Support The Moscow Times!

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.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.