A project detailing 'The Troika Laundromat' outlines a $9 billion money laundering operation with links to politicians and Western banks.
, which outlined how billions were funnelled between shell-companies into the global banking system.
The OCCRP said"The Troika Laundromat" was active in syphoning an estimated $4.8 billion into Europe and the US between 2006 to early 2013, and was formed by at least 75 interconnected offshore companies. "The Laundromat allowed Russian oligarchs and politicians to secretly acquire shares in state-owned companies, to buy real estate both in Russia and abroad, to purchase luxury yachts, to hire music superstars for private parties, to pay medical bills, and much more," the OCCRP said in a release on its website.
The money, intended to"preserve architectural heritage in England" came from a British Virgin Islands shell company, Quantus Division Ltd,
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