Further to our earlier post there has been an ongoing investigation in Cyprus in relation to the alleged transfer of over $1 billion in shares by Alexey Mordashov in breach of the asset freeze imposed upon him by the European Union.
It is now being reported that the Cypriot investigation has reached its “final stages”.
The report gives no indication of the outcome of the investigation.
The allegations relate to transfers of the shares in the tourism operator Tui.
In September 2023, the Finnish Customs authorities announced they had 600 ongoing criminal investigations of which 60 were “aggravated”.
As reported in Wirtschaft Woche Sari Knaapi , the Chief Economic Crimes Investigator at Finnish Customs has now given details of the current figures, stating that there are now 700 ongoing investigations, with around 70 that are described as “large, complex cases”.
It is being reported that the NSK – Denmark’s National Unit for Serious Crime is investigating allegations that a Danish arms manufacturer has been exporting arms to Russia in breach of the EU’s sanctions.
The company, and the company’s CFO and CEO are all reported to have been charged on suspicion of exports to a Russian arms manufacturer.
The company successfully applied to the court for a ban on being named in the press.
The allegations include the setting up of a bespoke corporate structure to conduct the exports via third countries.
It is being reported that so far during 2023 a total of 45 investigations have been opened by the Danish Business Authority in relation to alleged breaches of the EU’s sanctions against Russia.
Of these:
No further details on the cases have been published.
It is being reported that the Danish Business Authority has referred two cases to the police for potential further action.
This is further to our earlier post relating to the commencement of the investigations.
Both cases relate to the continuation of operations by designated Russian organisations in Denmark.
These two police investigations add the the 12 already known to have been commenced (see our earlier post).
It is being reported that the Danish Business Authority is investigating whether the so-called “Russia House” in Copenhagen, which is a designated person under the EU’s sanctions has been breaching the asset freeze imposed upon it.
This follows an earlier report that the Danish Business Authority was also investigating possible breaches by Rossotrudnichestvo.
Further to our earlier post of an investigation being commenced into alleged exports to Crimea in breach of sanctions, it is now being reported that the investigation has closed with no further action taken.
The Danish Business Authority is reported to have concluded that the company Grundfos, had no reasonable grounds to suspect that its products were being shipped to Crimea.
It is being reported that the Danish authorities have opened a number of investigations into suspected breaches of the EU’s sanctions against Russia and Belarus since the start of the full-scale invasion of Ukraine.
The Police have confirmed via a Freedom of Information request that they have 12 ongoing investigations.
Separately, the Danish Business Authority has confirmed that they have opened 34 investigations since February 2022.
Of those 23 have closed without further action being taken; 3 were reported to the Police and 2 have been reported to other authorities. A total of 6 investigations remain open.
It is being reported that the Danish Business Authority has commenced an investigation into alleged exports of heat exchangers for use by the Russian army and navy by the Russian subsidiary of Danish company Danfoss – called AO Ridan.
Danfoss is reported to have denied the allegations and to be cooperating with the investigation.
