U.S. prosecutors have launched a money-laundering investigation into a member of Russian President Vladimir Putin's inner circle, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
According to the report, the U.S. Attorney's Office for the Eastern District of New York is probing whether billionaire Russian gas trader and Putin associate Gennady Timchenko transferred funds related to allegedly corrupt deals in Russia through the U.S. financial system. The Justice Department is aiding the investigation, it said.
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The prosecutors are investigating transactions in which Gunvor Group, a commodities firm founded by Timchenko, bought oil from Russia's OAO Rosneft and sold it to third parties, the newspaper reported.