Tuesday, November 12, 2013

Money Laundering Case Opened Against Former Bank of Moscow Execs

Russian investigators have opened a money laundering case against former Bank of Moscow president Andrei Borodin and his ex-first deputy, Dmitry Akulinin, the Interior Ministry said Monday. A fraud case had earlier been initiated against them. The Interior Ministry has said that Borodin and Akulinin from 2008 till 2011 organized the transfer of at least 50 billion rubles ($1.5 billion) from Bank of Moscow to accounts of affiliated commercial companies in Cyprus. Then they allegedly laundered the funds via affiliated non-resident companies registered in Cyprus. According to investigators, the former bankers conducted illegal financial transactions in excess of 623 million rubles ($19 million).


No comments:

Post a Comment