Baltic States – CIS, Banks, Estonia, Financial Services, Legislation, Lithuania

International Internet Magazine. Baltic States news & analytics Monday, 20.05.2013, 00:35

Estonia uncovers 10 mln dollars in Russian money laundering case

BC, Tallinn, 25.01.2013.Print version
Estonia's public prosecutor Piret Paukstys has said ten million dollars of stolen Russian tax money linked to the death of anti-corruption activist Sergei Magnitsky was moved out of Russia through Estonia using ten separate companies and Internet transfers, EU Observer reports on Friday, writes LETA.

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.




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