Russia's Central Bank Chair On "The Proxy Platform"

00:41, February 27, 2013

In an unusual disclosure last week, Russia's outgoing central bank chairman Sergei Ignatiev opened up about the billions of dollars Russia lost last year to the shadow economy. Russia saw $49 billion leave the country in 2012 by way of “questionable transactions,” and Ignatiev acknowledged in an interview with Russian newspaper Vedomosti that more than half of that had been moved "by one well-organized group of individuals."

OCCRP profiled that mysterious group in our multi-part project “The Proxy Platform,” published in November, 2011.

Our investigation showed that organized crime groups (including government officials) from all over the world use the same offshore registration companies to launder money changing hands through kick-backs, trafficking, or tax evasion.  Read more... (380 words)

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