Category: Corruption

Former premier protected money from president, says banker

(March 25, 2004) In a landmark money-laundering trial in a U.S. court, former Ukrainian Prime Minister Pavlo Lazarenko stands accused of using U.S. banks to launder at least $114 million in money stolen from the Ukraine. Lazarenko insists the proceeds were earned legally and that he is being persecuted for having mounted a political challenge to Ukrainian President Leonid Kuchma ahead of a 1999 election.