Did the $4.8 billion loan from the IMF to Russia finance the Chelsea football club and the Runicom trading group

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By thecounterpunch

From the Times:

For the first time, the Swiss have revealed why they were forced to abandon their investigation: Russia and the United States, it has emerged, refused to divulge what they knew about the scandal. As a wall of silence was erected from Moscow to Washington, the investigation was marred by violent intimidation. Laurent Kasper-Ansermet, the investigating magistrate who launched the Swiss investigation, was left bleeding and unconscious in an attack in St Petersburg during a visit to Russia.

The Chelsea football club owner Roman Abramovich was one of the key suspects in the lingering mystery over the possible misuse of a $4.8 billion loan from the International Monetary Fund (IMF) to Russia. Mr Abramovich and, in particular, his Runicom trading group are named in documentation from a Swiss inquiry into what happened to a huge injection of Western aid designed to prop up the ailing rouble.

The Swiss believed that Mr Abramovich, through Runicom, was one of the controllers of a web of secret caisses noires, usually translated as slush funds, which were operated by associates of the former President, Boris Yeltsin.

From AP Geneva:

Federal prosecutors allege that the Bank of New York, one of the country's largest banks, served as a conduit for $7 billion in Russian money, some believed to be from criminal activities.

Some allegations have said the Bank of New York case included funds lent to Russia by the IMF.

Kasper-Ansermet said he was traveling to the United States Tuesday to meet with bank officials in New York and Washington. He declined to give details.

Among the issues on the agenda will be the failure of U.S. authorities to respond to a request for information on any links in the Bank of New York case to Switzerland. Kasper-Ansermet sent the request in January and said he had received no answer.

Comments

Andy 5 years ago

What a load of drivel.

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