International Internet Magazine. Baltic States news & analytics
Saturday, 19.04.2014, 10:04
Estonia uncovers 10 mln dollars in Russian money laundering case
Lithuania, Cyprus and Switzerland are also chasing the stolen cash.
As reported, prosecutors decided to freeze some accounts in Lithuania-based bank Ukio Bankas that are related to the so called Magnitsky list. It is suspected that Vladimir Romanov-led bank was used to launder money pumped from the Russian budget – around 13 million US dollars.
Lithuanian law enforcement institutions are contributing a globally known investigation launched by Russian lawyer Sergei Magnitsky who died in mysterious circumstances. A total of 28 accounts at Ukio Bankas were frozen.
The amount of money held in these accounts are no large, not more than 40,000 dollars in each of them.