Greek investigators probe alleged cross-border lending schemes linked to Ukrainian-born financier

According to Greek press reports, authorities are examining complex financial transactions involving Ukrainian-born businessman Val Sklarov (Pictured) and a network of offshore companies. The case has drawn international attention amid claims by investors of major financial losses.

Behind the gates of an elegant residence in northern Athens, Greek investigators are said to be tracing the financial past of Val Sklarov, a Ukrainian-born businessman who has reportedly lived in several countries under different corporate identities.

According to an October 2025 investigation by the Greek outlet Mononews, Sklarov has been named in court documents relating to an alleged multinational lending operation under examination by judicial authorities in Athens. The case, registered under file number ΔΚ2025/1, is understood to involve questions of possible money-laundering and fraudulent loan guarantees.

Mononews reports that Sklarov, who once promoted himself as an 'investor and financier,' allegedly presented himself as connected to historic American banking dynasties such as Astor and Vanderbilt. Through this image, he is said to have approached wealthy clients seeking short-term financing secured by company shares.

One of the individuals who reportedly complained to courts abroad is Mexican billionaire Ricardo Salinas Pliego, founder of TV Azteca. Salinas Pliego’s representatives have alleged that shares pledged as collateral in a multi-million-dollar loan arrangement were later liquidated without authorisation. The case has been cited in filings in both New York and London.

Greek media say the alleged network used shell companies registered in several jurisdictions, with names resembling old banking houses. Investigators are said to be examining possible links between these entities and assets in Greece, including property and a yacht that was placed on sale in 2024.

EU Reporter has not independently verified the allegations reported in Greek and international media. No public conviction has been confirmed in connection with the current Greek proceedings, and Sklarov is presumed innocent pending the outcome of any judicial process.

Requests for comment from the parties named in Greek media reports had not been answered at the time of publication.

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