UK fund boss warned Germany about Russian money in Cyprus

  • World Premium
  • Wednesday, 27 Mar 2013

LONDON (Reuters) - UK fund manager Bill Browder, one of the Kremlin's harshest critics, briefed German officials on Russian money laundering in Cyprus just before the European Union set tough terms for the island's bailout.

He said at least $31 million (£20.5 million) was laundered through Cyprus bank accounts, funds that were part of a $230 million fraud his lawyer Sergei Magnitsky discovered before his death in a Moscow prison in 2009.

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