In 2000, Kaveladze’s actions as the head of a Delaware company called International Business Creations were the subject of a government investigation into how Russians and other foreigners were able to launder large amounts of money through U.S. banks.
According to the GAO, Kaveladze opened 236 bank accounts in the U.S. for corporations formed in Delaware on behalf of mostly Russian brokers.
All told, the report traced the movement of $1.4 billion in wire transfer transactions deposited in to 236 accounts opened at the two banks, Citibank and Commercial Bank.
https://www.washingtonpost.com/poli...-1225pm:homepage/story&utm_term=.df397fc06321
According to the GAO, Kaveladze opened 236 bank accounts in the U.S. for corporations formed in Delaware on behalf of mostly Russian brokers.
All told, the report traced the movement of $1.4 billion in wire transfer transactions deposited in to 236 accounts opened at the two banks, Citibank and Commercial Bank.
https://www.washingtonpost.com/poli...-1225pm:homepage/story&utm_term=.df397fc06321
