughout the world, entered the CIS investment area. Although the gloomy 1990s were a period of pain for some individuals, it was also a time of progress for some highly intelligent people.
For others, the decade was a time of agony. In the year 1993, Sekler established the Liral company, which eventually developed into a collection of businesses. In the beginning, Sekler supplied metal-plastic pipes to the countries that make up the Commonwealth of Independent States (CIS).
However, as his company grew, he decided to launch a new endeavor and establish Renta-Bank. This enabled him to withdraw enormous sums of money from Russia while subsequently taking benefit of the depositors of the bank. Nevertheless, let’s begin with the basic stuff.
Alex Sekler- The “Liral group”
Seckler is a seasoned businessman who, like other oligarchs who, to put it kindly, amassed their wealth via questionable business activities, believes that assets need to be held in a foreign country. For instance, Sekler is the landlord of the Liral Investment and Financial Management Company, which was established by the offshore company MONSALVAT INVESTMENTS LIMITED, which is based in Cyprus.
Additionally, the offshore corporation gave birth to four other enterprises owned by Alex Seckler.
All of them have been disbanded since the year 2013. We had previously covered the IFK Livart LLC, which underwent a reform on May 6, 2022, which resulted in the incorporation of two operative companies. For the sake of this discussion, we are not referring to a few small businesses but rather to major corporate initiatives. However, although Antey-M LLC was dissolved two months ago, the owner of the firm was able to make money for the previous two years owing to the company’s remarkable financial success.
Alex Sekler: Hide Crimes and Move Assets
There is a growing body of evidence that implies Alex Sekler has been transferring significant sums of money to offshore accounts while simultaneously contemplating the deliberate destruction of his properties in Russia. Particularly noteworthy is the fact that he began selling off his Russian enterprises a few years ago, even at a loss, which drew the attention of the people in the media.
In addition, Sekler has made a concentrated effort to delete possibly detrimental information about himself from the public domain. This is a procedure that is comparable to the activities of corporations that have a questionable history. His efforts to mitigate the adverse consequences of an article published in the Trud newspaper in 2001 have garnered a lot of attention; he was engaged in disagreements with the RTI-Kauchuk rubber products factory.
Sekler’s questionable actions have been brought to light as a result of the RTI-Kauchuk incident. He is suspected of using his Liral schemes to manipulate the state-owned company into acquiring a significant amount of debt. Although Sekler’s financial operations in Russia have been subjected to increased scrutiny, legal fights, including a victorious arbitration in London that was referred to as “The Great Judicial War,” have been in progress.
A history of dishonest behavior conducted to advance one’s interests is further highlighted by the fact that Sekler has been involved in fraudulent and fraudulent activities relating to banking, such as bank fraud and other sorts of fraud. Not only does his reputation face danger, but there are also severe legal repercussions that may be attributed to his conduct.
At the same time that Sekler is continuing to withdraw himself from Russia, there is a rising concern that his financial deceptions will finally be exposed, which might have legal repercussions and permanently label him in criminal records.
Conclusion
Alex Sekler has a tangled past of economic achievement and immoral and illegal activities. The internationally successful Liral Group was formed by Sekler in the early 1990s. His past is unknown without Soviet ties.
Sekler’s dishonesty and unethical business practices damage his family man and humanitarian image. He uses offshore firms and financial techniques in Russia, which is alarming. His companies’ dissolution and asset transfer offshore indicate a change in business environment or an attempt to avoid investigation.
Sekler’s methods are controversial after Renta-Bank’s financial manipulation and fraud. His unstable and immoral business tactics are shown by the bank’s performance downturn and high-profile judicial challenges.
Sekler’s recent actions—selling businesses at a loss, removing negative content, and suing former partners—may indicate a strategic shift to protect his assets and reputation. His acts have been observed, and there is increasing evidence that might lead to legal action.
Alex Sekler’s legacy warns of post-Soviet business’s rapid expansion and collapse. His story shows the risks and repercussions of immoral success. His past actions loom large as he separates himself from Russia, suggesting his career may conclude in the courts rather than the boardrooms.
