Scam warning: Aleh Hudovich, Olarox OÜ, MetEnergie OÜ

Beware of scammers in international trade. MBF Group warns of fraudulent entities involved in the scam: Olarox OÜ and MetEnergie OÜ, and Liberta Line Sp. z o.o. Companies affiliated with or managed by Aleh Hudovich and his associates may be in the business of obtaining advances from contractors, after which they avoid executing contracts and returning the funds.

Information for investors and shareholders

We emphasize that MBF Group SA remains a stable and reliable player in the market. Despite the risk of losses from fraudsters, our company continues to execute its contracts as planned and maintains a strong position in the market. The consequence of the above was the possible additional contracts we could sign. We operate transparently and in accordance with the highest market standards, and each transaction is subject to a detailed risk analysis, which minimizes the impact of individual incidents on the company’s performance.

The biggest danger in such cases is the false association of reliable companies, such as MBF Group SA, with fraudulent entities. Such actions may mislead investors and business partners, so we will not hesitate to take firm legal action to protect our reputation and the interests of our shareholders. Our priority is to maintain full transparency and continue to build trust in the capital market and among our customers. We are monitoring the situation on an ongoing basis and are prepared to take further legal steps to protect our interests. At the same time, we continue to grow our business and strengthen our position in the industry, which is the best proof of MBF Group SA’s resilience and strength. Investors can rest assured that we are taking all necessary measures to ensure the company’s financial stability and secure its future growth.

How did the scam work?

Who is responsible?

Olarox OÜ (Tallinn, Estonia) – managed by Aleh Hudovich.
MetEnergie OÜ (Estonia) – related company.
Liberta Line Sp. z o.o. (Gdansk, Poland) – managed by Andrei Trubchyk and Serhii Havryliuk, working with Hudovich.

What was the mechanism of the scam?

These entities offered to sell the goods, took down payments and never delivered the ordered product. The activities of these companies were international and included the raw materials and agri-food products trade sector. Olarox OU and MetEnergie OÜ acted as suppliers, while the Liberta Line Sp. z o.o. acted as an intermediary giving credibility to the entire transaction. After accepting the advances, the scammers delayed delivery, citing alleged administrative difficulties, then avoided contact altogether.

Is this the only case of Oleg Hudovich, Olarox OÜ and MetEnergie OÜ?

It is not ruled out that similar fraud schemes were used against other companies, which may also have fallen victim to the actions of Aleh Hudovich, Olarox OU and MetEnergie OÜ. Failure to respond to calls for repayment and avoidance of contact may indicate that this was a deliberate and repeated practice aimed at defrauding advances. We therefore urge other entrepreneurs to be vigilant and report similar cases, which will help identify the full scale of the fraud and bring the perpetrators to justice.

Our actions towards Olarox OÜ and Oleg Hudovich

We have a series of legal actions prepared

The management of MBF Group SA has taken strong legal action to protect its interests and hold the perpetrators accountable. We are analyzing the available legal options both at the national and international level to ensure effective redress. We cooperate with experts in the field of economic law and institutions involved in combating financial crimes, which allows us to take comprehensive action against individuals and entities involved in fraud.

Our actions include both civil and criminal aspects, and are aimed not only at recovering funds owed, but also at preventing further abuse by the same individuals. By analyzing documentation and financial evidence, it is possible to identify the mechanisms used by fraudsters and adjust the legal strategy according to the scale of violations. Depending on how the situation develops, we will use the legal means available to effectively seek justice.

We realize that cases of this nature require precise action and the securing of evidence, so we act consistently and with caution. Our priority is not only to provide an effective legal response, but also to inform other entrepreneurs about the dangers of working with dishonest entities. The steps we are taking are aimed at reducing the risk of similar cases in the future and protecting honest companies from international trade fraud.

For the sake of self-interest and honest suppliers on an ongoing basis We monitor the activity of affiliates of Olarox OÜ, MetEnergie OÜ and Liberta Line Sp. z o.o. – We are constantly analyzing their operations and possible changes in ownership and management structure. We work with law enforcement agencies to detect new methods used by fraudsters and prevent them from continuing their criminal activities.

Running a business requires responsibility

Only a full admission of fraud and immediate remediation can cause us to retract our actions. Every businessman should be held accountable for his actions, instead of avoiding consequences and looking for excuses. Doing business properly means not only making a profit, but also reliably meeting obligations and bearing the consequences of your decisions.

How do you protect yourself from similar scams?

Checking the contractor in the business records

Before you decide to cooperate, it is a good idea to check the counterparty in public business registers, such as KRS, REGON, as well as European (in this case, Estonian) company databases. The analysis of this data makes it possible to assess whether the company actually exists and is actively operating. Lack of registration or a suspicious financial history can be a warning sign. It is also worth checking whether the entity is listed on business warning lists.

Avoiding prepayments without guarantees

Never prepay unless you have adequate guarantees to secure the transaction. It is advisable to use payment methods that minimize risk, such as bank letter of credit, escrow or transaction insurance. For large transactions, it is a good idea to obtain written collateral and consult with a lawyer or financial advisor about payment terms. Fraudsters often take advantage of time pressure, so it is always a good idea to carefully review payment terms before transferring funds.

Reviews and testimonials – how to analyze them?

It is a good idea to check reviews of a contractor in industry forums, social media and warning databases before doing business with him. Searching for transaction histories and third-party ratings can reveal potential risks. If a company avoids providing references or there are complaints about its operations, be very careful. Reliable entrepreneurs have no problem providing positive feedback from their customers.

Use of legal services before signing a contract

Any large-scale transaction should be secured by an experienced lawyer. Analysis of the contract by a specialist helps avoid unfavorable clauses and potential legal risks. A lawyer can also help negotiate and offer additional safeguards to make the transaction more secure. Investing in professional legal services can prevent costly mistakes and unfair practices on the part of a contractor.

Call to action

We encourage all companies to be extra cautious when contracting with new contractors and to share information about suspicious transactions. Cooperation and sharing of experience among entrepreneurs can help identify fraudulent companies and prevent further cases of fraud. Companies that have encountered similar problems should report their cases to the relevant authorities to increase the chances of holding the perpetrators accountable. Each report contributes to building a safer business environment where unfair practices have no place.

MBF Group SA does not intend to passively observe the actions of fraudsters and will take all available legal steps to stop them. Individuals and companies who may have similar experiences or suspicions about certain contractors are encouraged to contact us. Together, we can raise awareness of the risks in international trade and minimize the risk of losses from fraudulent activities.