page contents

Russian Billionaire faces probe for money laundering

The Russian Billionaire and co-founder of the Gunvor Group Limited, Gennady Timchenko is facing charges of money laundering by the US authorities. Authorities are looking at and investigating supposed money transfer through alleged corrupt deals in Russia.
us art 21
They are looking at all documentation and evidence which will point to the fact that the Gunvor Group had purchased oil from OAO Rosneft and sold it to third parties later. The Rosneft , a Moscow based company denied charges of any kind of wrong doing in the tender.

The Gunvor company on its part issued a statement which reiterated the fact that they did not do any trading with Rosneft for more than two years and certainly did not buy oil from them. A possible alliance is also being seen with the Russian President Putin. Timchenko is an ally of the President Vladimir Putin, who has faced US sanctions this year.

Timchenko is also in the sanction list but he is said to have sold of his stake at Gunvor just before the US sanction list came out. A parallel probe is being done to see if there is any link between Putin’s personal wealth to the alleged illicit funds. Mr Putin’s spokesman Dmitry Peskov, however denied any kind of link with Timchenko.

About The Author

David Nataf started his career as co-founder of Net Development, a leading French web integrators, employing 80 people. After the merger of Net Development with Reef publisher, David joined the law firm, Jean-Pierre Millet, with the defense of computer attackers and victimes specialty ("hackers") in cases between different organizations such as NSA or other members of the international interception 'Echelon' network from the UKUSA treaty or the US Air Force. He is the author of several books on information warfare, consultant for the European Parliament as an expert in computer security (SSI) and electromagnetic signals intelligence (SIGINT). David Nataf successively launched several start-ups of the Internet in the field of paperless technologies termination of contracts online (""); online subscription to early stage fundraising foreshadowing the model will retain more later the platform "", or free roaming mobile operators (MVNO). Given his specialty at the cross road of anti computer crime legal advising, Internet technology, media and anti-propaganda operations, David has naturally become an actor's influence on the Web, working for a think-tank representing french defense and Aerospace. He is architecting crypto farms and masternodes for cryptocurrencies in Asia and Israel technological parks. He graduated in Law from the Faculty of Paris, is a passionate graduated gemologist by Gemological Institute of America "GG", Gemmological Association of Great Britain "Cert-Ga", practical daily triathlon.

Related posts