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FTS Can’t Find Something against BoNY
Lawyers of the Russian Federal Customs Service (FTS) gave a press conference in Moscow on Friday. They had earlier announced filing a lawsuit against the Bank of New York (BoNY) for $22.5 billion. FTS representatives were absent. Moreover, there are no proofs that the lawsuit exists.
FTS lawyers Maxim Smal (Smal & Partners law office) and Steven Marx (Podhurst Orseck company) gave a press conference on Friday in Moscow, but could not clarify the situation around the lawsuit of FTS to BoNY concerning money laundering of Russian exporters’ funds in 1996-1999.
Marx and Smal announced about the lawsuit on May 17. However, they could not show the lawsuit’s copies to journalists on Friday. Moreover, head of FTS legal department Andrei Strukov, who had earlier confirmed the lawsuit’s existence, did not show up at the conference.
The lawyers gave vague answers to most questions. Marx said the lawsuit was filed under the RICO law (the act on corrupted and mafia-affected organizations).
Marx added he is ready to move hearings to the U.S., with BoNY’s agreement. By the way, the court has not confirmed the lawsuit’s filing, as of Friday night. Moreover, BoNY offices in Moscow and New York have not received the lawsuit application either.
www.kommersant.com
All the Article in Russian as of May 19, 2007
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