Also known as ŪkioLeaks, Troika Laundromat was a collection of 70 offshore shell companies whose controllers used them to move billions of dollars of private wealth from Russia to the west. About $4.6bn was paid into the Troika network, and a similar sum was paid out of it. It was operated by staff at an independent arm of the Russian investment bank Troika Dialog, which has now been merged with one of Russia's two big state-owned banks. The network was like a washing machine: money arrived from many sources. Most transfers were at Lithuania's Ukio Bank, closed by the authorities in February 2013.
