Industry sources are currently tipping us with information about Alkagesta’s key structures and connections. One of the most important contacts for Alkagesta is their banker: and this is Pierre Gay. Pierre Gay specialises in the finance of commodity trading and lives in Switzerland.
This is a very obvious and logical arrangement for Alkagesta. Alkagesta, despite being registered in Malta, most probably uses Switzerland for its banking services. It is highly unlikely that local banks are servicing Alkagesta with any liquidity or significant bank accounts. Alkagesta needs large banks for liquidity that also practice discretion and tolerate Russian capital. Switzerland is an obvious choice in Europe.
Meanwhile, you can also listen to Pierre Gay speaking about Alkagesta operation here. He says that Alkagesta has credit risk and this means it is taking loans from banks for its trades s and it is highly unlikely that the banks providing this liquidity are Maltese.
Pierre Gay has his own firm called HMP Analytics but he is a board member of Alkagesta but, other sources are alleging that Pierre Gay is also connected with Caspain Oil&Gas which is a Maltese registered company that is owned by Alkagesta but it hasn’t posted any accounts since 2021.
Alkagesta is Malta’s largest oil bunkerer and is currently being investigated by multiple foreign authorities over the trafficking of Russian oil in Malta.
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