Tue, Apr 25, 2017 | updated 03:58 PM IST

British banks handled vast sums of laundered Russian money: Media report

Updated: Mar 21, 2017 03:55 IST      
British banks handled vast sums of laundered Russian money: Media report

London [UK], Mar. 21 (ANI): Britain's high street banks processed nearly USD 740 million from a vast money-laundering operation run by Russian criminals with links to the Russian government and the KGB, according to a report by the Guardian.

According to the report, HSBC, the Royal Bank of Scotland, Lloyds, Barclays and Coutts are among 17 banks based in the UK, or with branches here, that are facing questions over what they knew about the international scheme and why they did not turn away suspicious money transfers.

The investigators are still trying to identify some of the wealthy and politically influential Russians behind the operation, known as "the Global Laundromat" and have estimated that a group of about 500 people were involved including oligarchs, Moscow bankers, and figures working for or connected to the FSB, the successor spy agency to the KGB.

Igor Putin, the cousin of Russia's president, Vladimir, sat on the board of a Moscow bank which held accounts involved in the fraud.

The Global Laundromat banking records were obtained by the Organized Crime and Corruption Reporting Project (OCCRP) and Novaya Gazeta from sources who wish to remain anonymous. OCCRP shared the data with the Guardian and media partners in 32 countries.

The documents include details of about 70,000 banking transactions, including 1,920 that went through UK banks and 373 via U.S. banks.

The data is understood to be part of the evidence gathered in a three-year money-laundering investigation led by police in Latvia and Moldova.

Detectives have unraveled a conspiracy that involved billions of dollars being sent from suspected criminals in Russia via accounts in Latvia and Moldova held at banks notorious for their exposure to money-laundering scams.

The trail led investigators to 96 countries and to a network of anonymously owned firms, most of them registered at Companies House in London.

Most of the 21 core companies under scrutiny have been dissolved.

The scale of the operation has staggered law enforcement officials. (ANI)

Daesh most dangerous phenomenon facing Afghanistan: Envoy

Updated: Apr 25, 2017 15:48 IST      By: Shivangi Mishra

New Delhi [India], Apr 25 (ANI): The Daesh (or Islamic State) is the most dangerous phenomenon Afghanistan is facing today, said the country's envoy to India, Shaida Abdali on Tuesday.

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China projects power in Indian Ocean

Updated: Apr 25, 2017 15:21 IST     

Hong Kong [China], April 25 (ANI): As China prepares to imminently launch its first indigenously built aircraft carrier in Dalian, and as the People's Liberation Army Navy (PLAN) celebrated its 68th anniversary on 23 April, attention is turning to how and where China will use its growing fleet of such platforms.

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UN Committee concerned over enforced disappearances in Pak

Updated: Apr 25, 2017 13:18 IST     

Geneva [Switzerland], Apr 25 (ANI): The United Nations Committee against Torture (CAT) has raised serious concerns over widespread torture, enforced disappearances and extra-judicial killings in Pakistan.

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Washington, DC [USA], Apr 25 (ANI): Former Fox News anchor and correspondent Heather Nauert has been appointed as the spokesperson for the U.S. State Department.

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Pakistan: Ten killed in Kurram Agency blast

Updated: Apr 25, 2017 10:43 IST     

Peshawar [Pakistan], April 25 (ANI): At least 10 people, including six children, were killed and 13 others, including four Khasadar officials, injured as a bomb went off near a passenger van in Gudar area of Central Kurram Agency on early Tuesday morning.

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Trump summons entire Senate to WH briefing on N. Korea

Updated: Apr 25, 2017 10:38 IST     

Washington D.C. [U.S.A.], April 25 (ANI): The entire U.S. Senate will go to the White House on Wednesday to be briefed by senior administration officials about the brewing confrontation with North Korea.

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Truth will come out: Bill O'Reilly after Fox News exit

Updated: Apr 25, 2017 10:10 IST     

Washington D.C. [U.S.A.], April 25 (ANI): Bill O'Reilly marked his return to the public sphere on Monday in his first comments since he and Fox News parted ways amid allegations of sexual assault as he addressed the controversy in his podcast, titled No Spin News, by maintaining his innocence and vowing more details would soon come to light.

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Nawaz Sharif is doing miserably: Musharraf

Updated: Apr 25, 2017 09:10 IST     

Connecticut [U.S.A.], April 25 (ANI): Criticising the ruling regime, former military ruler of Pakistan General (retired) Pervez Musharraf said that Prime Minister Nawaz Sharif was doing 'miserably'.

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Narendra Modi does not want peace with Pakistan: Musharraf

Updated: Apr 25, 2017 07:45 IST     

Connecticut [USA], Apr 25 (ANI): Amid already strained ties between the two neighbors, Pakistan's former military ruler General (retired) Pervez Musharraf further added fuel in the fire by stating that Indian Prime Minister Narendra Modi is not interested in making peace with Pakistan, while adding that New Delhi is now run by a 'hardcore religious party'.

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7.1 magnitude quake hits Chile, no major damage reported

Updated: Apr 25, 2017 06:40 IST     

London [U.K.], Apr 25 (ANI): A powerful earthquake measuring 7.1 on richter scale rocked the west coast of Chile, shaking the capital Santiago as well.

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New York [U.S.], Apr. 25 (ANI): Continuing his vociferous campaign for the GOP healthcare plan, President Donald Trump took another shot at ObamaCare while assuring that his plan will lead to cheaper premiums and "real healthcare".

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New York [U.S.], Apr. 25 (ANI): After raising eyebrows with a blog post touting President Donald Trump's personally owned private Florida club, Mar-a-Lago, the State Department has removed the post.

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First malaria vaccine to be tested in Africa in 2018

Updated: Apr 25, 2017 06:06 IST     

New York [U.S.], Apr. 25 (ANI): In a promising development, the World Health Organization (WHO) has announced that it is ready to go-ahead with the testing of the first malaria vaccine in real-world settings next year.

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Rome [Italy], Apr. 25 (ANI): French presidential candidate Emmanuel Macron and Italian Prime Minister Paolo Gentiloni have expressed their desire to work together for the benefit of European prosperity,.

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'What's been going on while I've been gone': Obama is back

Updated: Apr 25, 2017 05:01 IST     

New York [U.S.], Apr. 25 (ANI): A visibly relaxed and casual Barack Obama made his first public appearance after bidding farewell as the 44th U.S. President, and addressed a group of university students saying that he plans to focus on encouraging young people to engage in local politics in Chicago- the city from which he launched his political career.

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London [U.K.], Apr. 25 (ANI): Outrage ensued after the US embassy in London publicised Donald Trump's country club at Mar-a-Lago in Florida, with the page on the embassy site devoted to the country club, describing it as "the winter White House".

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Moscow [Russia], Apr. 25 (ANI): The United States has declared to pursue anyone connected to the use of chemical weapons in Syria and also threatened to shut down their financial networks.

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New Delhi [India], April 24 (ANI): Asserting that building a wall on the Mexican border will stop drugs from pouring into the United States, President Donald Trump has said that if it is not built then the drug situation will never be fixed the way it should be.

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Imran Khan can't be a leader of youth: Former Pak President

Updated: Apr 24, 2017 22:51 IST     

Mardan [Pakistan], April 24 (ANI): Taking a jibe at Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, former president Asif Ali Zardari has said that how can the former be a leader of the youth as Khan is older than him, adding that his son Bilawal is the leader for the young people.

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Pak Army to play its due role in Panamagate probe

Updated: Apr 24, 2017 22:08 IST     

Rawalpindi [Pakistan], April 24 (ANI): The Pakistan Army has said that it will play its due role in a legal and transparent manner as part of the Supreme Court-ordered Joint Investigation Team (JIT) which will probe Prime Minister Nawaz Sharif and his family's business dealings abroad.

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