FBI sources say that in 1996 high-level Russian political figures went to Barbados looking for a “mechanism” to launder billions of dollars.
There are reports that as far back as the early 1990s, influential “white Russians” were negotiating major deals involving Barbadian real estate. I began to speculate that there might be links with both Kingsland Estates Limited and this story below. This may be old news, but the courts are still dealing with the after effects of these Russian deals.
FindArticles - And Just When Everybody Is Trying to Get Along - Insight on the News, August 13, 2001, by Jamie Dettmer

In mid-July, the Russian biweekly newspaper Novaya Gazeta published an article claiming that Anatoly Chubais — currently head of United Energy Systems, Russia’s electric utility, and a leader of the Union of Right-Wing Forces, a party allied to Russian President Vladimir Putin — was involved in the laundering of IMF money.

According to documents obtained by Novaya Gazeta, in January 1996 a Chubais aide, Alfred Kokh, traveled to Barbados with Natasha Gurfinkel-Kagalovsky, a BONY [Bank of New York] senior vice president in charge of the bank’s Eastern European division, and her husband, Konstantin Kagalovsky, Russia’s representative to the IMF. At the time of the trip, Kokh was first deputy chief of the Kremlin’s State Property Committee, which was controlled by Chubais, who was then a first deputy prime minister. FBI sources say that Kokh went to Barbados on behalf of Chubais, who needed a “mechanism” to send billions of dollars received from the sell-off of state companies overseas and to launder a portion for Yeltsin’s re-election campaign.
Did the Barbados “Mechanism” Work?
Was this money ever laundered in Barbados? Were IMF loans diverted? Were influential Barbadians involved in serious negotiations with high-level Russians? Today there are few answers, just billions of dollars owed. It seems that much of the critical information is still being withheld, even from Pricewaterhouse Coopers who in their report on this topic accepted “no liability or responsibility to any party who may access the reports on the Internet“! At the request of PwC the report was removed from the internet shortly after it was posted!

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