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Browder Says Europe May Be Looking at $1 Trillion in Dirty Money

Bill Browder, the investor who’s made a career of chasing money launderers, says the cases he’s brought against banks so far only represent a tiny fraction of the full amount in dirty money trying to get out of Russia and into the West. The Hermitage Capital Management co-founder, who says he has worked closely with law enforcement agencies across Europe, estimates that roughly $1 trillion in questionable funds from the East are either already inside the European Union or looking for loopholes to get in.

“Our investigation continues to lead to new evidence and new information and new suspicious transactions,” Browder said in an interview with Bloomberg Television’s Guy Johnson. “And as long as it does, we will take that evidence and follow that evidence where it leads.”

Read the full article published on the Bloomberg news website.