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MMM Survives run
04 June 1994
n MOSCOW -- MMM, one of Russia's largest investment firms, appeared to have survived a crisis Friday after thousands of panicked investors rushed to sell MMM shares Thursday. The run on MMM's headquarters was sparked by reports that State Tax Police have given three of MMM's 22 divisions until June 7 to hand over financial records or face unspecified sanctions. Since 1991, authorities have brought three cases against MMM, but all were dropped due to lack of evidence.
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