Russian Telecoms Ministry reacts angrily to money-laundering accusations

5 Dec 2005

Officials from Russia’s Ministry for Communications and Informatisation (MinSvyaz) have condemned as ‘wrong’ a report published by the Wall Street Journal implicating the head of the agency, Leonid Reiman, in an international money-laundering scam. The US paper said on Friday that Reiman, a close ally of President Putin, is linked to an international money-laundering scam involved in the misappropriation of funds from state-owned telecoms companies. Citing German prosecutors ‘with knowledge of the situation’, Reiman is accused of having ‘illegally enriched himself through a series of transactions’ and of setting up a network of shell companies in tax havens to secrete more than USD1 billion in assets.

Russia