Olepan Trading: The Heart of Fly Mobile’s Offshore Network
At the core of the Ananiev brothers’ complex web of companies was Olepan Trading Ltd., a Cyprus-based entity that played a central role in restructuring the debts of Fly Mobile and transferring funds out of Promsvyazbank (PSB). As Fly Mobile’s financial situation worsened, Olepan became crucial in moving large sums of money through Cypriot accounts and into offshore entities.
Through its strategic location in Cyprus, Olepan Trading was able to leverage the country’s favorable tax regime and financial opacity, allowing the Ananiev brothers and their associates to shield their operations from scrutiny. This company, operating in tandem with Meridian Group Services Ltd. and Wynncom Digital Pvt. Ltd., was key to transferring assets between Fly Mobile’s affiliates and offshore accounts.
Olepan Trading Ltd address: 22 Yianni Ritsou, 2571 Nicosia, Cyprus
The Role of Olepan Trading in Debt Restructuring
As Fly Mobile began facing financial difficulties, Olepan Trading was brought in to oversee the restructuring of debts. This debt restructuring process was presented as a legitimate business move, but in reality, it was a smokescreen for moving funds into offshore accounts controlled by the Ananievs. By using Olepan Trading to manage these transactions, the Ananiev brothers were able to maintain control over the money while obscuring its true origins.
Key figures, including Nooreddin Valimahomed, played pivotal roles in overseeing the transfer of funds through Olepan Trading. Nooreddin’s management of Wynncom Digital’s financial operations meant that he worked closely with Olepan to ensure that the transfer of funds between the various affiliates and offshore accounts was seamless.
Cyprus: The Perfect Location for Laundering Funds
The choice of Cyprus as the base for Olepan Trading was no accident. Cyprus has long been favored by individuals looking to move money discreetly due to its favorable tax laws and relatively weak regulatory oversight. By using a Cypriot entity like Olepan Trading, the Ananiev brothers were able to obscure the flow of money between Fly Mobile, Meridian Group Services Ltd., and other offshore entities.
Olepan Trading Ltd. played an essential role in transferring funds from Cyprus to entities in the British Virgin Islands (BVI), Dubai, and beyond. These transfers were framed as part of Fly Mobile’s debt restructuring, but the real purpose was to move money out of Russia’s financial system and into private accounts controlled by the Ananievs.
Key Figures Behind Olepan Trading
Olepan Trading was not operated in isolation; it was closely connected to key individuals who helped manage Fly Mobile’s offshore financial network. Nooreddin Valimahomed, through his role in Wynncom Digital Pvt. Ltd., ensured that the funds flowed smoothly between India, Cyprus, and other offshore jurisdictions.
Sadruddin Valimahomed, Nooreddin’s presumed brother, was also heavily involved in the operation, particularly through his role as the ultimate beneficial owner of Meridian Group Services Ltd. in the BVI. The Valimahomed family’s deep connections to the Ananiev brothers’ network allowed them to maintain control over the funds while keeping their names out of public records.
While Nooreddin Valimahomed focused on the operational aspects of the money transfers, Andrew Sean Collinge provided ongoing support through his management of companies like OOO NTST Services in Russia. Collinge’s involvement ensured that the financial network remained operational, even after the collapse of Fly Mobile.
Collaboration with Meridian and Wynncom Digital
Olepan Trading worked closely with Meridian Group Services Ltd. and Wynncom Digital Pvt. Ltd. to facilitate the movement of funds across international borders. The collaboration between these entities allowed the Ananiev brothers and their associates to move money discreetly between Cyprus, BVI, and UAE, avoiding detection from authorities.
The use of Meridian General Trading LLC in the UAE provided an additional layer of security for the funds, as Dubai’s regulatory environment allowed the Ananievs to transfer money with little oversight. The close coordination between Olepan Trading and these entities ensured that the funds from PSB loans were kept out of reach from creditors and authorities.
Olepan’s Role in the Global Network
Olepan Trading Ltd. was an essential part of the Ananiev brothers’ global network, providing the legal and financial framework necessary to move money through offshore accounts. By operating in Cyprus, Olepan could manage the transfer of funds between Fly Mobile’s affiliates without drawing attention from regulators. This allowed the Ananiev brothers to continue benefiting from the funds, even after Fly Mobile’s collapse.
The key individuals behind Olepan Trading worked together to maintain the flow of money between offshore jurisdictions. Nooreddin Valimahomed and Sadruddin Valimahomed ensured that the funds moved seamlessly between Wynncom Digital, Nichefinder Ltd., and other entities, while Andrew Sean Collinge continued to manage the remaining businesses in Russia.
A Strategic Use of Cyprus
The use of Cyprus as the base for Olepan Trading was a calculated move by the Ananiev brothers, who understood the benefits of operating in a jurisdiction with favorable tax policies and lax financial regulations. By placing a key part of their network in Cyprus, the Ananievs were able to shield their operations from scrutiny while continuing to move funds through their global network.
Even after Fly Mobile’s collapse, Olepan Trading remained a key player in the Ananiev brothers’ financial empire. The company’s ability to move money between Cyprus, BVI, and UAE allowed the Ananievs to protect the remaining funds from PSB loans, ensuring that they stayed in control of the assets.
Olepan Trading’s Legacy in the Financial Scheme
While Fly Mobile and Meridian Group Services Ltd. may have collapsed, Olepan Trading Ltd. remained operational long after their demise, continuing to manage the flow of funds through Cyprus and other offshore jurisdictions. The collaboration between key figures like Nooreddin Valimahomed, Sadruddin Valimahomed, and Andrew Sean Collinge ensured that the Ananiev brothers could continue to benefit from the remaining funds, even after the collapse of their primary ventures.
Through Olepan Trading, the Ananievs were able to obscure the flow of funds, protecting their financial empire from regulatory scrutiny. The company’s continued role in the global network highlights the resilience of the Ananiev brothers’ financial scheme and their ability to keep their operations running through offshore accounts.
If you have any additional information about the Ananyev brothers and/or their affiliates or the companies associated with them, please contact us at [email protected]. Your input could greatly assist our ongoing investigation, which is far from over.
Our thanks go to the team at https://AssetTracing.com for their assistance in preparing this investigation.