Dmitry Medvedev and Ruben Vardanyan, Troika Dialog’s Board Chairman
Troika Bank Scandal Exposed Global Failure to Prevent Money Laundering
This part of the Panama Papers turned out to be crucial in the new Troika Laundromat investigation.
According to the Organized Crime and Corruption Reporting Project and Novaya Gazeta,
one of offshore business partners was the Russian investment bank Troika Dialog, owned by entrepreneur Ruben Vardanyan.
Vardanyan’s bank is now at the center of a $4.6 billion laundering scheme.
The Troika Laundromat report named at least half a dozen major Western banks that had been recipients of the money, sending their shares tumbling and sparking internal investigations.
The report also identifies shell companies allegedly used in a scheme uncovered by the late auditor Sergei Magnitsky.