On 16 June, an article on OCCRP concerns Fonbet, Russia’s largest sports betting company, which in 2013 was investigated for providing online betting services using a website registered abroad. All forms of online sports betting were illegal in Russia at the time, so a criminal investigation was opened.  However, despite the dramatic raid and apparent proof of wrongdoing, not much happened, the article says — except for a sudden change of ownership, and today it remains the country’s biggest sports betting company.  The article looks at the background to the company, and claims links to the Troika Laundromat and apparent payments to an organised crime group.  It also says that one of the company’s owners is Alexander Burtakov, described as a colourful figure who has business ties with members of an elite special unit of Russia’s Ministry of Internal Affairs.






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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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