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Russians accused of Swiss money laundering

WRS – World Radio Switzerland

Russian tax officials are being investigated for alleged money laundering in Switzerland, the federal prosecutor’s office has confirmed.

The Swiss money laundering reporting office received a complaint from legal representatives of an investment fund run by Hermitage Capital Management, a company based in Guernsey that specializes in Russian markets.

The company’s head, Bill Browder, who works out of London, said Switzerland has frozen the accounts of the husband of one of the Russian tax officials suspected of financial fraud.