Mogilevich’s Inkombank collapses after years of money laundering

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Inkombank, which Mogilevich took over in 1994, has its license revoked by the Russian Central Bank. Inkombank’s failure is at first attributed to poor management decisions during the Russian financial crisis, but it is later tied to possibly the largest money laundering scheme in Russian history at the time.

In May 2001, a member of Inkombank testified in Moscow that Inkombank management secretly removed around $1 billion from the bank’s assets.

Inkombank was the largest commercial partnership of the Bank of New York, and management of both banks frequently traveled between New York City and Moscow.

Sources

https://web.archive.org/web/20070701095350/http://russianlaw.org/Morgent1.htm

http://moscowtelegraph.com/mt050801.htm

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Dates on Trump File reflect when something happens, not when it's first reported.

Inkombank, which Mogilevich took over in 1994, has its license revoked by the Russian Central Bank. Inkombank’s failure is at first attributed to poor management decisions during the Russian financial crisis, but it is later tied to possibly the largest money laundering scheme in Russian history at the time.

In May 2001, a member of Inkombank testified in Moscow that Inkombank management secretly removed around $1 billion from the bank’s assets.

Inkombank was the largest commercial partnership of the Bank of New York, and management of both banks frequently traveled between New York City and Moscow.

Sources

https://web.archive.org/web/20070701095350/http://russianlaw.org/Morgent1.htm

http://moscowtelegraph.com/mt050801.htm

NOTE FROM TF

Some files are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. I plan to go back and build on every file in the future.

If there is content you'd like to add context to or something that should be corrected, please contact us by clicking here or email us at trumpfile@protonmail.com

Support The Site:

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