The U.S. is investigating Citigroup’s connection to Suleiman Kerimov, a sanctioned Russian billionaire whom American officials say financially benefited from corruption in the Russian government, according to multipleAn investigation focuses on services provided by the bank for a trust that held the sanctioned ... [+] billionaire’s assets. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Kerimov invested in the Russian state-run energy firm Gazprom, in addition to other investments in Morgan Stanley, Goldman Sachs and Deutsche Bank. Kerimov, a Russian oligarch, has been the focus of scrutiny in the U.S. for years. The Treasury Department sanctioned Kerimov in 2018 for financially benefitting from his ties to the Russian government and Russian President Vladimir Putin.

Source: Forbes November 15, 2024 00:49 UTC