• English posts

    Last Stop for Some of Danske Bank’s Dirty Money: Spanish Real Estate

    Some of the $230 million at the heart of Europe’s widening money-laundering scandal was ultimately spent on Spanish real estate, according to anti-corruption prosecutors in Madrid. Their investigation following a trail that originated in Russia broadens an inquiry that so far has concentrated on the Baltic states and Scandinavian banks including Danske Bank A/S and Swedbank AB. The Spanish probe alleges that a money-laundering ring moved about 35 million euros ($39 million) through accounts in Moldova, Ukraine and Lithuania and then via Estonia to Spain, providing new details about the final destination of some of the cash. The funds “have been laundered since 2008 through an international structure of companies, banks and…

  • 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…