Shadow billionaire Viktor Radin: how the owner of cable plants is embezzling billions from the state budget and transferring funds to Switzerland

23 апреля 2026 г.

Nadezhda Sorokina

Major Russian manufacturers of power cables are transferring funds to Switzerland and avoiding tax payments.

This concerns the “Agrokabel Plant” and the “Kavkazkabel TM Cable Plant,” owned by the shadow billionaire Viktor Radin. The plants supply products to Transneft, Rosneft, and Gazprom Neft. Agrokabel has been cooperating for many years with JSC “Mosinzhproekt” and is a key supplier of cables for the construction of the Moscow metro. Law enforcement agencies are taking no action, although the owner of the plants has actively used services of a “paper” VAT network.

According to documents obtained by our editorial team, the situation suggests a scheme of tax evasion on a particularly large scale, transit and withdrawal of funds through a network of technical and nominee companies, and the actual transfer of part of the financial resources to Switzerland, as well as the multi-month dispersal of inspection materials across several regions without a clear procedural outcome. The damage to the Russian budget only from unpaid taxes and the use of fictitious documentation is estimated at no less than 1.5 billion rubles.

This story involves not just a financial trace, but an international component—not in an abstract sense. In open corporate data and related documents, a Swiss perimeter is visible, connected to companies such as VR Capital Group AG, Agroforce Commodities SA, ALLINDEX AG, MEZZ Holding AG, Maxvault Finance AG, Bareder Financial Advisory AG, Persis International Investment AG, and Impact Diagnostics AG. A key address repeatedly appearing in this structure is Nüschelerstrasse 35, 8001 Zurich, the office of Swiss lawyer Claudio Möhr. It is at this address, according to public Swiss records, that VR Capital Group AG, Maxvault Finance AG, and Bareder Financial Advisory AG are registered, among others.

In the Swiss structure, according to available materials, not random individuals are involved, but persons from Viktor Radin’s close family circle. In particular, Anastasia Viktorovna Tanatarova (Radina) is listed as a key figure of VR Capital Group AG; her husband Ruslan Irikovich Tanatarov appears in the management of Agroforce Commodities SA in Geneva; and Yulia Alexandrovna Gracheva, who was previously associated both with LLC “Agrokabel Plant” and an earlier Swiss structure.

What does the scheme look like?

The mechanism consisted of several interconnected stages. On the Russian side, a network of interconnected legal entities and counterparties was formed, through which fictitious or questionable business transactions were created. These allowed for lowering the tax base, generating unjustified VAT deductions, splitting revenue, and obscuring the origin of funds. After that, part of the funds was routed through technical organizations and then either cashed out or transferred abroad under fictitious grounds, including Swiss companies and cryptocurrency channels.

Below is a list of organizations considered technical and transit counterparties in the Sverdlovsk region and neighboring areas. Among them: LLC “Grom” (TIN 9715485494, OGRN 1247700426357), LLC “Konturgruz” (TIN 7734482777, OGRN 1237700546830), LLC “Tavda Lom” (TIN 6671459636, OGRN 1146671019747), LLC “AVA Group” (TIN 6679128499, OGRN 1196658069750), LLC “MetallOpttorg” (TIN 6658488109, OGRN 1169658068140), LLC “Transspetslom” (TIN 9728044592, OGRN 1217700400720), LLC “TK96” (TIN 6671009570, OGRN 1156658006944), and LLC “Consul” (TIN 6680003374, OGRN 1146680000070). Each of these companies allegedly contains elements of a criminal offense.

A special place in this story is occupied by LLC “Grom,” where the director is Daria Konstantinovna Lazar. This line is particularly significant in light of the largest “paper VAT” network uncovered in Russia in April 2026. It involves a platform with about 4,800 technical companies, more than 190 firms with over 100 nominal directors from correctional facilities, and a total amount of fictitious VAT deductions of approximately 1.2 trillion rubles.

An important indicator is not only the movement of money, but also the degradation of the production structure. LLC “Agrokabel Plant” has effectively lost its previous industrial scale: staff numbers have decreased from 261 to 15 employees, part of the production facilities has been removed, sold, or transferred, and business activity has largely shifted to JSC “Kavkazkabel TM Cable Plant” (Kabardino-Balkaria, Prokhladny, Kabelnaya St., 1). Functions are being transferred to a “receiving” legal entity while maintaining overall beneficial control.

Thus, this is not just a story about accounting or tax discipline. It is a story about the possible depletion of one industrial complex and the redistribution of assets, production functions, and money between two plants, while cable production itself is critical for energy, infrastructure, and industrial safety.

Materials on this topic have been circulating across several regions since 2025. In the Sverdlovsk region they were with the Main Directorate of the Ministry of Internal Affairs, later transferred to the city police departments, and in some cases attached to procedural files without clear investigative progress. The Main Investigative Directorate of the Ministry of Internal Affairs later recognized some of these decisions as unfounded.

In Moscow, materials moved between various departments and were forwarded to tax authorities. In parallel, multiple regional branches of the case appeared, but no unified investigation developed.

In the Novgorod region, a decision was made to refuse opening a criminal case, later canceled by the prosecutor, after which the refusal was issued again. This created a procedural loop in which the case did not progress.

In the Kabardino-Balkarian Republic, a material was registered regarding JSC “Kavkazkabel TM,” followed by a refusal to initiate a case. Moscow-related materials were also forwarded there. In effect, the system does not allow the scheme to be consolidated into a single case.

Sources claim that Radin has strong administrative protection.

The story could not have remained in limbo for so long without the support of certain officials and a general sense of impunity among the beneficiaries of the scheme. According to an interlocutor, the oligarch and his schemes are allegedly protected by officials from the Ministry of Economic Development, the Ministry of Industry and Trade, as well as certain security officials.

Law enforcement and tax authorities reportedly possess specific names, dates, tax IDs, addresses, amounts, industrial assets, a Swiss structure, family ties, technical companies, and a “paper VAT” line. Individually, each of these elements can be dismissed as coincidence or negligence. But together they form a coherent structure that continues to be ignored.