A British company with Latvian roots IOS – International Overseas Services – helped to launder money for businesses from the former USSR, registering legal entities for its clients and providing administrative support.
Formally, IOS was not involved in illegal actions, but recently one of the company’s leaders, Arvis Steinbergs, was accused of involvement in the laundering of $2 billion.
IOS services were used by companies from the Troika Laundromat, the Moldovan Laundromat and the VAT refund scheme disclosed by Sergei Magnitsky. One such company is Roberta Transit LLP, associated with musician and friend of Putin Sergey Roldugin, which participated in the sale of Rosneft shares.
