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EU Reporter journalists have uncovered a scheme to launder large sums of money that allegedly belong to the President of Belarus Alexander Lukashenko and his entourage, the Charter-97 portal reports.
The publication recalls that on November 6, 2020, the European Union, Switzerland and the United States froze the assets and accounts of 59 people around the world, including Lukashenka, his son and accomplices. “Subsequently, it turned out that Lukashenka’s money laundering network was sending large amounts of money through Mongolia to offshore companies in Estonia and the Dominican Republic,” Charter-97 points out, citing EU Reporter.
It is noted that Lukashenka had several currency “cash cows”. One of them was BelAZ, a manufacturer of heavy vehicles and equipment used in the mining industry.
The Belarusian state company BelAZ sells trucks and other products through its official dealer United Belaz Machinery in Mongolia. This dealer has a subsidiary in Mongolia, United Belaz Machinery Investment Company. She is suspected of laundering money for Lukashenka under the guise of selling mining equipment in Mongolia. The ownership of United Belaz Machinery was transferred to the Estonian-registered company Meress, as well as Blustait (Dominican Republic). It is assumed that the beneficial owners of these offshore companies are associated with Lukashenka.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
