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DIFFERENT ANGLE by Kenneth Rijock
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
Austria freezes $4m from closed Russian bank
30 May 2007
Austrian authorities have reported that they have frozen $4m on deposit in a major Austrian bank that was transferred from Russia to the correspondent account of the now-closed Diskont Bank. Other funds, significantly more,were transfered through Austria, but have now left the country. There are suspected links between the revocation of Diskont Bank's charter and the murder of Andrei Kozlov, First Deputy Chairman of the Central Bank of Russia (CBR), last year.
The allegations of suspicious transactions involving Diskont Bank [UID 628886] are incredible, even in today's world:
It is important to remember than Andrei Koslov [UID 188724] was murdered two weeks after the bank was shuttered by regulators for violations of Russian laws on money laundering. The accused mastermind of the crime, Alexei Frenkel [UID 554271], recently lost his appeal; his attorney had claimed that the charges against him were vague and unclear. Seven individuals are in custody in connection with the murder.
- $112m, transferred in from three offshore companies, went through Diskont Bank's correspondent account in Austria, en route to 50 offshore companies, in a period of four days before the accounts were frozen by the CBR.
- $ 44m went through in just one day, en route to 34 offshore companies.
- One funds transfer actually went through after the bank's license was revoked and its accounts frozen. (We wonder how that was accomplished, and whether any Russian government regulators assisted in this transaction).
- Some of the funds were transferred to Latvia.
It is important to remember than Andrei Koslov [UID 188724] was murdered two weeks after the bank was shuttered by regulators for violations of Russian laws on money laundering. The accused mastermind of the crime, Alexei Frenkel [UID 554271], recently lost his appeal; his attorney had claimed that the charges against him were vague and unclear. Seven individuals are in custody in connection with the murder.
The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.
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