Also the total volume of credits that financial institutions had granted to their customers has been reduced in December, up to 1,205 billion euros, from the 1,224 billion of the previous month. Only in the records to offices in Germany have been confiscated more than 50 million euros in cash, but it is estimated that the “Russian Laundry” has laundered capital from May 2019 Calendar Singapore Russia worth more than 25,000 million. German investigators have dismantled this system of money laundering, one of the largest in history, which was dedicated to withdraw money from Russia and transfer abroad through banks in Latvia and Moldova, as specified by the Prosecutor No. 1 of Munich and the Federal Office of Criminal Investigation.
May 2019 Calendar Singapore
In the investigation, still open in Munich, there are now identified three suspects, who own four buildings in the German states of Bavaria and Hesse worth 40 million s euros. At least one of the three resides in Munich and from there directed the operations. One of the central figures of the group would be an executive of the Latvian bank Trasta Komercbanka (TKB). The entity was liquidated in 2016 by the authorities in Riga for alleged criminal operations but the operations continued to make their way through a hundred countries.
The German Federal Criminal Investigation Office (BKA) has been investigating the case for three years, in cooperation with the Latvian police. The link between the three suspects and the financial activities through the TKB was not officially reported, but the May 2019 Calendar Singapore agents describe “complex financial mechanisms”, according to research carried out by the OCCRP consortium. Fictitious credits granted in the context of supposed fictitious transactions between firms based on postal boxes created by the suspected group would have been paid. The persons who had the fictitious credits in their name were, nevertheless, real, and would have formed part, according to OCCRP, of the «Russian Laundry», devoting to divert the funds to accounts in Moldova. From there the money would have been transferred to Latvia and, as a result, to the European Union. Once inside the Shengen territory, the free movement of capital made everything much simpler.