German authorities raided a large bank suspected of money laundering

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 German authorities raided a large bank suspected of money laundering < /p>

German authorities raided UBS branches in Frankfurt and Munich as part of an investigation into allegations of money laundering by Russian oligarch Alisher Usmanov, Reuters reports.

Suspicion of money laundering is in the double digits of millions of euros, a spokesman for the Frankfurt prosecutor's office said on Tuesday. unfounded, false and slanderous.

“The entrepreneur is a law-abiding and conscientious taxpayer who has paid taxes in Russia”, — The spokesman declined to comment on whether the searches were linked to Usmanov.

Swiss bank UBS confirmed on Tuesday that two of its branches were raided and that it was cooperating with the authorities.

businessman from the Russian Federation”, — said a spokesman for the Frankfurt prosecutor's office.

“The investigation is not directed against the relevant banking institution or its employees. The searches are being carried out as part of the same pre-trial proceedings that have already conducted searches of the defendant's home in the Miesbach area and on his yacht.

German police investigating money laundering charges against Usmanov have already searched a yacht in the north of Germany and two houses in Miesbach in the south of Bavaria.

The accused is suspected of organizing several transactions in 2017-2022 in order to hide their origin, the prosecutor's office said.

Usmanov, who, according to Forbes, has a net worth of $14.6 billion, is at the center of two separate investigations into his finances in Germany.

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