Myaso: Promsberbank ex-Chairman opens up about funneling $21 billion from Russia through Moldova

Myaso: Promsberbank ex-Chairman opens up about funneling $21 billion from Russia through Moldova

Boris Fomin said he was ready to specify both the names of the group organizers and their major clients.

The Prosecutor General's Office of the Russian Federation referred the case of Boris Fomin, former Chairman of the Board of Promsberbank, accused of involvement in the withdrawal of 3.2 billion rubles ($50.5m) from his bank, to Podolsky Court, pens Rosbalt.

Fomin’s case will be reviewed using a special procedure since he agreed to cooperate with the investigation. The ex-banker said how millions of dollars had been laundered through various lending institutions, as well as who had been complicit in these schemes. Furthermore, he stated his readiness to testify about the 'Laundromat' - a channel through which upwards of $21 billion was funneled from Russia through Moldova.

According to Fomin, the 'Laundromat' was developed by several shadow bankers and other persons that acted under the conditions of the ultimate conspiracy. They reportedly called their association Myaso (Meat). The former banker announced his readiness to disclose the names of the creators of Myaso and its main customers.

Also, the ex-banker said that being a hired employee of Promsberbank, he fulfilled the assignments of its conspicuous and silent owners, in particular - shadow financiers Ivan Myazin and Alexey Kulikov. When a criminal case on the theft of 3.2 billion rubles ($50.5m) was filed, Myazin suggested that Fomin go abroad for a while, until he "settled the issue." As a result, Fomin moved to an apartment in Croatia belonging to Myazin's relatives.

Fomin subsequently learned that Myazin had given testimony against him as a witness, and he had been put on the wanted list. The banker suspected that embezzlement could be pinned on him. He clandestinely moved to another country. Myazin unrelentingly asked him to reveal his whereabouts, which caused Fomin to suspect that he could be liquidated as an unwanted witness. Fearing for his life, he returned to Russia, where he was detained by law enforcement agencies.

During the interrogations, Fomin said that the organizer of the thefts was Myazin. In May 2018, he was rounded up. According to the former Chairman of the Board of Promsberbank, he met Myazin between 2005 and 2006, when he was in charge of the Siberian Bank for Economic Development. A year later, Myazin bought this bank, and then he offered Fomin to join investment company Financial Bridge under the leadership of Oleg Belousov. Another member of Myazin’s team was Alexey Kulikov, who dealt with VAT refund.

Fomin noted that Myazin had "extensive ties" in law enforcement agencies, the Central Bank of the Russian Federation and the Federal Service for Financial Markets, liquidated in 2013. With the help of his connections, Myazin organized "shield for the activities of investment companies to withdraw funds abroad." The withdrawal of money at different times involved Russian Land Bank, Rossiysky Kredit, and Deutsche Bank. The former Head of trading of the Russian unit of the latter, Tim Wiswell, carried out transactions with securities and currencies through the bank, which were part of the embezzlement scheme, for a monthly remuneration of $100.000. According to Fomin, he gave Wiswell money several times.

The financier also told that Myazin and Belousov had created companies in which cash was withdrawn for the transfer to the Central Bank as bribes. For remuneration, representatives of the Central Bank turned a blind eye to illegal operations on moving funds out of the country.

Discuss

Recommended

1 / 3