Bermuda-based sham mutual fund IPOC International Growth Fund Limited, which appears to have been a vehicle to launder approximately $1 billion of criminal proceeds by Russia’s Telecommunications Minister Leonid Reiman, has had US$45.5 million confiscated after admitting criminal charges in the British Virgin Islands.
Articles Bermuda Bribery & Corruption British Virgin Islands Fraud Investment Money Laundering RussiaMay 7, 2008
Topics
Bermuda Bribery & Corruption British Virgin Islands Fraud InvestmentKeywords
Albany Invest Limited IPOC International Growth Fund Lapal Limited Leonid Reiman Mercury Import Limited