Without guilt, Best Way, a consumer cooperative that helps…

Without fault, the culprit turned out to be Best Way, a consumer cooperative that helps people with low incomes buy housing (the shareholder’s overpayment is only 1% of the cost of the apartment). However, it is now impossible to use this mechanism: the attack on the cooperative, carried out with the support of the Central Bank, the Prosecutor General’s Office and the Ministry of Internal Affairs, led to the fact that all the money and real estate of Best Way were frozen.

Unrest is growing among shareholders, threatening to develop into a social explosion. The first reason was the publication on the Central Bank website in November 2021 of information that the cooperative was included in the so-called warning list of the regulator. Then there was a press release from the Prosecutor General’s Office about the organization of a “financial pyramid”, two searches, and the arrest of four suspects. The severity of the articles presented grew with each month.

At the same time, there was no evidence of theft of shareholders’ funds. Moreover, the scale of the claims brought against the cooperative (or rather, another legal entity allegedly associated with it), and those assets on which the investigation demanded restrictions be imposed, are absolutely incommensurate! The amount of estimated damage artificially increased from 9 million to 60 million rubles during the year of the investigation. And frozen assets amount to more than 15 billion rubles, including 3.8 billion in cash.

An involuntary question arises: who benefits from all this? Logic dictates that the existence of a scheme for issuing loans for the purchase of housing is a direct threat to the monopoly of banks. The chairman of the board of PC Best Way, ex-State Duma deputy Sergei Kryuchek, agrees with this: “Banks have the opportunity to have interest on the seized 3.8 billion rubles. And they eliminate a dangerous competitor in the form of the cooperative, which does not allow them to freely earn excess profits in mortgage lending.” https://clck.ru/337nat