Mankind's only alternative 25   MAR.   17  
Mankind's only alternative
War Nerd RSS
MAIN  RUSSIA  WAR NERD   [SIC!]  BAR-DAK  THE VAULT  ABOUT US  RSS
 
 
EXILE BLOGS

The Fall of The eXile For all those wondering what the "Save The eXile Fundrasier" banner is all about, here it is as simply as it can be phrased: The eXile is shutting down.
June 11, 2008 in eXile Blog

War Nerd: War of the Babies in Taki's Magazine The War Nerd talks about babies, the greatest weapon of the 20th century.
May 28, 2008 in eXile Blog

Kids, Meet Your President A website for Russian kids to learn all about President Medvedev's passion for school, sports and family.
May 22, 2008 in eXile Blog

Cellphone Democracy Cam If this girl was exposed to Jeffersonian democracy...
May 20, 2008 in Face Control

More Classy B&W Dyev Photos Yet another hot Russian babe imitating the Catpower look...
May 20, 2008 in Face Control

Proof That Genetic Memory Is Real! Sure, the Ottomans shut down the Istanbul Slavic slave markets centuries ago...
May 15, 2008 in Face Control

Russia's Orthodox Church Youth Outreach Program The priest is going, "Father Sansei is very impressed with grasshopper Sasha’s...
May 15, 2008 in Face Control

More Classy B&W Club Photos w/Russian Dyevs We took the Pepsi Challenge here...
May 15, 2008 in Face Control

Blogs RSS feed

Russia June 1, 2007
 
Who Whacked Kozlov?
An update on last year’s Central Bank murder mystery By Yasha Levine Browse author Email
 
 

This one is big. Not as big as the UK charging Lugovoi for the world's first radioactive contract kill, but big nonetheless. A story in New Times, a semi-independent Russian newspaper, has implicated Russia's top government and private financial institutions in what might be the biggest money laundering and state-theft racket since the Yeltsin years. The scandal goes all the way to the top and is probably the reason for last September's hit on Central Bank deputy Andrei Kozlov, a Kremlin inside job signed off at the highest levels of power to keep a lid on operation.

You might recall that in 2006 Andrei Kozlov, the second-in-command at the Central Bank of Russia (CBR), was mysteriously gunned down in broad daylight as he left a soccer game. At the time of the murder, the prosecution guessed the whack job was carried out by one of the many enemies he made while at the helm of the CBR and pinned the crime on Alexei Frenkel, a small-time banker whose bank license Kozlov revoked a few years earlier. Frenkel professed his innocence and tried waging a dirty kompromat war against the CBR to secure his release. But it didn't do him any good. The case against him was shaky: there as no direct evidence, the established motive was questionable and no one was willing to testify. But it didn't matter; the prosecutor had it in for him. (I wrote about this extensively in eXile #257.) That was back in February. Now, based on police documents dug up by New Times, it's becoming obvious that the prosecution nabbed - or more likely, set up - the wrong guy.

Right before his murder, Kozlov stumbled upon a massive money-laundering operation involving a little-known, fly-by-night Moscow bank called Diskont. The scheme was linked to Gazprom Bank, Vneshtorgbank, Sberbank, Alfa Bank and about a dozen other top-tier financial institutions. It worked like this: The various banks would transfer massive sums of money (potentially hundreds of millions of dollars in a single day) into a couple of Diskont bank accounts registered to Russian shell companies held by Diskont Bank employees. They, in turn, would wire the cash to Raiffeisen bank accounts held by another set of shell companies, this time registered offshore. In the third and final step, the cash would be divvied up and wired to private accounts held at various Western banks. The scheme had been going on since the early 2000s. It isn't known who the final recipients of the money were, nor is the total amount of cash wired out of Russia. Diskont Bank never reported these transactions to the CBR. Just to get a sense of the scale, on August 29, 2006 CBR observed $1.6 billion go through Diskont Bank's accounts to Raiffeisen. New Times alleges that Diskont received a 10% cut from the money the bank wired overseas.

Diskont Bank's license was revoked on September 1, 2006 and a criminal investigation was launched into its activities. Ten days later Kozlov's brains were splattered all over Spartak's parking lot. Seems like a good lead to follow, right? Wrong. The investigation into Kozlov's murder never addressed or even mentioned this connection. Probably for good reason. According to New Times' MVD source, high-placed chinovniki have been siphoning government funds to personal accounts guised as money transfers for the financing of the underwater Baltic gas pipeline linking Russia and Germany that's currently under construction. Yeah, that's the one former German Chancellor Gerhard Schroeder is in charge of. Part of the money-laundering trail went through dummy accounts in Raiffeisen bank because it is financing a part of the pipeline project and gives the illegal transactions a cloak of legitimacy. According to the source, although an active criminal investigation is still open against Diskont Bank, the MVD is putting a lid on the situation. They are moving the trial into a provincial court where it will go unnoticed and can be better manipulated. They're also firing anyone who was involved in the investigation of Diskont.


SHARE:  Del.icio.us  Digg  My Web  Facebook  Reddit
Levine
Browse author
Yasha Levine is an editor at The eXile. You can contact him at yasha@exile.ru
 
 
FROM THE VAULT
$$$
Separated At Worth :

Nemtsov’s White Paper: Bombshell or Dud? :
Comix
Anne Applebaum is Gulag Raider :

Moscow Land Grab! :
 

 
 
 
LATEST ARTICLES

Save The eXile: The War Nerd Calls Mayday
Editorial
The future of The eXile is in your hands! We're holding a fundraiser to save the paper, and your soul. Tune in to Gary Brecher's urgent request for reinforcements and donate as much as you can. If you don't, we'll be overrun and wiped off the face of the earth, forever.

Scanning Moscow’s Traffic Cops
Automotive Section
We’re happy to introduce a new column in which we publish Moscow’s raw radio communications, courtesy of a Russian amateur radio enthusiast. This issue, eXile readers are given a peek into the secret conversations of Moscow’s traffic police, the notorious "GAIshniki."

Eleven Years of Threats: The eXile's Incredible Journey
Feature Story By The eXile
Good Night, and Bad Luck: In a nation terrorized by its own government, one newspaper dared to fart in its face. Get out your hankies, cuz we’re taking a look back at the impossible crises we overcame.

Your Letters
[SIC!]
Russia's freedom-loving free market martyr Mikhail Khodorkovsky answers some of this week's letters, and he's got nothing but praise for President Medvedev.

Clubbing Adventures Through Time
Club Review By Dmitriy Babooshka
eXile club reviewer Babooshka takes a trip through time with the ghost of Moscow clubbing past, present and future, and true to form, gets laid in the process.

The Fortnight Spin
Bardak Calendar By Jared Lindquist
Jared comes out with yet another roundup of upcoming bardak sessions.

Your Letters
[SIC!]
Richard Gere tackles this week's letters. Now reformed, he fights for gerbil rights all around the world.

13 Toxic Talents: Hollywood’s Worst Polluters
America By Eileen Jones
Everybody complains about celebrities, but nobody does anything about them. People, it’s time to stop fretting about whether we’re a celebrity-obsessed culture—we are, we have been, we’re going to be—and instead take practical steps to clean up the celebrity-obsessed culture we’ve got...

 
 
 

    MAIN    |    RUSSIA    |    WAR NERD     |    [SIC!]    |    BAR-DAK    |    THE VAULT    |    ABOUT US    |    RSS

© "the eXile". Tel.: +7 (495) 623-3565, fax: +7 (495) 623-5442
E-mail: office@exile.ru