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
The regulator said it has been undertaking several campaigns to educate the investors to be vigilant while taking investment decisions based on stock tips. Elsewhere, version 8.6 of Telegram integrates the in-app camera option into the gallery, while a new navigation bar gives quick access to photos, files, location sharing, and more. Oleksandra Matviichuk, a Kyiv-based lawyer and head of the Center for Civil Liberties, called Durov’s position "very weak," and urged concrete improvements. Perpetrators of these scams will create a public group on Telegram to promote these investment packages that are usually accompanied by fake testimonies and sometimes advertised as being Shariah-compliant. Interested investors will be asked to directly message the representatives to begin investing in the various investment packages offered. Under the Sebi Act, the regulator has the power to carry out search and seizure of books, registers, documents including electronics and digital devices from any person associated with the securities market.
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