A Norwegian court sanctioned the confiscation of 72 million kroner ($7.1 million) it said was laundered by a Russian citizen.
(Bloomberg) — A Norwegian court sanctioned the confiscation of 72 million kroner ($7.1 million) it said was laundered by a Russian citizen.
“The district court has not believed that the money is payment for legal services in Russia, and has come to the conclusion that it is a matter of proceeds from criminal acts that must be confiscated,” Okokrim, Norway’s central unit for fighting economic and environmental crimes, said in an emailed statement on Wednesday.
The Russian owner of the funds who resides in Russia has been charged with fraud, it added, without identifying the person. The ruling isn’t final, Okokrim said.
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