If you want to do business in Moscow, it helps to hire a pal of President Vladimir Putin.
That’s the conclusion reached by investigators for Transparency International-Russia, who looked into one of the biggest deals in that country’s history: BP’s 2013 sale of its stake in Russia’s third-largest oil company to state-owned oil giant Rosneft for a hefty amount of Rosneft shares and $12.5 billion in cash.
The owners of the Avilon Automotive Group, a top Russian dealer in luxury vehicles that does substantial business with law enforcement agencies, have secret business connections with relatives of Prosecutor General Yuri Chaika, his deputy, and a senior ex-official of the Investigative Committee, a top-level police agency.
For years, the Avilon owners’ dealings were hidden in a maze of corporations registered in various notorious tax havens, including Cyprus, the British Virgin Islands, and the Marshall Islands — as well as the US state of New Jersey.
Italian police are investigating an alleged partnership between the local mafia and the Islamic State militant group (ISIS) in smuggling crude oil from the Middle East and north Africa into Europe, according to Italian newspaper La Repubblica.
Nearly four years after she was put under house arrest, Uzbekistan authorities explained for the first time what the daughter of late President Islam Karimov has been convicted of and announced additional charges.
The US indicted a Russian man suspected of laundering more than US$ 4 billion for people involved in computer hacking, drug trafficking and other crimes.
The Organized Crime and Corruption Reporting Project (OCCRP) is a joint program of a number of regional investigative centers and independent media from Eastern Europe to Central Asia and beyond. We constantly strive to help the people of the regions we work in to better understand how organized crime and corruption affect their lives.