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VTB Bank chairman charged in US with sanctions violations, money laundering, involving yachts, Colorado home

( February 22, 2024, 23:03 GMT | Official Statement) -- MLex Summary: Andrey Kostin, the president and chairman of VTB Bank, was charged with participating in two separate schemes that violated US sanctions — one to launder money to operate his superyachts, and the other related to his home in Aspen, Colorado. Two US-based associates were arrested and charged over their alleged roles in the scheme involving the Colorado home. Kostin is at large and believed to be in Russia, prosecutors said.Statement and indictment follow below:...

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