Igor Linshits, president of the NEFTYANOI concern and board chairman of the bank of the name, has joined the ranks of disgraced business people in Russia, and has already left the country. The General Prosecutor’s Office has accused Linshits of money laundering and put him on the federal wanted list. Linshits stands accused of crimes under Article 172, Part 2, of the Russian Criminal Code (illegal banking activity on a large scale). According to a law enforcers source, Linshits is being accused of gaining R57 billion through unlawful banking activities, and of laundering R610 million under Article 174. Until recently, banks’ owners had not been accused of offences of the kind often attributed to their inferiors. The bank’s worries began last December when the General Prosecutor’s Office searched the bank and discovered ephemeral firms’ seals and the other documents proving money laundering.
Source: VEDOMOSTI, January 30, 2006
