Munich Court Sentences Trio in €33 Million Russian Money Laundering Case

Three defendants received prison sentences for orchestrating a complex scheme to launder millions through fake invoices and shell companies.

The Munich I Regional Court convicted two men and a woman for laundering €33 million from Russia through Cyprus to Germany and beyond.
The sentences ranged from one year and nine months to seven years, with the highest penalties given to the two male company executives.
The fraudulent operation involved creating 238 fake invoices to disguise funds as payments for non-existent goods and services.
The scheme aimed to bypass financial controls and obscure the money's origins, channeling it to entities in Panama, Ecuador, and the USA.
The court described the case as just the 'tip of the iceberg,' highlighting the significant criminal energy involved in the operation.