WASHINGTON: US authorities are investigating a member of Russian President Vladimir Putin’s inner circle for money-laundering, The Wall Street Journal reported Wednesday.
In a politically thorny tightening of screws on Putin’s billionaire allies, the Justice Department and New York state prosecutors are looking into whether Gennady Timchenko transferred funds linked to allegedly corrupt deals in Russia through the US financial system, the Journal reported citing a number of unnamed people familiar with the case.
“The prosecutors are probing transactions in which the Geneva-based commodities firm Mr. Timchenko founded, Gunvor Group, purchased oil from Russia’s OAO Rosneft and later sold it to third …read more
Source: theSun
