MOSCOW, November 18 (RIA Novosti) – Police officers have detained the head of a crime group that is suspected of illegally converting to cash 5 billion rubles’ worth ($154 million) of assets, the Russian Interior Ministry’s department in the Moscow Region reported Monday.
The group, operating in July-September 2013, allegedly used shell companies to illegally charge 2.5 percent commission from legal entities and individuals who asked them to convert assets to cash.
The ministry said the suspects obtained 129 million rubles ($4 million) as a result of the fraud. An investigation is underway.
The detainee is a Georgian native with Russian and Israeli citizenship, police said.
