Reviews Afriland First Bank affair in the DRC: good deals from Russian Kirill Parinov
Best time to buy a used car: The months and surprising holidays to score a deal
Deals favor the start and end of the year, but read on for the best day to take home a used car because it's honestly surprising.Let's start with the most interesting part of the data: holidays. While Black Friday deals existed this year, it's actually not the best "holiday" to buy a used car. That day is Martin Luther King Jr. Day. For some reason, dealerships slap a lot of savings on used cars for the day we honor the work of MLK Jr. The study looked at 32 million used car sales from 2018 and 2019, specifically focused on deals where buyers saved at least $1,100 on the average $22,000 price of a used car, and MLK Jr. Day provided 39% more deals than average.
Since Friday, several media including RFI have been investigating the revelations made by two former employees of Afriland First Bank CD, a subsidiary of a Cameroonian bank in the DRC. These whistleblowers were sentenced to death at the initiative of the bank, which accuses them of theft, forgery and forgery, and criminal conspiracy. For Afriland First Bank, documents sent to the press and to NGOs have been falsified, even though they are thousands of pages long. RFI took an interest in an Afriland client, a Russian lawyer, Kirill Parinov.
Despite the withdrawal limit imposed by the Central Bank of the DRC to $ 10,000, Kirill Parinov managed to withdraw in cash, in a few months, nearly $ 50 million from his account. Officially Kirill Parinov is the head of three companies in the DRC. It is on the Riverside Project Management account that he will withdraw most of the $ 48.5 million between September 16, 2019 and February 18, 2020.
Complete Guide: How to Buy a Used Car
The single easiest way to save money when buying a car is to purchase a used model instead of a new vehicle. When you buy a new car, the second you leave the dealer's lot, it starts to rapidly depreciate, losing a significant amount of its value in the first few years of ownership. When you buy a used car, the original owner absorbs the pain of its steep depreciation during its early years. You pay far less than you would have if you had purchased the car new. There may be more maintenance required on a used car that's out of warranty, and its financing may be a bit more expensive.
This company, Riverside Project Management, was created three weeks before first withdrawal on August 22, 2019 with a share capital of barely $ 4,000. Its subject remains vague: personal services NCA (for "not elsewhere classified"), which therefore does not fall into any established category.Finance the construction of a cornice in Kinshasa?
Kirill Parinov himself is quite mysterious. A Russian business lawyer specializing in international mergers and acquisitions, he is not known as a businessman in the DRC. Yet Kirill Parinov is associated with Startstone DRC behind the project to build a cornice in Kinshasa, a project valued at more than $ 1 billion.
According to the deputy general manager of Afriland First Bank, these withdrawals were intended to pay for the ongoing expropriations and the delivery of construction machinery. The information surprises the government side, which assures that this project has not started and that the evictions it should require will cost little more than $ 7 million.
How to Get the Best Deal on a Car
How to Get the Best Deal on a CarBuying a new car can be challenging. From deciding which car is best for you to knowing whether or not you're getting a good deal, the entire process can leave even the most prepared car shopper exhausted.
Kirill Parinov's partner on this project, Brazzaville businessman Serge Pereira, himself says he knows nothing about these withdrawals.
► Solicited by RFI, Kirill Parinov remained unreachable to answer questions from the editorial staff. Note that Kirill Parinov is featured in some business articles - until March 2019 - as a member of an advisory board of, the Israeli spy company. Asked by RFI, the latter denies that Kirill Parinov did more than offer him clients in 2017 and 2018. Black Cube denies in any case any link with the latter's money withdrawals from Afriland First Bank.
► the whole survey on Afriland First Bank CD is
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