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U.S. settles Russian money laundering case

Reuters  |  WASHINGTON 

By Joel Schectman and Nathan LayneWASHINGTON (Reuters) - A Russian-owned group of companies has agreed to pay nearly $6 million to settle U.S. civil allegations that the firms laundered proceeds of a $230 million tax fraud, ending a politically charged case days before it was set to go to trial.Federal prosecutors in New York announced late Friday the surprise settlement between the U.S. government and Russian businessman Denis Katsyv, the owner of Prevezon Holdings, as both sides were preparing to bring the three-year case to trial next week. "We will not allow the U.S. financial system to ...

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First Published: Sun, May 14 2017. 09:44 IST
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