Former European Bank for Reconstruction and Development banker Andrey Ryjenko was charged with accepting bribes and laundering more than $3 million.
Ryjenko was accused, along with former Standard Bank Plc employee Tatjana Sanderson, of taking bribes to show favor to a company called Chestnut Consulting Inc. between September 2007 and March 2010, according to the indictment. The two were also charged with transferring the funds from Chestnut Consulting’s managing director Dmitrij Harder to Sanderson’s bank accounts.
The case is scheduled for trial in November, a judge at London’s Central Criminal Court, known as the Old Bailey, ruled today. The pair haven’t entered pleas in the case. Sanderson, whose last name was formerly Ryjenko, previously worked at Standard Bank, according to the U.K. Financial Services Authority’s register of approved people.
Chestnut Consulting is based in Southampton, Pennsylvania, and arranges financing for the energy, metals and mining, infrastructure, and industrial production firms, according to its website. Harder didn’t immediately respond to a call to his office or an e-mail.
Georgia Adumata, a spokeswoman for Ryjenko’s lawyer at Bindmans in London, and Jeremy Summers, a lawyer for Sanderson, didn’t immediately respond to calls seeking comment. A call to Standard Bank’s press office in London wasn’t immediately returned.
Police said in March 2010 that a man and a woman were arrested by its economic crime division in relation to an international investigation at the bank, which provides funds to help emerging European and central Asian countries catch up with more developed economies.
The EBRD had said the unidentified employee, who was involved in its investment activities, was questioned by police on Feb. 26, 2010. The bank conducted an internal review and referred the matter to the police.
In another investigation involving the bank, the City of London Police arrested five people on suspicion of bribery and money laundering related to EBRD transactions. A police spokeswoman said the probes are being treated as separate.
“Further suspects remain outstanding abroad,” the police spokeswoman said. The department “continue to work closely with the EBRD in relation to these investigations.”
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