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Saturday, 27.04.2024, 01:53
Russia discovers capital outflow caused by money transfers to Latvian and Estonian bank accounts
BC, Riga, 20.10.2014.
Print version
Print versionRussian investigators have come across capital outflow in the amount of more than one billion rubles (EUR 19 million), caused by money transfers to non-resident accounts in Latvian and Estonian banks, Russian Ministry of Interior reports.
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Moscow police officers have arrested three people in this regard, writes LETA/RBC.
Directors of several commercial companies and two former and current directors of two Moscow finance institutions are suspected of facilitating the capital outflow, the ministry's announcement says.
The investigation revealed that the suspects signed fictitious contracts with foreign companies on road construction procurements, and later transferred the money to non-resident bank accounts in Latvia and Estonia. The supposedly-procured products never entered Russia.
In this way Russia has suffered a capital outflow in the amount of more than one billion rubles.
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