The investigation targeting Oleg Kuzmin, the Russian bank European Express’s former director of the board of directors has been completed. He pleaded guilty in the case of money laundering in particularly large proportions through the Moldovan banking system and signed an agreement with the prosecution, in which he testified against Moldovan politicians involved in criminal operations. His testimonies include the names of Veaceslav Platon and his sister, Elena, Vladimir Plahotniuc, Renato Usatîi, and Ilan Shor, Kommersant reports.
The quoted source writes that Oleg Kuzmin will appear before the magistrates as an active participant in a criminal group consisting of dozens of other credit organizations that allegedly laundered billions of rubles through the so-called Moldovan scheme.
His lawyer says Kuzmin’s case has been finalized and forwarded to the Moscow General Prosecutor’s Office for approval of the indictment. The trial will take place under a special regime, as in March 2020 Kuzmin allegedly pleaded guilty, signed an indictment agreement, and testified against other people involved in the investigation.
However, Kommersant declined to comment on the banker’s testimony, visiting Moldovan politicians Renato Usatîi and Vladimir Plahotniuc, controversial businessmen Veaceslav Platon and Ilan Shor, and Plato’s sister Elena.
Investigations by Russian law enforcement have shown that banker Kuzmin was also in a very close relationship with one of Victoriabank’s former shareholders, Aleksandr Korkin, previously detained in Moscow in the same case. Korkin is listed as one of the key witnesses in the investigation.
The Russian Laundromat fraud scheme is supposed to be the largest money-laundering operation in history. The money-laundering system became known in April 2014. The scheme operated from 2010 to 2013 and involved Russian companies, the Moldindconbank bank of Moldova (control was attributed to businessman Veaceslav Platon), companies from different jurisdictions, including the United Kingdom, courts in different Moldovan regions, and individuals with Moldovan citizenship.