Multibillion-Dollar Money-Laundering Scheme Run By Russia’s Largest Private Investment Bank Uncovered, Report Says


March 4 2019

An almost $9 billion global money-laundering scheme allegedly set up and run by Russia’s largest private investment bank and having close ties to the country’s ruling elite has been uncovered by the Sarajevo-based Organized Crime and Corruption Reporting Project (OCCRP).

An OCCRP investigation published on March 4 alleges that the $8.89 billion scheme, dubbed the Troika Laundromat, allowed corrupt politicians and organized-crime figures to launder funds, evade taxes, hide assets abroad, and carry out other illegal activities.