Connect with us

Crime

#Europol - More than €10 million from ghost football player transfers laundered

Published

on

On 18 February, several raids were carried out across Spain in properties linked to the suspects. The investigation uncovered that the prominent football agents were organizing fictitious transfers of football players through a Cypriot football club to launder a large amount of money and evade taxes. The player transfers were only made on paper and with the sole purpose of evading taxes from the lucrative business and serve as a reason for the large money transfers. This undue profit was then turned into assets which the agents owned under a corporate name to conceal their identity.

After the ghost transfers were made, the suspects were using a very sophisticated network of companies to acquire assets, while hiding their ownership. At least €10 million was put back into Spain through the purchasing of luxury assets including real estate and yachts. A Maltese “gatekeeper” tax adviser company was helping the agents and their criminal network in setting up the corporate veils to conceal the money flow and true owners of the assets.

The investigation uncovered that the football agents were part of a criminal network which manages football clubs in several countries, among which are Belgium, Cyprus and Serbia.

These ghost player transfers were first revealed through social media and the 2016 investigation on football leaks.

Europol facilitated the information exchange and co-ordinated the operational activities between involved national authorities. Europol’s experts also provided analytical and specialist support throughout the investigation and on the spot during the action day.

In 2010 the European Union set up a four-year Policy Cycle to ensure greater continuity in the fight against serious international and organised crime. In March 2017 the Council of the EU decided to continue the EU Policy Cycle for organized and serious international crime for the 2018 - 2021 period.

This multiannual Policy Cycle aims to tackle the most significant threats posed by organised and serious international crime to the EU in a coherent and methodological manner. This is achieved by improving and strengthening cooperation between the relevant services of EU Member States, institutions and agencies, as well as non-EU countries and organisations, including the private sector where relevant. Money laundering is one of the priorities for the Policy Cycle.

Crime

European day on the protection of children against sexual exploitation and sexual abuse

Published

on

On the occasion of the European day on the protection of children against sexual exploitation and sexual abuse (18 November), the Commission reaffirmed its determination to fight child sexual abuse with all the tools at its disposal. Promoting our European Way of Life Vice President Margaritis Schinas said: “Under the Security Union Strategy, we are working to protect all those living in Europe, both online and offline. Children are particularly vulnerable, especially as the coronavirus pandemic correlates with increased sharing of child sexual abuse images online, and we have an obligation to protect them.”

Home Affairs Commisioner Ylva Johansson said: “Imagine as a child victim knowing the worst moment in your life is still circulating on the internet. Even worse, imagine that an opportunity to be saved from ongoing abuse was missed because tools had become illegal. Companies need to be able to report so that police can stop images circulating and even save children.”

Over the last years, there has been a significant increase in child sexual abuse and exploitation cases and recently the coronavirus pandemic has exacerbated the situation. Europol found that as member states introduced lockdown and quarantine measures, the number of self-produced materials increased, while travel restrictions and other restrictive measures means that offenders  increasingly exchange  materials online.

In July, the Commission adopted a comprehensive EU strategy for a more effective fight against child sexual abuse. Under the Strategy, we proposed legislation to ensure that providers of online communications services can continue voluntary measures to detect child sexual abuse online. In addition, Europol provides support to operations such as the recent action targeting child trafficking. The agency also monitors criminal trends in the Internet Organized Crime Threat Assessment (IOCTA) and dedicated reports on the evolution of threats, including child sexual abuse, in the times of COVID-19.

Continue Reading

Crime

High-level conference on anti-money laundering and countering terrorist financing - closing the door on dirty money

Published

on

On 30 September, the European Commission hosted a high-level conference on the EU's fight against money laundering and terrorist financing. This conference marked the conclusion of the public consultation that was launched in parallel with the adoption of the Anti-Money Laundering Action Plan on 7 May 2020.

There was a series of dedicated panel debates and keynote speeches by high-profile speakers who are on the front line of the fight against dirty money, including Catanzaro Chief Prosecutor Nicola Gratteri and French Court of Cassation General Prosecutor Francois Molins.

An Economy that Works for the People Valdis Executive Vice-President Dombrovskis said: “Dirty money should have nowhere to hide. The EU has been ramping up its anti-money laundering rules. They are now among the toughest in the world - but still not enforced equally across the board. It is clear that we must do a lot more to shut off remaining loopholes, remove weak links, and co-ordinate better between EU countries. Effectiveness, efficiency, enforcement: these are the governing principles of our strategy in tackling money-laundering. They should apply across the EU and across the world. That is how we can beat it.”

Three thematic panels will cover the areas for future reform of EU rules, while a closing roundtable will bring together representatives from the European Commission, the German Presidency and the European Parliament to highlight the EU's united position and commitment to fighting money laundering and terrorist financing. Each panel will include an opportunity for questions via Twitter with the hashtag #StopDirtyMoneyEU. For more information, details on the programme and a link to the live feed, please see here.

Continue Reading

Ireland

Russian - Irish Business Council launches an inquiry into Russian businessman

Published

on

The Russian Irish Business Council has launched a broad inquiry into alleged illegal activities of Russian businessman Mr. Sergey Govyadin and his close associate Mr. Ildar Samiyev.

The Council, unifying companies working in the UK, EU and Russia, have sent a letter to HSBC and a number of other financial institutions in the UK requesting information the banks might have about Mr. Sergey Govyadin. It alleges that both he and Mr. Samiyev were obviously involved in money laundering and other illegal purposes via the UK legal system and the UK offices of HSBC. The Council asks to investigate possible acts of fraud by Mr. Govyadin and Mr. Samiyev.  This information was also sent to the US Internal Revenue Service for consideration and possible feedback due to its criminal background. There are indications that both are using the US monetary mechanisms for their illegal activities. Full copies of these letters can be read at the foot of this article, whilst numerous legal papers are in EU Reporter's possession.

The story of Sergey Govyadin has much in common with other infamous "new riches" from Eastern Europe who have a profound criminal portfolio.

Sergey Govyadin

Sergey Govyadin

Visibly a prosperous real estate businessman and developer, Sergey Govyadin is alleged in Russian media as being involved in many criminal cases related to fraud and other criminal incidents on selling elite property and apartments in luxurious districts in Moscow. Newspapers in Russia call Mr. Govyadin a "shadow influencer" alleging corrupt connections with a number of police authorities.

Togather with Ildar Samiyev, Mr. Govyadin has long been featured in the Russian criminal chronicle as a scandalous person, primarily found in fraudulent deals with private property and luxe apartments in fabulous districts in Moscow and in its suburbs. Back in 2015, Govyadin was “crowned” as a “successful millionaire” by tabloid press. By that time he was married to the beauty pageant - Miss Russia.  However, his name remains on the lists of fraudsters and corrupt officials published from time to time by the media.

According to them, Govyadin and Samiev denigrate other people who are their partners, in order to justify their allegedly illegal transactions. In Moscow, a high-profile trial has long been underway in the case of developer Albert Khudoyan, whom Govyadin and Samiev accused of fraud and deception. As a result, the businessman was arrested. His case became additionally known due to violations on the part of the investigation. Some corrupt law enforcement officials tried to profit from his arrest according to the media.

Russian business ombudsman Boris Titov has already defended Khudoyan. However, the process against him continues. Khudoyan suffers from heart disease.

The alleged illegal activities of Govyadin and Samiyev have a long history.

Ildar Samiyev

Ildar Samiyev

For example, together with Ildar Samiev, Govyadin is alleged to have taken part in the withdrawal of funds from Russian Svyaz Bank. He is alleged to have been involved in fraud with apartments in the elite Knightsbridge residential complex in Khamovniki district of Moscow, as well as a number of other stories.

For example, back in 2014, Optima property management LLC, owned by Govyadin, took $ 95 million loan from the state-owned Svyaz Bank and used the funds to purchase 22 apartments in the elite Knightsbridge residential complex under construction in Khamovniki. This company was controlled by Sergey Govyadin and Ildar Samiev through a chain of companies, namely the Russian LLC "Eurofinance" and the English company Mansfiled Executive Limited (from 25 to 50 percent of Mansfiled Executive Limited belongs to Govyadin, according to the Endole database). At the same time, the price of apartments under the deal was inflated, which allowed to actually withdraw more than a billion rubles from the state Bank.

The residential complex was constructed in 2016. Probably, because of the extremely high price, the purchased apartments remain on the balance sheet of Optima property management, since it is impossible to sell them at such a high price. Optima properties has not yet returned the debt to the Bank, and in 2018 Svyaz Bank filed a lawsuit to recover $ 95 million from Optima property management, but failed. As a result, the state, which is the owner of Svyaz Bank, suffered, having completed its rehabilitation in 2011. The debtor has apartments on the balance sheet that are unlikely to cost more than 50 percent of the debt amount, and more than 1 billion rubles settled on the accounts of the developer Knightsbridge, controlled by Govyadin.

It is obvious that the request of the Russian Irish Business Clouncilwill be an occasion for more close and detailed attention to the illegal activities of Govyadin & Co. British and American financial institutions will hopefully be held accountable of those international speculators.

Source information

HSBC letter

 

 

USA tax letter

 

Continue Reading
Advertisement

Facebook

Twitter

Trending