Russians Caught Laundering Money In Hungary
- 23 Mar 2017 8:42 AM
Hungary is involved in the so-called 'Laundromat' case, in which USD 22 billion of Russian money has been laundered through transfers within Europe, it was revealed this Tuesday by the international Organized Crime and Corruption Reporting Project.
According to an infographic in Novaya Gazeta, 68 transactions were conducted in Hungary with a total value of USD 24.6 million.
The laundering is aimed at transferring money illegally out of Russia. According to the general pattern, the gang set up fictitious companies in the UK, with CEOs from Moldavia or Ukraine, who sued Russian individuals or companies in Moldova for unpaid invoices. The money transfer then became legal based on a Moldovan court ruling.
Source: Hungary Around the Clock
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