Four Gazprombank Executives Pocketed over €9 Million by Exploiting Market Chaos Triggered by Sanctions Against Russia
Four Gazprombank Luxembourg directors used employer loans to buy discounted Gazprom bonds and swap them for full-value replacements, potentially earning more than €9 million.
10 Articles
10 Articles
The heads of the Luxembourg branch of Gazprombank could earn more than 9 million in Eurobond operations, which were sharply offset by the imposition of sanctions.
Four Gazprombank executives pocketed over €9 million by exploiting market chaos triggered by sanctions against Russia
Four senior managers at Gazprombank’s Luxembourg branch made more than nine million euros in profit by exploiting market turmoil that followed sanctions imposed on Russia after its full-scale invasion of Ukraine in 2022, the Financial Times reports.
Four managers of the Luxembourg branch of Gazprombank made a profit of over nine million euros after Russia's attack on Ukraine with the insider trading of Gazprom bonds.
While Moscow was being hit with sanctions from the West over the war in Ukraine, Gazprombank executives in Luxembourg exploited the market turmoil for personal gain - The way they acted, the lax controls and their current situation
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