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Russian Fund Accuses RZB of Money Laundering
The Russian fund Hermitage Capital, which has been at loggerheads with the Russian authorities for years owing to a major tax fraud case, now accuses the Raiffeisen Zentralbank (RZB) for having aided and abetted the money laundering.
Russian Fund Accuses RZB of Money Laundering / Picture: © Vindobona.org
RZB rejects this categorically: The transfers were examined internally and externally, and the results show no evidence of illegal acts, stressed the bank.
Hermitage accuses the Russian authorities of purloining documents and then re-registering three subsidiaries under other shareholders’ names with them. Immediate afterwards, claims for the amount of the annual profit of…
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