Frankfurt prosecutors have filed criminal charges against five men for suspected money laundering related to the possible illegal transfer of $150 million of Russian telecom assets, the prosecutor’s office said on Wednesday.
Four of the men are current and former employees in charge of the eastern European business of a large German bank, which the prosecutor’s office did not name, as is customary in Germany. The fifth is a 61-year-old Danish lawyer.
Between 1995 and 2008 the people are alleged to have worked with a former Russian telecoms minister to modify contracts in such a way that revenues were hidden to the detriment of Russian companies and the Russian state, the Frankfurt prosecutor’s office said.
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