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Russian banker accused of moving EUR 45 bln via Baltics arrested
BC, Vilnius, 05.11.2015.
Print version
Print versionPolice in Moscow detained a banker this week who is accused of illegally moving about 45 billion euros out of the country over the last three years using credit default schemes, LETA/BNS/Bloomberg said.
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The banker, Alexander Grigoryev, was laid by a SWAT team out on the floor of a restaurant where he was having dinner with his girlfriend.
Most of the money was allegedly moved out through Moldova and the Baltic states. Russian firms, set up especially for the purpose, guaranteed the debts of companies in those countries. The companies defaulted, their fictitious creditors went to court in Moldova, Lithuania and Estonia, and the court decisions served as legal grounds for money transfers out of Russia.
The scheme was in existence for years, at last since 2011, but the crackdown has only come now that the Russian government has gotten serious about keeping money inside Fortress Russia, Bloomberg said.
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