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Browder: 'Dirty money was used to buy luxury goods before being returned to Russia as 'clean' assets' (Photo: ljlphotography)

Two EU countries shut down money laundering investigations

Austria and Finland have said their companies did no wrong in a case of suspected Russia-EU money laundering. But victims of the crime disagree.

The sums involved are not so big - $150,000 in Austria and $199,500 in Finland.

But according to documents obtained by the UK-based investment firm Hermitage Capital, the money is part of the largest white collar crime in Russian history, a money laundering operation involving six EU countries and a plot to murder its Russian accountant,...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Browder: 'Dirty money was used to buy luxury goods before being returned to Russia as 'clean' assets' (Photo: ljlphotography)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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