Most Read U.S.says Russian banker Tinkov charged with tax fraud MOSCOW, March 6 (Reuters) – Russian businessman Oleg Tinkov, founder of TCS Group, has been charged with filing false tax returns, the U.S.Department of Justice said.If convicted, Tinkov faces a maximum of six years in prison and monetary penalties on two counts of making false tax claims, the justice department said in a statement on Thursday.It said Tinkov had allegedly concealed $1 billion in assets and incomes when renouncing his U.S.citizenship in 2013.TCS said this week Tinkov was taking part in court hearings in London initiated by the U.S.
Internal Revenue Service in response to allegations he underreported tax.Tinkov was arrested in London last week, but TCS said he was released on bail.The Justice Department said it was assisting with his extradition.A spokesman for Tinkov declined to comment.Tinkov did not immediately respond.(Reporting by Tom Balmforth, additional reporting by Tatiana Voronova; Writing by Maria Kiselyova Editing by Kim Coghill) 2020-03-06 08:38:41
© 2020 Thomson Reuters.All rights reserved.
Reuters content is the intellectual property of Thomson Reuters or its third party content providers.Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.”Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.Most read today What is RSS? »
Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals.Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.Currency trading on margin involves high risk, and is not suitable for all investors.Trading or investing in crypto currencies carries with it potential risks.Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.Crypto currencies are not suitable for all investors.
Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite.
Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate.All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.Therefore Sharenet doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics.The calculation/derivation may include underlying JSE data.© 2020 SHARENET (PTY) Ltd, Cape Town, South Africa.
