RUSSIAN ARRESTED IN NEW YORK HAD LINKS TO MOSCOW BANK.

Vyacheslav Ivankov–known as the “Japanese”–who wasarrested last month in New York, had laundered money throughMoscow’s Chara Bank, Russian NTV reported June 22. The bank,which includes among its depositors many of Russia’s mostprominent officials, was involved in a major scandal earlierthis year: it declared bankruptcy and its director was founddead in his apartment. Meanwhile, Ostankino televisionreported June 23 that Russian INTERPOL officials hadconcluded that most of the illegal capital flight fromRussia was of Russian origin. They dismissed suggestionsthat illegal capital flight from Russia is primarily moneylaundered by criminals from other countries.

Falling Dollar Hurts Russian Oil Revenues.