Group of Russian brokers arrested in $3.2 bn scam
November 28th, 2011 - 6:00 pm ICT by IANSMoscow, Nov 28 (IANS/RIA Novosti) A group of stockbrokers has been arrested in Russia for illegally diverting 100 billion rubles (around $3.2 billion) into offshore accounts.
However, the exact number of people arrested was not revealed by the Federal Security Service (FSB).
The group, led by Roman Nedyalkov, “consisted of several professional participants of the stock market”, the FSB said in a statement Monday.
The men face up to seven years in jail for illegal banking activities.
–IANS/RIA Novosti
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Tags: bn, exact number, federal security service, moscow, offshore accounts, professional participants, ria novosti, rubles, russia, seven years, stock market, stockbrokers