Yukos denies role in money laundering swindle

15th March 2005, Comments 0 comments

15 March 2005, MOSCOW- Russia's crippled oil firm Yukos has protested to Spanish authorities investigating a multi-million-euro money-laundering network, saying it had no banking or business interests in Spain and would cooperate fully with the probe.

15 March 2005

MOSCOW- Russia's crippled oil firm Yukos has protested to Spanish authorities investigating a multi-million-euro money-laundering network, saying it had no banking or business interests in Spain and would cooperate fully with the probe.

"In the last 48 hours, OAO NK Yukos has featured as a named organisation following the announcement in the Spanish and international media of your
investigations," Yukos chief executive Steven Theede said in a letter to Spanish Interior Minister Jose Antonio Alonso Suarez.

The letter, dated Monday, said that neither Yukos nor any of its subsidiaries or affiliated companies "carry out any authorized business activities in Spain nor do they
have bank accounts in your country.

"Yukos... will cooperate fully in your investigation," it said, adding: "I would very much appreciate it if you are able to make available to us any details relating to your investigation that pertain to Yukos Oil Company."

The Yukos group, whose founder, Mikhail Khodorkovsky, is in prison in Moscow where he is being tried on fraud charges, was partially dismantled late
last year after being billed by Russian authorities for back taxes totalling around USD 27 billion.
 
A Spanish prosecutor said on Monday that the network under investigation, suspected of laundering criminal funds in the hundreds of millions of dollars
was only the "tip of the iceberg".

[Copyright EFE with Expatica]

Subject: Spanish news

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