European Express Bank board member detained within Moldovan Laundromat case
The banker acknowledged the fact of withdrawal but refused the fact that he was part of an organized criminal community.
The Tverskoy Court of Moscow arrested former member of the European Express Bank board Oleg Kuzmin, Kommersant reports. He is suspected of Participation in the Criminal Community (Art. 210 of the Criminal Code of the Russian Federation), which dealt with the withdrawal of funds from Russia (part 3 of Art. 193.1 of the Criminal Code of the Russian Federation) via the Moldovan Laundromat. According to the investigation, the banker was acquainted and communicated with the organizers of the criminal community: the former chairman of the Democratic Party of Moldova, Vladimir Plahotniuc, and Moldovan businessman Vyacheslav Platon.
The banker acknowledged the fact of withdrawal, but disagreed with the fact that he was part of an organized criminal community. His lawyer insisted that the actions attributed to Kuzmin belonged to the sphere of entrepreneurial activity and asked for the house arrest.
The European Express Bank's licence was revoked in 2014. More than 100 Russian firms and 20 banks were involved in the Moldovan Laundromat fraud scheme, about hundreds of billions of rubles were siphoned off.