Currency transaction

Tag: Currency transaction

Five get long jail terms in case on illegal withdrawal of over $2B to Moldovan bank

The Tverskoy District Court of Moscow has sentenced five people to prison terms ranging from 15 to 19 years for illegal currency transfers amounting to more than 126 billion rubles (about $2.15 billion at the time of writing) with the use of falsified documents to BC Moldindconbank S.A.

18:16 12.07.2022

Russian President signs decree on external debt payment

President of Russia Vladimir Putin has signed a decree establishing a new temporary procedure of payment of the country’s foreign debt. The document was published on the official website of legal information.

17:20 22.06.2022

Russia’s Cabinet approves replacement of LIBOR rate with special Central Bank rate

The Government Law-Making Commission has approved an initiative to replace the LIBOR (London Interbank Offered Rate) rate with the special rate of the Bank of Russia when disciplining credit institutions failing to remedy registered breaches.

14:13 27.07.2021

Russian Administrative Offense Code to punish for authorizing operations with criminal properties

The Government Law-Making Commission has approved draft amendments to the Code of Administrative Offenses establishing significant fines for financial operations and transactions involving property obtained illegally.

17:46 01.06.2021

Moscow court to look into case on illegal withdrawal of over $1.6B to Moldovan bank

The Tverskoy District Court of Moscow is to consider a criminal case over illegal currency transfers amounting to more than 126 billion rubles (about $1.6 billion) with the use of falsified documents to BC Moldindconbank S.A.

13:04 13.04.2021

Sixty cases initiated in 2020 after prosecutorial inspections over withdrawal of bank funds

In 2020, Russia’s investigative authorities opened 60 criminal cases over illegal withdrawal of credit organizations’ funds abroad as a result of prosecutorial inspections.

11:32 10.03.2021

Russia’s communists propose to raise duty on currency deposit incomes

A group of lawmakers representing the Communist Party of the Russian Federation, including its chair Gennady Zyuganov, have submitted to the State Duma a bill increasing taxation of the individuals’ income from foreign currency deposits up to 15%.

14:40 27.10.2020

Rolf car dealer’s top manager to remain under house arrest for another three months

House arrest of Anatoly Kairo, the development department director of the major car dealer Rolf involved in a case over siphoning 4 billion rubles (about $60 million) abroad, on Tuesday was extended until September 25.

10:41 23.06.2020

Rolf car dealer manager’s house arrest extended for month in $60 mln siphoning case

Moscow’s Basmanny District Court on Thursday extended house arrest of Anatoly Kairo, the development department director of the major car dealer Rolf involved in a case over siphoning 4 billion rubles (about $60 million) abroad, until June 25.

11:33 21.05.2020

Rolf car dealer’s top manager to stay under house arrest until late May

The Moscow City Court on Wednesday upheld extension of house arrest of of Anatoly Kairo, the development department director of the major car dealer Rolf involved in a case over siphoning 4 billion rubles (about $60 million) abroad, until May 25.

14:26 08.04.2020

Moscow court extends house arrest of Rolf car dealer’s top manager for 3 months

The Moscow Basmanny District Court has ruled to extend house arrest of Anatoly Kairo, the development department director of the major car dealer Rolf involved in a case over siphoning 4 billion rubles ($63 million) abroad.

13:08 20.02.2020

President Putin offers bill mitigating sanctions for non-surrender of forex proceeds

Russia’s President Vladimir Putin has submitted to the State Duma a bill aimed to facilitate further improvement of business environment and to lessen risks borne by entrepreneurs.

12:52 26.12.2019

Rolf car dealer’s top manager to be held under house arrest nearly until spring

A measure of restraint was on Wednesday prolonged for three months for Anatoly Kairo, the development department director of the major car dealer Rolf involved in a case over siphoning 4 billion rubles ($63 million) abroad. Kairo thus will stay under house arrest until February 25.

13:06 20.11.2019

In St. Petersburg man gets 5-year suspended term in case over transfer of €1 bln abroad

A court in St. Petersburg has sentenced Alexander Bulatov, a person, involved in a criminal case over unlawful transfer of €1 billion from Russian into a foreign jurisdiction, to a suspended five-year term in a penal colony.

17:08 07.10.2019

Appeal against house arrest of Rolf car dealer senior executive rejected

The Moscow City Court on Monday dismissed an appeal against extension of house arrest of Anatoly Kairo, the development department director of the major car dealer Rolf involved in a case over siphoning 4 billion rubles ($63 million) abroad.

14:14 16.09.2019

Moscow court arrests owner of major car dealer Rolf in absentia

Moscow’s Basmanny District Court on Friday issued an arrest warrant for the owner of major car dealer Rolf Sergey Petrov in absentia. He is charged with siphoning 4 billion rubles ($63 million) abroad. Earlier, he was put on the international wanted list.

16:23 06.09.2019

Ex-CEO of Rolf car dealer arrested in absentia in $63 mln siphoning case

Moscow’s Basmanny District Court on Friday arrested ex-CEO of Rolf car dealer Tatiana Lukovetskaya in absentia as part of a case over siphoning 4 billion rubles ($63 million) from Russia.

14:57 06.09.2019

House arrest of Rolf car dealer senior executive extended for 3 months

Moscow’s Basmanny District Court on Wednesday extended house arrest of Anatoly Kairo, the development department director of the major car dealer Rolf, until November 25pated.

13:44 21.08.2019

Senior executive of Rolf car dealer faces house arrest

Russia's Investigative Committee has asked Moscow’s court to place Anatoly Kairo, the director of the development department of the major car dealer Rolf, under house arrest.

13:46 28.06.2019

Owner of major Russian car dealer suspected of $63.5 mln embezzlement

A criminal case has been opened against founder and owner of Rolf, one of the biggest automotive dealers and vehicle importers in Russia, Sergey Petrov, and some other top managers of the group of companies. They are suspected of obtaining 4 billion rubles ($63.5 million) under false pretences with the use of consciously forged documents.

15:58 27.06.2019