How did billions of dollars get moved out of Russia through the Troika Laundromat?

[MelissaB]

NEW: How did billions of dollars get moved out of Russia through the #TroikaLaundromat? In this video, we break down the massive operation behind the financial scheme and some of the key players that have been linked to it.

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[MelissaB]

1. Sergei Roldugin's cello isn't what made him globally famous - it was the #PanamaPapers.

Sergei Roldugin’s cello isn’t what made him globally famous – it was the #PanamaPapers. Now, OCCRP and its member centers reveal how this Putin pal is connected to the #TroikaLaundromat.

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Money for Nothing: Putin Friend Sergei Roldugin Enriched by Troika Laundromat
by Šarūnas Černiauskas
7 March 2019

Sergei Roldugin’s mastery of the cello isn’t what made him globally famous.

Media outlets worldwide illuminated the Russian musician’s finances when the Panama Papers investigation revealed that he was behind a network of offshore companies worth hundreds of millions of dollars. Now, a new leak of over 1.3 million banking transactions and other documents has identified additional financial manipulations that further benefited two companies Roldugin is associated with.

Such wealth is inexplicable for a Russian classical musician, even one honored with the title of People’s Artist of Russia, as Roldugin has been. The revelations about Roldugin’s money have piqued public interest because the cellist is known to be a close friend of President Vladimir Putin — and because each of the companies Roldugin was linked to in the Panama Papers investigation were set up and managed by Rossiya Bank, an institution known in Russian media as “Putin’s bank.”

The new revelations show two Roldugin-linked companies received at least US$69 million from 2008 through 2010 from a system of at least 75 offshore entities OCCRP has dubbed the Troika Laundromat.

The cellist’s companies did business with at least four shell companies that were part of the Laundromat. That operation functioned from 2006 to early 2013 and took in $4.6 billion. The system was used for many purposes, including moving money out of Russia, money laundering, hiding assets, evading taxes, and more. (It is named after the Russian investment bank Troika Dialog, which created and operated the network to benefit Russia’s elite.)

More: https://www.occrp.org/en/troikalaundromat/money-for-nothing-putin-friend-sergei-roldugin-enriched-by-troika-laundromat

[Blue_Tires]

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