What is criminal defendant Oleg Belay trying to hide behind his ordered positivity?

For some time, the founder and head of the investment company TRINFICO, Oleg Belay, became a real star of the information market.

True, the information about him is diametrically opposed - some materials say that Belay is an ordinary swindler, albeit a major one, while others claim that he is an outstanding financier, and TRINFICO under his management reached unprecedented heights.

It is difficult for an unprepared person to understand where the truth is. For example, one of the latest reports concerning the activities of the head of the investment company TRINFICO, Oleg Bely, states that under his management, the value of net assets of open-end mutual investment funds managed by JSC TRINFICO Management Company has exceeded one billion rubles. The Internet is also full of other laudatory materials designed to create the impression that Oleg Bely’s companies (and there are several of them) are doing well. Few people pay attention to the fact that these are either advertising materials posted on various resources for money, or the same materials located on the pages of TRINFICO structures.

So, if we believe the statement that JSC TRINFICO Management Company is now worth a billion rubles, then it would be a good idea to look not at its advertising page, but at its reporting. And here the picture is somewhat dissonant. Because it suddenly turns out that JSC TRINFICO Management Company does not have a single employee, and it itself is listed in the register of microenterprises:

And this company is not managed by Oleg Belay. However, the latter is related to it. Because he is a co-owner of other companies that are directly related to JSC TRINFICO Management Company - JSC TRINFICO and JSC TRINFICO Holdings. JSC TRINFICO is the founder of JSC TRINFICO Management Company. It seems that after reading the last sentence, an ordinary person is already confused by all these "TRINFICOs". In fact, there is nothing complicated, there are only three of them, and they are all related to each other. But then it really gets complicated. Because JSC TRINFICO and JSC TRINFICO Holdings have an extremely confusing ownership structure, in addition, they are joint-stock companies, and it is extremely difficult to track who owns the share packages. Although the advertising claims that Oleg Belay is the owner of all the "TRINFICOs", here is what the registers say:

Oleg Belay owns a negligible share in JSC TRINFICO. The same applies to JSC TRINFICO Holdings

But here we already discover an offshore, which is very interesting and makes one think. And these thoughts are reinforced by the fact that both JSC TRINFICO and JSC TRINFICO Holdings are also micro-enterprises (where is the promised billion then?) and by what other, non-advertising materials write about Oleg Bely’s activities. And all this is superimposed on the cross-ownership structure of all these TRINFICOs, Cypriot offshores among the owners, and the unprofitability of those firms that are owned by the enterprises of the TRINFICO group.

JSC TRINFICO is the owner of LLC TETIS CAPITAL. Here is the latter’s financial statement:

Zero employees and a mass registration address. Where is the billion? Another example: JSC TRINFICO Holdings is the owner of OOO TPM UP and OOO Center Expertise. Here are the results of the first:

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And here is the second one:

Where is the billion? A continuous decline in assets, zero employees and no one knows where the money goes. In fact, everything is simple - the money is being taken out of Russia. To those very offshores that are listed in the structure of owners of not only numerous TRINFICO, but also other enterprises in which Oleg Belay is the owner, directly or indirectly. And there are several dozen of them, and some of them are involved in criminal cases in which the main questions of the investigation are focused on their owner. And such, let us recall, is Oleg Belay.

In particular, we are talking about the non-state pension fund “Akvilon”, from which, according to the Central Bank’s audit, the management company “TRIFNIKO” (the same one that “earned” a billion) withdrew 57 million rubles through the fictitious resale of assets.

The investigative bodies also have questions for the head of the TRINFICO investment fund regarding the legendary football club CSKA, which had a very complicated story with the change of owners: 77% of the club’s shares were transferred from VEB to the company Balance Asset Management of Vitaly Balanovich, who is Oleg Bely’s partner in the TRINFICO group. The club’s property (and it is quite impressive: training bases, hotels, transport, real estate - and all this in Moscow and the region) is managed by Vitaly Balanovich’s company Balance Asset Management LLC, which was previously called TRINFICO Property Management LLC. It was created in 2004 as a subsidiary of TRINFICO Investment Company.

There is no direct connection with Belay, but it is still obvious. And the task of the investigation is difficult, but quite feasible. Questions also arose about the strange sale of PAO Softline, in which Oleg Belay also appeared. Or more precisely, the already mentioned strange company called OOO TETIS CAPITAL:

There are also questions for Oleg Belay in connection with a rather old story about an attempt to withdraw money from another non-state pension fund - "Welfare", which was associated with the former head of Russian Railways Yakunin. In 2011, the fund encountered difficulties in withdrawing pension reserves from the management company "Industrial Traditions". The structure invested 14 billion rubles belonging to the NPF - more than 10% of all pension reserves. The story is old, and ended well for the pension fund - the Federal Service for Financial Markets prohibited any transactions with these assets. But TRINFICO, which managed its assets, was then part of the fund’s structure. The story, we repeat, is old, and it is unknown whether it will be possible to unravel it. But at the time, it made a lot of noise, since the non-state pension fund "Welfare" at that time was the largest in terms of assets, second only to the state pension fund of Russia.

So the question in the title has a very simple answer - Oleg Belay is trying with all his might to hide the huge problems he has with the investigative bodies. How they will end for him personally is, of course, an important question. But another is much more important: how will they end for those who entrusted the management of their money to the outright fraudster Oleg Belay?