The Federal Security Service of the Russian Federation has suspended the “illegal activities” of the executives of a Cyprus-based brokerage company and their partners over an alleged fraud involving more than 7 billion rubles, the Russian edition of Finance Magnates magazine first reported.
Three suspects were detained, while two were placed under house arrest.
Raid the headquarters of the Russian mediator
The Russian authorities conducted searches of the residences and offices of the defendants in Moscow and St. Petersburg. This also led to the seizure of communications equipment, documents, seals of Russian and foreign legal entities, digital media containing cryptocurrency wallets and funds totaling more than 100 million rubles.
according to Press release from the Public Relations Center of the FSBThe defendants were involved in a fraud involving shares of Russian telecommunications, fuel and energy companies worth more than 7 billion rubles.
They were accused of violating anti-sanctions laws, which prohibit the issuance and trading of foreign depository receipts representing shares in Russian issuers.
The broker allegedly obtained rights to shares of Russian public companies that were traded on foreign stock markets before the ban.
Russian authorities further alleged that the suspects “conspired” with the management of another company and used “forged documents, exchanging frozen American depositary receipts for shares in Russian companies, causing severe damage.”
Are there criminal links in Cyprus?
Separately, A A recent shooting incident occurred in an office building in Limassol Housing many CFD brokers. The target of the early morning shooting remains unknown, but local police confirmed that “the offices of a certain company were indeed fired upon.”
Paphos Mayor Vidonas Vidonos also claimed this last year Cyprus has become part of an international money laundering network With the participation of drug gangs in Latin America. He also claimed that some forex companies based on the island are being used to launder drug money through complex front company networks in Latin America.
Moreover, recent local reports revealed this The Cypriot authorities arrested three individuals, including a police officeras part of an investigation into an alleged criminal organization linked to money laundering, tax evasion and extortion targeting companies such as Forex companies.
This article was written by Arnab Shomi at www.financemagnates.com.
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