- Advertisement -spot_img
Tuesday, October 19, 2021

Russian billionaire Tinkov has agreed to pay 500 500 million in U.S. tax charges

Oleg Tinkov, Chairman of the Board of Directors of Tinkoff Bank, attended a session of the St. Petersburg International Economic Forum (SPIEF) on June 7, 2019 in Russia. (Maxim Shemetov / Reuters, file photo)

Moscow-billionaire Oleg Tinkov, whose online bank is Russia’s second-largest credit card issuer, pleaded guilty Friday to false U.S. tax returns and agreed to pay 7 507 million in taxes, interest and fines, the U.S. Department of Justice said.

He was accused of concealing 1 billion in assets and income when he renounced his US citizenship in 2013.

Tinkov, whose business is run by his investment company TCS Group, including Tinkoff Bank, was arrested in London in February 2020 on charges of involvement in the case and was released on bail for fighting acute leukemia.

Read Also:  The share gain as Evergrande says it will pay interest

“Mr Tinkov is grateful for the opportunity to resolve this case in a humane way and is hopeful that it will allow him to concentrate on his efforts to fight his illness,” his lawyers said in a statement.

His sentencing hearing is scheduled for Oct. 2, which is expected to end the case.

A spokesman for Tinkov said the businessman had enough funds to cover fines without selling his assets, including shares of TCS.

Reuters

Follow

.

This News Originally From – The Epoch Times

World Nation News Deskhttps://www.worldnationnews.com
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news
- Advertisement -

Leave a Reply