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Australia Freezes Russian Accounts

Bank accounts owned by Russians in Australia totalling $24 million have been frozen. Michael Scott

Australian police have frozen bank accounts of a group of Russian businessmen worth a total of $24 million, which they believe was laundered.

According to a report by Australian ABC television channel aired early Wednesday, the police suspect nine Russian businessmen to have been transferring the money they acquired illegally to 24 Australian bank accounts starting from 2011. The transfers came from Siberia via China and Hong Kong.

The accounts were frozen after a brief hearing held in the Brisbane District Court.

Police officers also searched two homes on the Gold Coast that are believed to be linked to the implicated businessmen, but no arrests have been made so far.

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