Friday, May 18, 2007

Money launderer backs Russia in Bank of NY suit

(Reuters) - On Thursday Russia's federal customs service said it was filing the suit to seek damages related to alleged money laundering in the late 1990s -- a swipe at the U.S. financial system amid growing tension between Russia and the West.




The Bank of New York, the oldest bank in the United States, said on Thursday it had not seen the complaint but any such lawsuit would be "totally without merit, if not frivolous".


Read more at Reuters.com Business News

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