Russian Tax Fraud Funneled Via Estonia’s Banks, Prosecutors Say
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Estonian bank accounts were used in 2008 to transfer about $10 million of funds connected to a Russian tax-fraud case, the state prosecutors’ office said.
The transfers, related to alleged embezzlement uncovered by lawyer Sergei Magnitsky, were uncovered in an investigation conducted last year by the financial intelligence unit of Estonia’s police, Carol Merzin, a spokeswoman at the state prosecutors’ office, said today by phone from the capital, Tallinn, confirming earlier comments by state prosecutor Piret Paukstys to newspaper Eesti Paeevaleht.