Media: Sergey Pugachev could launder money through Danish bank
According to Danish Broadcasting Corporation, the banker owned an unknown Danish company called Revis Aps between 2007 and 2015.
Former head of the International Industrial Bank Sergey Pugachev and his son Alexander could launder money through the Danish Jyske Bank. It was reported by the Danish Broadcasting Corporation (DR). The DR journalists drew attention to Pugachev’s activities after having studied the Panama Papers.
According to DR, Alexander Pugachev owned an unknown Danish company called Revis Aps between 2007 and 2015. In 2007, Mejprombank transferred 35 million Danish kroner ($ 5 million) onto the company’s account in Jyske Bank. A few years later, the Danish company's management stated that it could not pay the debts to Mezhprombank while Revis Aps acquired a stake in a company registered in the British Virgin Islands on Alexander Pugachev’s name for 37 million DKK. In 2016, the liquidation procedure of Revis Aps started in Denmark, but it was not completed.
According to Lars Krull, professor of Aalborg University Faculty of Business and Management, who participated in the investigation, this scheme is similar to money laundering. He believes that the bank the Pugachevs were cooperating with, failed to comply with Danish laws regarding the potentially dangerous clients who may be linked to illegal schemes. Jyske Bank refused to comment on the information about the customers, but stressed that the bank’s activities comply with the law.
We should remind that Sergey Pugachev was put on the wanted list in Russia. In a separate development, the Deposit Insurance Agency (ASB) was collecting the funds that had been illegally removed from Mejprombank controlled by him in the British court, according to the plaintiffs. The High Court in London froze the banker's assets around the world in July 2014. The English Court sentenced the Mejprombank founder for contempt of the court.