No one sees the cash, no one sees any transactions” — Transparency International Russia investigator on the A7 payment system’s “money-laundering” scheme at the Sadovod market
“No one sees the cash, no one sees any transactions” — Transparency International Russia investigator on the A7 payment system’s “money-laundering” scheme at the Sadovod market
The Kremlin’s A7 payment system, created to evade sanctions, uses the Sadovod market to cash out money. Journalists found at least eight teams there that are unrelated to trade. Over eight months, A7 processed more than
According to Transparency International Russia investigator Kristina Bagdasaryan, supposedly official international A7 payments conceal a “money-laundering network” involving shell companies and forged documents.
According to financial institutions, subagents in the A7 network processed more than
At Sadovod, brokers take cash from sellers and “sort it into numbered bags”; a van takes it to A7, which uses Promsvyazbank’s infrastructure, and abroad the money goes directly to a Chinese factory through intermediaries, Bagdasaryan said.
No one sees the cash, no one sees any transactions. Everything stays in Russia,
she said on Dozhd’s broadcast.
According to the investigator’s source, the largest share of cash is bought by companies for “under-the-table wages.” This lets employers save up to half on taxes, while workers are left without pensions and sick leave.
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Cash Hidden, Consequences Left Behind
The investigation describes cash-outs through a market and shell companies.
Invisible money left workers without pensions.