OCCRP: Troika investment bank's offshore withdrawn $4.5 billion from Russia
Cellist Roldugin received $69 million from suspicious interconnected firms.
The Organized Crime and Corruption Reporting Project (OCCRP) analyzed the transactions of the Lithuanian bank Ukio and concluded that the Troika Dialog investment bank created a network of offshore companies and siphoned off more than $4.5 billion from Russia. The money moved from the accounts of one firm to the accounts of another one several times before reaching the final recipient to hide the dirty money, Meduza reports.
The material states that Troika has created a whole 'ecosystem' of at least 76 interconnected offshore firms. Some of them opened accounts in the Lithuanian bank Ukio. At the same time, the owners were nominal; these people did not even know about their wealth, for example, seasonal workers from Armenia.
There are friends and relatives of top Russian officials among the final recipients of remittances through the accounts of the offshore network. The founder of Troika, Ruben Vardanyan, is called the “purse of the Russian elite.” In 2012, the entrepreneur sold the business to Sberbank.
Cellist Sergey Roldugin, who is called the friend of President Vladimir Putin, received $69 million from suspicious interconnected firms.
“We acted according to the rules that existed on the world financial market at that time,” Vardanyan assured.