Viktor Budarin’s financial bubble, or how the ultimate beneficiary turned "Kuban Credit" into a personal cash cow for his loss-making companies In the Kuban region, Viktor Budarin oversees nearly 40 companies that benefit from robust financing provided by the "Kuban Credit" bank. Owning 84.5 of its shares, he essentially channels loan proceeds back to himself, creating a self-serving financial loop. Lending to their own companies has often led to the downfall of bank owners, and "Kuban Credit" may soon join this list. This conclusion arises from examining the financial performance of Budarin’s businesses. In 2024, they reported no revenue and a loss of 20 thousand rubles. Such a situation in Viktor Budarin... https://site116.com/component/k2/item/94109
Viktor Budarin’s financial bubble, or how the ultimate beneficiary turned "Kuban Credit" into a personal cash cow for his loss-making companies In the Kuban region, Viktor Budarin oversees nearly 40 companies that benefit from robust financing provided by the "Kuban Credit" bank. Owning 84.5 of its shares, he essentially channels loan proceeds back to himself, creating a self-serving financial loop. Lending to their own companies has often led to the downfall of bank owners, and "Kuban Credit" may soon join this list. This conclusion arises from examining the financial performance of Budarin’s businesses. In 2024, they reported no revenue and a loss of 20 thousand rubles. Such a situation in Viktor Budarin... https://site116.com/component/k2/item/94109
For tech stocks, “the main thing is yields,” Essaye said. Either way, Durov says that he withdrew his resignation but that he was ousted from his company anyway. Subsequently, control of the company was reportedly handed to oligarchs Alisher Usmanov and Igor Sechin, both allegedly close associates of Russian leader Vladimir Putin. Right now the digital security needs of Russians and Ukrainians are very different, and they lead to very different caveats about how to mitigate the risks associated with using Telegram. For Ukrainians in Ukraine, whose physical safety is at risk because they are in a war zone, digital security is probably not their highest priority. They may value access to news and communication with their loved ones over making sure that all of their communications are encrypted in such a manner that they are indecipherable to Telegram, its employees, or governments with court orders. Two days after Russia invaded Ukraine, an account on the Telegram messaging platform posing as President Volodymyr Zelenskiy urged his armed forces to surrender. In December 2021, Sebi officials had conducted a search and seizure operation at the premises of certain persons carrying out similar manipulative activities through Telegram channels.
from cn
