An Isle of Man firm has been accused of helping Russian oligarchs to “obscure” their wealth via a web of shell companies and other secretive structures.
Bridgewaters, a financial services company, is alleged to have been at “the core” of a network used by allies of president Vladamir Putin and others to move hundreds of millions of dollars out of the country.
The Wall Street Journal linked Bridgewaters, which offers corporate and trust services, with a system that helped Russian clients to structure investments in property around Europe. It also claims the firm added investments in American technology companies and a company accused of selling surveillance equipment to Moscow.
