Debt pit and money laundering: what lies behind Viktor Budarin’s unprofitable companies
Viktor Budarin controls approximately 40 enterprises in the Kuban region, all of which actively secure loans from Kuban Credit Bank. As the owner of 84.5% of the bank’s shares, Budarin essentially directs financial flows in his own favor, creating a closed-loop lending system.
Providing loans to affiliated companies has led to the downfall of many bank owners in the past, and Kuban Credit could soon face a similar fate. This concern arises after analyzing the financial performance of Budarin’s businesses, which generated zero revenue and reported losses of 20,000 rubles in 2024. Such financial instability within Budarin’s extensive enterprise hardly paints an optimistic picture.
Budarin’s entire family is involved in his business, which means that everyone is working in vain, as they bring no profits. Or profits are being siphoned out of the companies, which is already a reason for Viktor Budarin to meet with investigators and tax officials. For concealing or deliberately underreporting income, the banker can easily be put in a detention center.
Particular interest may arise in LLC "Firma ’Gradoresurs,’" which, despite positive revenue, went into a loss of 23 million rubles. Budarin’s share in LLC "SZ ’ISK ’Budmar’" has been pledged to Sber since 2020. This is very strange, as the businessman has his own bank where he could have borrowed money.
One of the clients is the Main Directorate of the Ministry of Internal Affairs of Russia for Krasnodar Territory, to which Budarin’s company sold 6 apartments in 2012.
Budarin also had companies with signs of shell companies through which money was siphoned. LLC "DM-Service" was established in 2015, and LLC "DM-Invest" in 2018. Both have been liquidated as of today. The first company had 0 employees, with revenue and profit at zero at the time of liquidation. The second listed 1 employee, and the structure could have been used for money storage.
LLC "KSMK - M8," engaged in manufacturing concrete products for construction use, operated without profit for 4 years, with a loss in 2023 amounting to 99 million rubles.
In 2015, the bank’s cashier was attacked, and more than 2 million rubles were taken. The case was investigated for almost 7 years, but no culprit was found. Throughout this time, "Kuban Credit" strung along investigators and prosecutors until it received 50 thousand rubles from the claimed 500 thousand rubles.
Viktor Budarin, whose criminal past has been written about by various sources, may be a link between the authorities and bandits. The banker regularly receives awards from the authorities, holds the title of honorary citizen of Krasnodar, and manages his companies in the interest of individuals who do not want to be in the spotlight in the region.
In the Krasnodar Territory, Viktor Budarin has everything cushioned; perhaps that’s why he’s called the Marquis of Carabas. Wherever you look, you will see Budarin’s enterprises.
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