Moldova has launched criminal proceedings in a money laundering case involving its biggest bank, the Russian mafia and six EU countries.
The move comes after a UK-based investment firm, Hermitage Capital, filed a complaint with the Moldovan prosecutor in June.
Documents obtained by Hermitage indicate that a Russian organised crime group – dubbed the Kluyev Group – in 2008 wired $53 million of stolen money from an account in Russia’s Bank Krainiy Sever to two accounts in Moldova’s Banca de Economii.
They also indicate that Banca de Economii later wired the money to multiple accounts in Austria, Cyprus, Estonia, Finland, Latvia and Lithuania, as well as Switzerland and Hong Kong.
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