Stolichny Bank
In his relatively short career in government, he'd already racked up a list of improprieties even Marion Barry would envy. Earlier that summer, Chubais had admitted to receiving a $3 million interest-free loan from Stolichny Bank, apparently in exchange for Stolichny's victory in the auction of AgPromBank . . . which controlled the second-largest banking network in Russia. He had also been caught failing to pay taxes the year before. Furthermore, the income he did later report was due to investments through a shady investment company called Montes Auri which was raided the same day Kazakov was fired, using money from the Stolichny loan.
--Matt Taibbi, The eXile: Sex, Drugs, and Libel in the New Russia, Grove Press, New York, NY (2000)
Read more about this topic: Anatoly Chubais
Famous quotes containing the word bank:
“Life is a long Dardenelles, My Dear Madam, the shores whereof are bright with flowers, which we want to pluck, but the bank is too high; & so we float on & on, hoping to come to a landing-place at last—but swoop! we launch into the great sea! Yet the geographers say, even then we must not despair, because across the great sea, however desolate & vacant it may look, lie all Persia & the delicious lands roundabout Damascus.”
—Herman Melville (1819–1891)