The Troika Laundromat Explained
1 min read. From 2006 through early 2013, billions of dollars moved out of Russia through an elaborate scheme orchestrated by Russia’s largest private investment bank, Troika Dialog. The money was used to pay for luxury goods, make secret investments in state-owned companies, and even pay school tuitions. The system also links some of the most notorious figures in previous financial scandals: people like Sergei Roldugin and companies exposed by now-deceased lawyer Sergei Magnitsky.
This massive operation came to light after a leak of more than 1.3 million financial transactions and related documents, representing the largest banking data leak in history. OCCRP partnered with 21 media organizations, including The Guardian in the U.K. and Germany’s Suddeutsche Zeitung newspapers to investigate.