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Wed Mar 6, 2019, 01:54 AM

An explosive expose of a $9 billion Russian money-laundering operation entangles Citigroup,

An explosive exposé of a $9 billion Russian money-laundering operation entangles Citigroup, Raiffeisen, and Deutsche Bank

https://www.businessinsider.com/expos-on-russian-money-laundering-operation-entangles-banks-2019-3?utm_source=reddit.com

By Calkum Burroughs at Business Insider

"SNIP....

 A group of investigative journalists have published their findings on what they are calling "the Troika Laundromat," described as a $9 billion money-laundering operation with links to politicians and Russia's largest private investment bank.

The investigative-journalism group The Organized Crime and Corruption Reporting Project worked with others including the Lithuanian news site 15min.lt and 

The Guardian for the project.Investigators said the project represented one of the largest releases of banking information ever and entangled Western banks including the US-based Citigroup, the Austria-based Raiffeisen, and the Germany-based Deutsche Bank.

The explosive report sent shares of Raiffeisen tumbling 14% in Tuesday trading. The bank says it is opening an internal investigation.

.....SNIP"

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Reply An explosive expose of a $9 billion Russian money-laundering operation entangles Citigroup, (Original post)
applegrove Mar 2019 OP
Hermit-The-Prog Mar 2019 #1
BSdetect Mar 2019 #2

Response to applegrove (Original post)

Wed Mar 6, 2019, 03:41 AM

1. theguardian


https://www.theguardian.com/world/2019/mar/04/banking-leak-exposes-russian-network-link-to-prince-charles-troika-laundromat

A charity run by Prince Charles received donations from an offshore company that was used to funnel vast amounts of cash from Russia in a scheme that is under investigation by prosecutors, the Guardian can reveal.

Money flowing through the network included cash that can be linked to some of the most notorious frauds committed during Vladimir Putin’s presidency.

[ ... ]

There is no suggestion that end recipients of funds were aware of the original source of the money, which arrived via a disguised route. However, the documents indicate that criminal and legitimate money may have been mixed together, making it impossible to trace the original source, before passing through screen companies into the global banking system.

[ ... ]

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Response to applegrove (Original post)

Wed Mar 6, 2019, 08:51 AM

2. Ah, Citygroup a shining class act of corporate rape. Screwing customers and now ....

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