Connect with us

Hi, what are you looking for?

World News

UK crime agency arrests ‘wealthy Russian’ over money laundering

LONDON — Britain’s National Crime Agency (NCA) said on Saturday it had arrested a “wealthy Russian businessman” on suspicion of money laundering and other offenses as part of a crackdown on corrupt oligarchs.

The NCA said the 58-year-old was among three men arrested by officers from the Combatting Kleptocracy Cell (CKC) on Thursday at a “multi-million-pound residence” in London.

The Russian embassy in London has demanded information from Britain’s Foreign Office on the reasons and circumstances of the detention of the unidentified businessman and the conditions in which he was being held, Russian news agencies said.

The man was detained on suspicion of money laundering, conspiracy to defraud the Home Office (interior ministry) and conspiracy to commit perjury, the NCA said.

A 35-year-old man was arrested at the premises after he was seen leaving with a bag which contained thousands of pounds in cash. A former boyfriend, 39, of the businessman’s partner was also arrested at the property, police said. All three have been released on police bail.

NCA Director General Graeme Biggar said the CKC, which was set up earlier this year to tackle attempts to evade sanctions and to disrupt corrupt elites, was having a significant impact on oligarchs’ criminal activity, the professional service providers that supported them and those linked to the Russian government.

“We will continue to use all the powers and tactics available to us to disrupt this threat,” Biggar said in a statement.

The NCA said it had so far secured nearly 100 “disruptions” — described as actions that demonstrably removed or reduced a criminal threat — against elites linked to President Vladimir Putin and their enablers.

These included a number of asset freezing orders on accounts held by people linked to sanctioned Russians.

Britain has so far sanctioned more than 1,200 individuals and over 120 entities following the Russian invasion of Ukraine. — Reuters

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    Business

    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...

    Business

    Since the rise of online casinos, cybersecurity has become a major concern for both casino operators and players alike. The transactions that go around...

    Business

    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 rightdecisionnow.com | All Rights Reserved