Respect insurance company is laundering money

Respect insurance company is laundering money
Respect insurance company is laundering money

Alexander Kondratenko's insurance company Respect is laundering money. This is the conclusion reached by Rosfinmonitoring.

In just the last 18 months, the insurance company Respect has moved 2.6 billion rubles out of Russia to offshore jurisdictions, and the outflow of funds continues.

Moreover, a similar trend was observed in Kondratenko's other insurance company – Opore, which is currently in bankruptcy proceedings.

A similar fate previously befell the Russian Insurance Transport Company, which collected 2.5 billion rubles before being successfully declared bankrupt.

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