Gunvor claims to be caught up in political crossfire over alleged investigation
MOSCOW, November 6 (RAPSI) – Swiss oil trader Gunvor says it has not been notified of an investigation involving its contracts and has denied all reports about inspections by regulatory authorities as unsubstantiated rumor, according to the company statement released on Thursday.
Several days ago, The Wall Street Journal wrote, citing its sources, that the US Attorney’s Office for the Eastern District of New York was investigating whether Gennady Timchenko’s company transferred funds linked to allegedly corrupt deals in Russia through the US financial system.
In particular, the attorneys are probing transactions in which the Geneva-based Gunvor Group purchased oil from Russian oil giant Rosneft and later sold it to third parties. According to the WSJ, investigators have in recent months requested information about the prices Gunvor charged.
The company statement says that Gunvor had not been notified of any investigation involving the company itself and cannot comment about Mr. Timchenko, who sold his stake in the firm just before the US sanctions were announced. Company’s spokesperson, Seth Pietras added, that information regarding Gunvor was unsubstantiated speculation, or rumor at best, based on second or third party information.
Rosneft’s press service was not available for comment.