Search of Valio Russian Offices Part of Money-Laundering Probe


Russian police searched the St. Petersburg offices of Finnish dairy-products exporter Valio on Tuesday morning in a probe unrelated to Valio’s operations but involving alleged money laundering by an unrelated entity, according to Russian investigators.

“During the course of the investigation it was established that members of the criminal world, under the guise of legal banking operations, were transferring money to the accounts of over 20 legal entities, including accounts of Valio’s subsidiaries in St. Petersburg,” Vladimir Markin, spokesman for Russia’s investigative committee, told Interfax news agency on Tuesday.

The search was aimed at finding new evidence and “had no relation to Valio’s operations,” he added.