Russian police considers putting Deutsche Bank ex-top manager on wanted list

Russian police considers putting Deutsche Bank ex-top manager on wanted list
Tim Wiswell

The Court considers arresting Tim Wiswell, a US citizen and the former head of the Deutsche Bank Russian Trading Branch, due to an investigation into a theft of millions of rubles from Promsberbank. The police have recently arrested Ivan Myazin, the ‘shadow banker No. 1.’

The investigation could end up being the largest investigating into shady banking practices. The testimony of Boris Fomin, the former Promsberbank chair of the board, was what has boosted the investigation. Fomin had been on the wanted list for two years. He was eventually arrested in the fall of 2017. He entered a plea bargain and testified against his accomplices who had stolen 3.2b rubles from Promsberbank through fly-by-night companies. Tim Wiswell, a US citizen and the former head of the Deutsche Bank Russian Trading Branch, was one of the people whom Fomin testified against. Wiswell was responsible for transferring ‘dirty’ money from Russia through Deutsche Bank.

Wiswell received $100 thousand monthly for closing transactions involving securities and money using Deutsche Bank, according to the testimony. Fomin said who would hand Wiswell the money, as well as where and when they would do it. Fomin was one of those people.

This is why the MIA want to talk to Wiswell, Rosbalt reported. It is possible Russia will arrest Wiswell in absence.

“Fomin gave out a lot of information; there is a lot to work with. For example, the police will check his information regarding Russky Zemelny Bank and activities of former Deutsche Bank employee Tim Wiswell. The police have a lot of questions for him and want to interview him alongside Fomin. If they fail to do it then Tim Wiswell may end up on the wanted list,” Rosbalt's source said. 

Fomin reportedly mentioned everyone he knew who was involved in the theft after entering the plea bargain and testifying. The police are interviewing him, asking questing about each individual crime of the entire scheme. The police had previously interviewed Fomin alongside Ivan Myazin, the ‘Russian shadow banker No. 1.’ The interviews resulted in Ivan Myazin being arrested for allegedly having stolen 3.3 billion rubles ($53 million) from Promsberbank. Myazin refuses to testify quoting Article 51 of the Russian Constitution, according to Rosbalt. He has been put in the Matrosskaya Tishina jail. Former Promsberbank co-owner Aleksey Kulikov will soon be escorted from prison to be interviewed alongside Fomin.

To recall, Wiswell is one of the suspects in the investigation into 2015 ‘mirror deals’ in favor of people hailing from Chechnya who have ties to the Kremlin. Perpetrators bought and sold securities on behalf of the Russian company and an offshore company that were both owned by the same people. They did it to transfer money from Russia, converting rubles to dollars, pounds, and euros. Broker Igor Volkov ordered traders Dina Maksutova and Georgy Buznik to close the transactions. Wiswell covered them. They were all fired when the scheme was exposed.

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