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:
“Denouement to denouement, he took a personal pride in the
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