Former Russian executive indicted in U.S.
on tax dodge charges
Send a link to a friend
[March 22, 2014]
WASHINGTON (Reuters) — A former
executive of a large Russian steel company has been indicted by a
federal grand jury in Missouri on charges that he hid millions of
dollars offshore from U.S. tax authorities, the Justice Department said
Victor Lipukhin, a Russian citizen and formerly an Illinois
resident, was indicted on Thursday for hiding between $4 million and
$7.5 million in bank accounts at UBS AG from 2002 through 2007, the
Justice Department said in a statement.
The indictment's announcement came amid growing tensions between the
United States and Russia over the Ukraine crisis. President Barack
Obama unveiled sanctions against members of Russian President
Vladimir Putin's inner circle on Thursday.
Lipukhin was formerly a permanent U.S. resident, the department
said. He was president of Severstal Inc USA, a subsidiary of AO
Severstal, a large steel company in Russia, it said.
Lipukhin used shell companies based in the Bahamas to conduct
transactions in his Swiss accounts, Justice said.
He failed to report these accounts and any income from the accounts
to the Internal Revenue Service, Justice said.
[to top of second column]
Details on Lipukhin's whereabouts, or his legal representation, were
(Reporting by Patrick Temple-West; editing by Andrew Hay)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.