• English posts

    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.…

  • English posts

    Multibillion-Dollar Money-Laundering Scheme Run By Russia’s Largest Private Investment Bank Uncovered

    An almost $9 billion global money-laundering scheme allegedly set up and run by Russia’s largest private investment bank and having close ties to the country’s ruling elite has been uncovered by the Sarajevo-based Organized Crime and Corruption Reporting Project (OCCRP). An OCCRP investigation published on March 4 alleges that the $8.89 billion scheme, dubbed the Troika Laundromat, allowed corrupt politicians and organized-crime figures to launder funds, evade taxes, hide assets abroad, and carry out other illegal activities. The investigation singles out Sergei Roldugin, the Russian cellist who is one of Russian President Vladimir Putin’s oldest friends, as one of the main beneficiaries of the scheme. The OCCRP, a group that…