Bulgarian intermediaries have been identified as some of the links in an investigation into an international scheme for laundering Russian money. BGNES cites data from Intelligence Online according to which two Bulgarian brokerage companies participated in transferring tens of millions of dollars through a network of shell companies.

The operations in the scheme, which also passed through Poland, have already been halted, and one of the Bulgarian companies has already been fined by the local regulators. Sources of Intelligence Online specify that the international investigations into the movement of funds that passed through the Bulgarian financial system continue to expand across several countries.

Revelations by Forensic News and Hetq also show a broader scale of the scheme, involving dozens of interconnected fictitious companies through which at least USD 20 billion was siphoned out of Russia. 

Published and translated by Kostadin Atanasov

Photo: BGNES